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...American cruiser had shown up in the Baltic Sea, and that West Germany had intensified its naval exercises there. The Soviets are on the verge of achieving their most concrete gain to date in Iceland, which is known as "the cork in the bottle" for the entire northern tier of NATO's defenses. From Iceland, U.S. Navy aircraft keep track of Russian craft moving through the Faeroe Channel and the Denmark Strait-including subs carrying Polaristype missiles targeted on U.S. cities. Last July the new coalition government of Iceland, which includes two Communist Ministers, asked the Americans to depart...

Author: /time Magazine | Title: The World: The Soviet Threat to NATO's Northern Flank | 10/18/1971 | See Source »

...photoengraver's plate of a news photograph-Lyndon with Roosevelt, with Truman, with Eisenhower, with Kennedy. Then at last, Lyndon alone. Above this hubristic album, the stuff of history begins-floodlit document boxes, bound in red morocco with a gold presidential seal emblazoned on each one, stretching tier on tier to the roof...

Author: /time Magazine | Title: Art: The New Monuments | 9/13/1971 | See Source »

...plan hardly seemed necessary. With the Swiss Central Bank poised to buoy up the price of the dollar if it fell below an undisclosed "base level," the Swiss franc merely wobbled fretfully anywhere from 1.2% to 2.8% above its normal dollar exchange rate. In Paris, where a complex two-tier system separates fixed-rate international trade and business dollars from tourist and capital investment dollars, the U.S. currency stayed within 3% of parity for free-floating transactions. In London, the pound reached only 3% above parity. With pressure on the yen relieved, however, Europeans grew concerned that their own currencies...

Author: /time Magazine | Title: Business: Nixon's Dollar and the Foreign Fallout | 9/6/1971 | See Source »

...have recently ordered commercial members to turn down foreign deposits that appeared to be speculative -a job requiring detective work that is much easier to perform in the clubby world of European bankers than it would be in the U.S. The move could lead to a much wider "two-tier" exchange system, with separate rules for speculative and ordinary money flows...

Author: /time Magazine | Title: MONEY: Devaluation Jitters | 8/23/1971 | See Source »

MULTILEVEL PLATFORMS. Architect Michael Black was called in by Harold Slavkin, a Los Angeles molecular biologist, to plan a vacation house. He disposed of all furniture, building a complex of multilevel platforms covered with carpeting. Now guests sit, lie or sprawl, and flop from one tier to another as conversations catch their interest. "In a 10-ft. by 12-ft. area," says Slavkin's wife Kay, "we've had as many as twelve people in practically as many postures." Black also revamped the Slavkins' staid, traditional Los Angeles house. "The problem," he says, "was a cold, formal...

Author: /time Magazine | Title: Modern Living: The New Room: No Furniture | 4/26/1971 | See Source »

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