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...economy (larger than all of Europe's), that balance of payments deficit seems trivial; it has averaged a mere 0.004% of the gross national product. But the dollars thus placed in foreign hands now total $34 billion, while the U.S. stock of gold has dwindled from a postwar peak of $24.6 billion to $10.4 billion last week, the thinnest gold line since 1936. If all the dollar holders demanded gold at once, there would be too little in Fort Knox to satisfy even a third of them. Already whetted, the speculative appetite for gold was only sharpened...

Author: /time Magazine | Title: Money: It Could Be Dawn | 3/29/1968 | See Source »

...partners could not much longer maintain the $35 price. With a balance of payments deficit of $3.6 billion last year and a war in Viet Nam that is costing some $30 billion annually, the U.S. has seen its gold reserves shrink by 50% from a postwar peak of $24.6 billion. Now, believed the speculators, the U.S. was nearing the end of its gold tether. If the U.S. could no longer sell gold to all takers at $35 an ounce and the price were allowed to rise to meet the demand, the speculators stood to make a handsome profit, just...

Author: /time Magazine | Title: Europe: Speculative Stampede | 3/22/1968 | See Source »

...curtailing of federal programs, but the unemployment resulting from a slowdown of the economy may have an even greater impact. Negroes have always been the first to be laid off as firms react to a decelerating economy, and it is probable that the number laid off will peak sometime during the summer. If the President and Congress were trying to build riot potential, their timing could scarcely have been better...

Author: By Jerald R. Gerst, | Title: ...home to roost | 3/21/1968 | See Source »

...Third Symphony, the maestro once dryly commented: "Some say this is Napoleon, some Hitler, some Mussolini. For me it is simply allegro con brio." Still, Toscanini's brio was like no one else's, and the NBC Symphony strikes sparks as it builds to one peak of excitement after another, and then softly and precisely casts long incandescent arcs of melody. The recordings date mostly from the early '50s, and are mono only...

Author: /time Magazine | Title: Television: Feb. 23, 1968 | 2/23/1968 | See Source »

...achieve what Bindrim called "sensory saturation with peak stimuli," the members picked the most congenial partner of the opposite sex by looking into one another's eyes to find the one whose gaze was most comfortable. Then, eyes closed, the partners touched, tasted and smelled pleasurable objects, such as roses and velvet. Next, they touched fingertips and gazed steadily into each other's eyes. They tried to recall whatever moment in life had given them utmost pleasure. After 20 minutes, all the participants sat in a circle and shared experiences, ridding themselves of some repressions and problems...

Author: /time Magazine | Title: Psychotherapy: Stripping Body & Mind | 2/23/1968 | See Source »

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