Word: london
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Dates: during 1960-1969
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Preparing for his 70th birthday, Master Farceur Noel Coward made it clear that one of the blithest spirits of the age is still blithe. Defending his lack of an Oxbridge education to London newsmen, he said: "It is of little help at the first rehearsal to be able to translate Cicero." What of T. S. Eliot's complaint that Coward had never spent an hour in the study of ethics? "I do not think it would have helped me," said he. Had he ever tried to enlighten his audience instead of just amusing them? "I have a slight reforming...
Died. Iskander Mirza, 70, Pakistan's first President, whose troubled two years in office were marked by corruption, famine and near bankruptcy and ended with a military coup by General Mohammed Ayub Khan in 1958; of a heart attack; in London...
Nickel, the lowly metal commonly associated with the U.S. 50 piece, has become a philosopher's stone for speculators. On the London Metal Exchange, the main international market, a pound of nickel last week brought $7.70 -about five times more than a year ago. The price was bid to incredible levels by the worst global shortage since World...
Britain, which depends almost wholly on Canadian nickel, has been hurt worst. The country faces what the London Times calls "one of the gravest raw materials crises since wartime controls." Stainless-steel prices have climbed 35% since August. Rolls-Royce is reclaiming the metal from scrapped engines, and some auto manufacturers will probably cut down on nickel-bearing chromium trim. Lord Melchett, head of the British Steel Corp., has appealed to the Soviets, who also produce nickel, to sell more...
...free-market price of gold: the higher the price, the greater the doubts among investors as to the worth of currencies. Since, last month's upward revaluation of the West German mark, gold has dropped abruptly. From an early October level of $41.20 an oz., the price in London sank last week to as low as $37.75 an oz. The price break was the sharpest since private gold trading was freed from the $35-an-oz. official price of the metal in March...