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...term investments, where it would help stabilize world finance. Western stocks and bonds, they believe, do not pay enough to be a good hedge against skyrocketing inflation, and real estate holdings could be seized by Western governments. Instead, the Arabs have been putting most of their money into the shortest-term investments possible: U.S. Treasury bills, New York and London bank certificates of deposit, and Eurodollar bank accounts-many of them "call" accounts from which the money may be withdrawn instantly without advance notice. That is a form of recycling that does little good; banks are understandably reluctant to make...

Author: /time Magazine | Title: MONEY: The Petrocurrency Peril | 6/17/1974 | See Source »

This adaptation of one of Henry James' shortest and most popular works contains, in cameo, a theme that winds through more elaborate novels like The Ambassadors: the ineluctable tension between European and American cultures that leads to corruption. What Peter Bogdanovich's movie is mostly about, however, is flirting...

Author: /time Magazine | Title: Cinema: Culture Shock | 6/3/1974 | See Source »

...dealing with a fatal illness. In other fatal illnesses, such as cancer, surgery is often called for if it gives the patient the best fighting chance for survival. At the moment this is the best we know of-the method that will do the best job in the shortest time...

Author: /time Magazine | Title: Alcoholism: New Victims, New Treatment | 4/22/1974 | See Source »

Leading the Wolfpack, of course, is Thompson, the player who inspired one pro scout to say that he was "one of the ten best basketball players in America-college or pro." His supporting cast includes one of the tallest and one of the shortest men playing collegiate ball. The tallest is Tom Burleson, a better than adequate, if not great, 7 ft., 4 in. center and the shortest is a ball-hawking guard in Monty Towe, all of 5 ft., 51/2 in. With Thompson as the middle man around this odd couple, State has won all but one game...

Author: By James W. Reinig, | Title: By Jiminy | 3/20/1974 | See Source »

...living in the New York area, for example, would get 33 to 40 gal. per month, though the Paralyzed Veterans of America Inc. figures that on the average, the handicapped need 100 gal. Disabled drivers require more gas because they are dependent on their cars for traveling even the shortest distances. The Department of Health, Education and Welfare and the President's Committee on Employment of the Handicapped, however, are working with the FEO to change its plans. At the local level, some of the handicapped are organizing to protest. At a rally in New York last week, several...

Author: /time Magazine | Title: IMPACT: New Pain for the Handicapped | 3/11/1974 | See Source »

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