Word: telegraphs
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...this cleared a few heads, blew a few minds, and raised a lot of consciousnesses. Kids who went to Europe returned appalled and nauseated by the generally carnivorous attitudes of the continental man on the street. Some who went to California said it was better than Cambridge, except for Telegraph Avenue which was worse, and the ones who stayed in New York had no fixed opinions on street life whatsoever, having been forced to stay indoors all summer to avoid death by smog poisoning. There were also, of course, hundreds of kids dispersed across the country, picking watermelons in Georgia...
ONLY a few hours before the 15 NATO foreign ministers met in Lisbon last week, a powerful bomb exploded at the city's central telephone and telegraph office, severing communications with the outside world. Later, three more bombs, presumably planted by left-wing terrorists to embarrass the government, went off in the Portuguese capital. The blasts in no way distracted the NATO ministers from an urgent and potentially historic task. That was to formulate a reply to Soviet Party Chief Leonid Brezhnev, who late last month called on NATO to "taste the wine" of Russian intentions on force reductions...
...discovering that getting out of Viet Nam has a price that it did not anticipate. One longtime supporter of the American cause-sympathetic enough so that President Nixon granted him a lengthy private interview only last February-is Peregrine Worsthorne, columnist and assistant editor of London's Sunday Telegraph. Now, Worsthorne argues, the U.S. presence in Viet Nam "may have become more a curse than a blessing, may now actually be doing the cause of South Viet Nam's independence more harm than good." The problem, says Worsthorne, is that American troops-once necessary to inspirit the laggard...
Last week New England Telephone & Telegraph Co. sold $200 million worth of bonds at 8.2% annual interest, compared with a low of 6.8% on a Bell System borrowing in late January. The new rate is more than halfway back up to the Bell interest peak of 9.35% in June 1970. Short-term interest rates have risen less strikingly, but even so, bellwether three-month U.S. Treasury bills early last week were selling at almost 4.5% interest, the highest rate since mid-January. The rising rates seem to be pulling some money out of the stock market. Last week...
...more serious Tory Daily Telegraph and the business-oriented Financial Times have good survival prospects, but three great names in British journalism are in danger of disappearing. Faced with strong competition from Thomson's Sunday Times and the Sunday Telegraph, the Astor-owned Observer is given only a marginal chance to survive, as is the daily Guardian, which this week celebrates its 150th anniversary. Despite frantic efforts to revitalize its formula, the venerable London Times ran $2,400,000 in the red last year, bringing Lord Thomson's total losses since he bought the paper to a reported...