Word: squeezees
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This week one of our most discussed sections - the TIME Essay - begins its second year. From the very first one, examining the United Nations and its prospects, Essay has elicited a remarkable amount of public interest. The U.S. Mission to the U.N. distributed 10,000 reprints of No. 1 to...
The Inspector General is the classic case of mistaken identity. The officials of an unnamed village learn that an inspector from St. Peterburg will soon visit their town, and may be travelling incognito. When they hear that a well-dressed stranger from Petersburg has arrived at the inn, they assume...
In the long run, shortages may be eliminated by the nonferrous-metal industry's current expansion drive, which includes Anaconda's recent decision to spend $400 million to $600 million to increase its copper output 50% by 1970. For faster relief, metal men are looking to Washington. They...
Perpetual Squeeze. Homestake has been profiting handsomely from its Lead mine for 88 years despite obstacles that have driven every other major U.S. gold producer out of business. While wage and material costs have risen steadily, the price of gold has been pegged by the Government at $35 per oz...
Prices are low because worries are high, and investors are reacting-probably overreacting-to the economic implications of the Viet Nam war. They are afraid of higher taxes and more controls on the economy, perplexed by the squeeze on credit and pressure on profit margins. In this emotional atmosphere, such...