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...silver to keep prices up, had become an untenable anachronism. Largely because of new uses for the metal in the electronics and aerospace industries, the U.S. last year consumed 150 million ounces of silver, v. domestic production of only 36.8 million ounces. As increasing demand put an upward pressure on prices, the Treasury was able to maintain the market price at 91? only by selling huge amounts of its stockpiled silver...

Author: /time Magazine | Title: Money: Breaking the Silver Bonds | 12/8/1961 | See Source »

...decision to reduce silver to a free market metal, like copper or tin, won resounding applause. On the silver market itself, the immediate repercussions were a jump in prices from 91? to just over a dollar an ounce and a sudden upsurge in silver-mining stocks. Whether this upward trend continues will determine how the battle lines will be drawn when Kennedy formally asks for legislation to discontinue silver as currency backing in the next session of Congress. If prices soar much higher, industrial silver users will surely put up a howl. But if the price should drop because...

Author: /time Magazine | Title: Money: Breaking the Silver Bonds | 12/8/1961 | See Source »

...industry elite-the seasonal small talk about football shifted abruptly last week to an even more popular sport: guessing who will be the next president and who the next chairman of General Motors. G.M. itself kicked off the speculation with an intriguing round of promotions among its top officials. Upward bound...

Author: /time Magazine | Title: Autos: Who's What at G.M. | 11/17/1961 | See Source »

Around the equator, air from the troposphere passes upward into the stratosphere, then whirls toward the poles. When it reaches the Arctic, it sinks and re-enters the troposphere (see diagram). If the sinking air carries radioactive particles with it, they are quickly whipped around the earth by fast low-level winds and are eventually deposited on the surface in rain or snow...

Author: /time Magazine | Title: Science: Fission & Fallout | 10/27/1961 | See Source »

...come from trade journals, industry gossip, and the recruiter's own assiduously cultivated grapevine. Many recruiters also keep minute track of the progress of key executives in hundreds of U.S. firms. An executive who has spent too long on one level or has been moved laterally rather than upward is apt to prove particularly receptive...

Author: /time Magazine | Title: Management: The Trade in Mustard Cutters | 10/6/1961 | See Source »

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