Word: systemics
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Dates: during 1960-1969
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Tired of television? There may be a way to watch the tube without having to see what is on it now, Last week RCA presented "SelectaVision," a new system that it called "potentially the most significant development for the home since color television...
Last year CBS Laboratories introduced its own playback system, called Electronic Video Recording (EVR). But the RCA version-which works through a combination of laser beams and holography-would cost the consumer only half as much. The model RCA demonstrated last week, however, was still a primitive prototype with grainy picture, color distortion and no sound...
After years of teetering precariously from one crisis to another, the international monetary system has begun to display surprising strength and adaptability. Late in July, members of the International Monetary Fund agreed to create a new form of money, called Special Drawing Rights, that will help finance the-continued growth of world trade. In August, France devalued the franc without causing any real tremors. Last week the value of one of the world's most important currencies, the West German mark, was established not by government fiat but by the free market...
...results not only were successful for Germany but also moved the world a long step toward a much-needed reform of the monetary system. The reform should open the way for fewer wrenching devaluations of currencies and greater flexibility in the prices at which they are bought and sold...
Chains on Baby Carriages. The consequences of the economic slowdown touch everyone. Czechoslovakia's distribution system is verging on collapse. Women must rise at dawn to search for fresh meat; eggs are often difficult to find in the cities. For long weeks during the summer, lack of railroad cars tied up 3,600 tons of meat and 105,000 tons of other Soviet goods at the border transfer point of Cierna. No one is starving, but Czechoslovaks returning from trips to Germany and Austria carry suitcases stuffed with food...