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115-643: The CES name was coined by an online web service which started in 2003 in Cape Town , South Africa, as the Cape Town Talent Exchange (CTTE). From there it spread to 99 countries, with the biggest take-up in Australia, where CES Australia was founded in 2011. This original CES takes the idea of LETS and similar systems a step further by providing the means for inter-community trading; it is a global network of communities using non-monetary exchange systems. The CES

230-415: A digital currency ). While money typically takes the form of a national currency such as dollars or euros, there have long been other types of "currencies" ranging from simple IOU notes––in which one person declares a debt to a second person in a written document––to more sophisticated programs such as frequent-flyer programs in which points are accumulated in a side-system as

345-515: A prison where people were isolated, banished, and exiled for nearly 400 years. It was also used as a leper colony, a post office, a grazing ground, a mental hospital, and an outpost. The Cape Peninsula is a rocky and mountainous peninsula that juts out into the Atlantic Ocean at the south-western extremity of the continent. At its tip is Cape Point and the Cape of Good Hope . The peninsula forms

460-510: A severe water shortage from 2015 to 2018. According to Oxfam , "in the face of an imminent water shortage, the city of Cape Town in South Africa successfully reduced its water use by more than half in three years, cutting it from 1.2bn litres per day in February 2015 to 516m litres per day in 2018." In 2021 Cape Town also experienced a violent turf war between rival taxi firms which led to

575-554: A Changing Enterprise 1957–1983 . The Larsen family's Time Inc. stock was worth around $ 80 million during the 1960s. Roy Larsen was both a Time Inc. director and the chairman of its executive committee, later serving as Time Inc.'s board's vice chairman until the middle of 1979. On September 10, 1979, The New York Times wrote, "Mr. Larsen was the only employee in the company's history given an exemption from its policy of mandatory retirement at age 65." In 1987, Jason McManus succeeded Henry Grunwald as editor-in-chief, and oversaw

690-479: A black X (to date, the magazine's only such use of a black X) covering the flag of Japan , representing the recent surrender of Japan and which signaled the end of World War II . Fifty-eight years later, on April 21, 2003, Time released another issue with a red X over Saddam Hussein 's face, two weeks after the start of the Invasion of Iraq . A third red X issue was that of June 19, 2006, after Abu Musab al-Zarqawi

805-439: A commercial debt to a bank, without reference to whether or not that extra money is needed to match the supply of goods and services." Persons can borrow or take a loan using the system, although generally these amounts are not large, and there are forces pushing persons to not have either a large deficit or a large surplus in their particular account. And it is international in scope. Other advantages cited include benefits for

920-595: A distinctively "acerbic, irreverent style", largely created by Haddon and sometimes called "Timestyle". Timestyle made regular use of inverted sentences , as famously parodied in 1936 by Wolcott Gibbs in The New Yorker : "Backward ran sentences until reeled the mind ... Where it all will end, knows God!" Time also coined or popularized many neologisms like "socialite", "guesstimate", "televangelist", "pundit", and "tycoon", as well as some less successful ones like "cinemactress" and "radiorator". Time introduced

1035-603: A few other towns. Industry and commerce is largely in service of the area. After the Cape Peninsula, Helderberg is the next most mountainous part of Greater Cape Town, bordered to the north and east by the highest peaks in the region along the watershed of the Helderberg and Hottentots Holland Mountains, which are part of the Cape Fold Belt with Cape Supergroup strata on a basement of Tygerberg Formation rocks intruded by part of

1150-671: A flood of immigration into South Africa. In 1895 the city's first public power station, the Graaff Electric Lighting Works , was opened. Conflicts between the Boer republics in the interior and the British colonial government resulted in the Second Boer War of 1899–1902. Britain's victory in this war led to the formation of a united South Africa. From 1891 to 1901, the city's population more than doubled from 67,000 to 171,000. As

1265-641: A global network. Community Exchange Systems Ltd was formally constituted and registered as a not-for-profit company under the Companies Act of South Africa in 2008 and is known as CES International. CES Australia was set up in Australia in 2011. As of March 2019 there are four CES servers hosting different communities, with CES International in Cape Town the "global" server, another in Taiwan, and two in Australia hosting

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1380-480: A local area coordinator to enter the trade for them into the system. The CES's stated aims as of March 2019 include mobilising the real wealth of a community, fostering self-reliance & self esteem, fostering social justice & equality, keeping wealth where it is created and fostering a sense of community. Advocates suggest the Community Exchange System is a "means of empowerment" for poor people,

1495-400: A locally created currency called "LETS Credits". The exchange later evolved into a more complex system which took advantage of internet technology to reduce the costs of administering the system and allowed expansion to other places, including areas outside of the borders of South Africa . The software permitted the exchange in one city to link up with similar exchanges in other cities to form

1610-532: A major gap at the Fish Hoek–Noordhoek valley. In the south much of the area is a low sandstone plateau with sand dunes. Maximum altitude is 1113 m on Table Mountain. The Cape Flats (Afrikaans: Kaapse Vlakte) is a flat, low-lying, sandy area, area to the east the Cape Peninsula, and west of the Helderberg much of which was wetland and dunes within recent history. To the north are the Tygerberg Hills and

1725-448: A number of satellite towns, suburbs and rural areas such as Atlantis , Bellville , Blouberg , Brackenfell , Durbanville , Goodwood , Gordon's Bay , Hout Bay , Khayelitsha , Kraaifontein , Kuilsrivier , Macassar , Melkbosstrand , Milnerton , Muizenberg , Noordhoek , Parow , Philadelphia , Simon's Town , Somerset West , and Strand among others. The Cape Peninsula is 52 km (30 mi) long from Mouille Point in

1840-581: A particular local exchange via the Community Exchange System website. This gives them access to an online community, sometimes described as an "online shopping mall" which is similar in some respects to a social networking website. They can then offer to sell goods or services, and as these are bought, their credits accumulate, which in turn allows them to buy things on the exchange as well from participating sellers. Generally, each exchange has its own "currency", or unit of measurement, which serves as

1955-400: A person until the person does more work or sells more items or services; when an individual person's credit becomes too extensive, other members will urge that person to begin trading to bring down this amount. It is taxed like any currency and a "nation's tax rules apply ... just like national currency." If a particular member does not have a computer or lacks Internet access, it is possible for

2070-432: A recording mechanism to keep track of values as they are transferred. Most exchanges operate according to principles of mutual credit , time banks ; some even use exchange-specific paper currencies as a portable physical record documenting the electronic credit. The registered member accesses a host server which manages a particular exchange, and this access enables a user to link up with other exchanges. Generally, there

2185-647: A result of purchases. Some communities, typically remote ones, have instituted what is sometimes called a community currency , sometimes with paper notes, such as the Totnes pound in the town of Totnes in the United Kingdom ; the idea was to promote local commerce and to "keep money circulating within the town's local economy," according to one report. The advent of internet technology made alternative (aka complementary) currencies more viable, as databases can keep account of credits and facilitate trading. A system called

2300-630: A second report counted the number of exchanges at approximately 300 in 30 different countries. According to a 2006 estimate, there were 2,000 members trading on the Cape Town Talent Exchange and a global total of 6,700 members in 50 groups in eight countries. By 2011, the number of participants in the Cape Town Talent Exchange was estimated to be 4,000. A report in Time suggested that alternative forms of money are "growing in popularity" in places such as South Africa and elsewhere. Since 2003, when

2415-496: A significant figure in the history of 20th-century media. According to Time Inc.: The Intimate History of a Publishing Enterprise 1972–2004 by Robert Elson, " Roy Edward Larsen  ... was to play a role second only to Luce's in the development of Time Inc". In his book The March of Time , 1935–1951 , Raymond Fielding also noted that Larsen was "originally circulation manager and then general manager of Time , later publisher of Life , for many years president of Time Inc., and in

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2530-713: A strong wind from the south-east, known locally as the south-easter or the Cape Doctor , so called because it blows air pollution away. This wind is caused by a persistent high-pressure system over the South Atlantic to the west of Cape Town, known as the South Atlantic High , which shifts latitude seasonally, following the sun, and influencing the strength of the fronts and their northward reach. Cape Town receives about 3,100 hours of sunshine per year. Time (magazine) Time (stylized in all caps as TIME )

2645-457: A substantial amount of space within the magazine to the 100 articles about each person on the list. In some cases, over 100 people have been included, as when two people have made the list together, sharing one spot. The magazine also compiled " All-Time 100 best novels " and " All-Time 100 Movies " lists in 2005, "The 100 Best TV Shows of All-Time" in 2007, and "All-Time 100 Fashion Icons" in 2012. In February 2016, Time mistakenly included

2760-406: Is also known for the red border on its cover, introduced in 1927. The iconic red border was homaged or satirized by Seattle's The Stranger newspaper in 2010. The border has only been changed eight times since 1927: Former president Richard Nixon has been among the most frequently featured on the cover of Time , having appeared 55 times from August 25, 1952, to May 2, 1994. In October 2020,

2875-620: Is an American news magazine based in New York City . It was published weekly for nearly a century. Starting in March 2020, it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce . A European edition ( Time Europe , formerly known as Time Atlantic ) is published in London and also covers

2990-423: Is delivered to subscribers on Saturday. The magazine was published on Fridays when it began in 1923. In early 2007, the year's first issue was delayed roughly a week due to "editorial changes", including the layoff of 49 employees. In 2009, Time announced it was introducing Mine , a personalized print magazine mixing content from various Time Warner publications based on the reader's preferences. The new magazine

3105-581: Is either a one-time fee or else a small "transaction tax in talents" to compensate the system's organizers for their work. Other drawbacks include being "unwieldy" since money is useful primarily when it is "widely accepted", and for a Consumer Exchange Service to operate effectively, many consumers and merchants and employers need to be using the system. It is also an alternative paradigm of money, requiring considerable adjustment of perception (through education) of positive and negative balances (which are erroneously perceived as debt) of one's account. Interfacing

3220-400: Is international in scope. It does not have printed money or coins but uses computer technology to serve as an "online money and banking system" or alternative exchange system and as a marketplace. It is an advance from an arrangement in which either one good or service is exchanged for another good or service, or commonly called barter , since it uses a digital unit of value (not the same as

3335-418: Is no such thing as too much or too little money." She argued that it was a superior arrangement because no interest was charged and that the system was "transparent" because everybody could see everybody else's balance of credits and debits. "Money is not used as a commodity in itself - to be lent and borrowed and kept out of use. By contrast, the supply of national currencies everywhere comes into existence as

3450-401: Is not a fixed exchange rate between a Community Exchange System unit of value and a national currency; rather, values fluctuate. Database software keeps track of which persons have which amounts of "money". The buyer "pays" the seller by signing a trading sheet provided by the seller or by handing over a trading slip that records how much the buyer is agreeing to be debited by the seller for

3565-519: Is part of the City of Cape Town metropolitan municipality . The city is known for its harbour , its natural setting in the Cape Floristic Region , and for landmarks such as Table Mountain and Cape Point . In 2014, Cape Town was named the best place in the world to visit by The New York Times , and was similarly ranked number one by The Daily Telegraph in both 2016 and 2023. Located on

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3680-446: Is the chairman and co-CEO of Salesforce.com , Time was to remain separate from that company, and Benioff would not be involved in the magazine's daily operations. In late April 2023, Time announced the elimination of the website's paywall effective June 1, 2023. From 1942 until 1979, Time had a Canadian edition that included an insert of five pages of locally produced content and occasional Canadian covers. Following changes in

3795-518: Is the valley of the Steenbras River, in which the Steenbras Dam was built as a water supply for Cape Town. The dam has been supplemented by several other dams around the western Cape, some of them considerably larger. This is almost entirely a conservation area, of high biodiversity. Bellville , Brackenfell , Durbanville , Kraaifontein , Goodwood and Parow are a few of the towns that make up

3910-452: Is within the city boundaries and there are several other nature reserves and marine-protected areas within, and adjacent to, the city, protecting the diverse terrestrial and marine natural environment. The earliest known remnants of human occupation in the region were found at Peers Cave in Fish Hoek and have been dated to between 15,000 and 12,000 years old. Various Khoikhoi groups notably

4025-533: The Anglo-Dutch Treaty of 1814 . The city became the capital of the newly formed Cape Colony , whose territory expanded very substantially through the 1800s, partially as a result of numerous wars with the amaXhosa on the colony's eastern frontier. In 1833 slavery was abolished in the colony freeing over 5500 slaves in the city, almost a third of the city's population at the time. The Convict Crisis of 1849, marked by substantial civil upheaval, bolstered

4140-695: The Cape Supergroup , of which parts of the Graafwater and Peninsula Formations remain, were uplifted between 280 and 21S million years ago, and were largely eroded away during the Mesozoic. The region was geologically stable during the Tertiary, which has led to slow denudation of the durable sandstones. Erosion rate and drainage has been influenced by fault lines and fractures, leaving remnant steep-sided massifs like Table Mountain surrounded by flatter slopes of deposits of

4255-500: The Israel Defense Forces . The November 2, 2020, issue of the U.S. edition of the magazine, published the day before the 2020 United States presidential election , was the first time that the cover logo "TIME" was not used. The cover of that issue used the word "VOTE" as a replacement logo, along with artwork by Shepard Fairey of a voter wearing a pandemic face mask. The issue included information on how to vote safely during

4370-557: The Khoikhoi clans who inhabited the area. In the late 16th century French, Danish, Dutch and English, but mainly Portuguese, ships regularly continued to stop over in Table Bay en route to the Indies. They traded tobacco, copper, and iron with the Khoikhoi clans of the region in exchange for fresh meat and other essential travelling provisions. In 1652, Jan van Riebeeck and other employees of

4485-576: The Northern Suburbs of Cape Town. In current popular culture these areas are often referred to as being beyond the " boerewors curtain," a play on the term " iron curtain ." UNESCO declared Robben Island in the Western Cape a World Heritage Site in 1999. Robben Island is located in Table Bay, some 6 km (3.7 mi) west of Bloubergstrand, a coastal suburb north of Cape Town, and stands some 30m above sea level. Robben Island has been used as

4600-595: The Southern Suburbs , close to the mountains, rainfall is significantly higher and averages closer to 1,000 mm (39.4 in). Summer, which lasts from December to March, is warm and dry with an average maximum of 26 °C (79 °F) and minimum of 16 °C (61 °F). The region can get uncomfortably hot when the Berg Wind , meaning "mountain wind", blows from the Karoo interior. Spring and summer generally feature

4715-615: The Table Mountain group sandstones that were deposited on the eroded surface of the granite and Malmesbury series basement about 450 million years ago. The sand, silt and mud deposits were lithified by pressure and then folded during the Cape Orogeny to form the Cape Fold Belt , which extends in an arc along the western and southern coasts. The present landscape is due to prolonged erosion having carved out deep valleys, removing parts of

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4830-919: The United East India Company ( Dutch : Verenigde Oost-indische Compagnie , VOC) were sent to the Cape Colony to establish a way-station for ships travelling to the Dutch East Indies , and the Fort de Goede Hoop (later replaced by the Castle of Good Hope ). The settlement grew slowly during this period, as it was hard to find adequate labour. This labour shortage prompted the local authorities to import enslaved people from Indonesia and Madagascar . Many of these people are ancestors of modern-day Cape Coloured and Cape Malay communities. Under Van Riebeeck and his successors, as VOC commanders and later governors at

4945-452: The "Silence Breakers", people who came forward with personal stories of sexual harassment, as Person of the Year. In recent years, Time has assembled an annual list of the 100 most influential people of the year. Originally, they had made a list of the 100 most influential people of the 20th century. These issues usually have the front cover filled with pictures of people from the list and devote

5060-429: The 1952 Olympics as the U.S.'s dazzling three-meter diving champion, national collegiate one-and three-meter diving champ (1951–52); in the crash of a North American FJ-3 Fury jet fighter while on a training flight; near Rantoul, Kans. A reader wrote a parody of the older form to announce the change: Died . Time's delightful but confusing habit of listing names, ages, claims to fame, and other interesting tidbits about

5175-508: The 19th century came to an end, the economic and political dominance of Cape Town in the Southern Africa region during the 19th century started to give way to the dominance of Johannesburg and Pretoria in the 20th century. In 1910, Britain established the Union of South Africa , which unified the Cape Colony with the two defeated Boer Republics and the British colony of Natal . Cape Town became

5290-491: The Atlantic Ocean with significant precipitation and strong north-westerly winds. Winter months in the city average a maximum of 18 °C (64 °F) and minimum of 8.5 °C (47 °F). Winters are snow and frost free, except on Table Mountain and on other mountain peaks, where light accumulation of snow and frost can sometimes occur. Total annual rainfall in the city averages 515 mm (20.3 in) although in

5405-568: The Australian communities and Timebanking Australia in New South Wales . A Spanish system, IntegralCES (serving Argentina, Brazil, France, Greece, Italy, Spain and Mexico), and Geneva-based CommunityForge.net are also part of the network. Reports vary about the number of complementary currency exchanges linked up in the network. One report in 2011 suggested that the network consisted of 100 linked exchanges which operated in 15 different countries;

5520-409: The Cape Town Talent Exchange (CTTE) was started in February 2003 in Cape Town by Ashoka fellow Tim Jenkin (also known for a daring prison escape during the apartheid era) and former maths and science teacher and chemical engineer Don Northcott. The abstract unit of currency (unit of account/value) was called the "Talent", but there were no physical bills or coins made. The purpose was to bring

5635-569: The Cape was considered a " Coloured labour preference area", to the exclusion of " Bantus ", i.e. Black Africans. The implementation of this policy was widely opposed by trade unions, civil society and opposition parties. It is notable that this policy was not advocated for by any Coloured political group, and its implementation was a unilateral decision by the apartheid government. During the student-led Soweto Uprising of June 1976, school students from Langa , Gugulethu and Nyanga in Cape Town reacted to

5750-464: The Cape, a wide range of agricultural plants were introduced to the Cape. Some of these, including grapes, cereals, ground nuts, potatoes, apples and citrus, had a large and lasting influence on the societies and economies of the region. With the Dutch Republic being transformed into Revolutionary France 's vassal Batavian Republic , Great Britain moved to take control of Dutch colonies, including

5865-571: The Gorinaiqua lived on these lands for thousands of years. Khoikhoi communities were some of the wealthiest groups in Africa and their lands and cattles would go on to build colonial Cape Town and the rest of South Africa. Bartolomeu Dias . Dias, the first European to reach the area, arrived in 1488 and named it "Cape of Storms" ( Cabo das Tormentas ). It was later renamed by John II of Portugal as " Cape of Good Hope " ( Cabo da Boa Esperança ) because of

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5980-454: The House of Representatives , on its cover; a facsimile reprint of Issue No. 1, including all of the articles and advertisements contained in the original, was included with copies of the magazine's issue from February 28, 1938, in commemoration of its 15th anniversary. The cover price was 15¢ (equivalent to $ 2.68 in 2023). Following Hadden's death in 1929, Luce became the dominant man at Time and

6095-839: The Middle East, Africa, and, since 2003, Latin America. An Asian edition ( Time Asia ) is based in Hong Kong. The South Pacific edition, which covers Australia, New Zealand , and the Pacific Islands , is based in Sydney . Since 2018, Time has been owned by Salesforce founder Marc Benioff , who acquired it from Meredith Corporation . Benioff currently publishes the magazine through the company Time USA, LLC. Time has been based in New York City since its first issue published on March 3, 1923, by Briton Hadden (1898–1929) and Henry Luce (1898–1967). It

6210-588: The Stellenbosch district. The Helderberg area of Greater Cape Town, previously known as the "Hottentots-Holland" area, is mostly residential, but also a wine-producing area east of the Cape Flats, west of the Hottentots Holland mountain range and south of the Helderberg mountain, from which it gets its current name. The Helderberg consists of the previous municipalities of Somerset West, Strand, Gordons Bay and

6325-566: The Stellenbosch granite pluton. The region includes the entire catchment of the Lourens and Sir Lowry's rivers, separated by the Schapenberg hill, and a small part of the catchment of the Eerste River to the west. The Helderberg is ecologically highly diverse, rivaling the Cape Peninsula, and has its own endemic ecoregions and several conservation areas. To the east of the Hottentots Holland mountains

6440-614: The Toronto, Canada, LETS, however, showed that the transparency of mutual credit systems makes them highly resilient and difficult to defraud. Indeed one participant joined with the expressed intent of defrauding the system and found it to be pointless. A type of class system can emerge, however, when some participants have services or products in great demand and accumulate surplus credits that they cannot spend while others have great needs and find themselves unable to accumulate them. One source suggested that an administrative upper-limit ceiling for

6555-630: The Western Cape province. The official boundaries of the city proper extend between the City Bowl and the Atlantic Seaboard to the east and the Southern Suburbs to the south. The City of Cape Town , the metropolitan municipality that takes its name from the city covers the Greater Cape Town metropolitan area , known as the Cape Metropole, extending beyond the city proper itself to include

6670-430: The advantages of a trading network to destitute persons who were unable to get credit or loans using traditional national currencies, as well as assist marginalised communities within the city of Cape Town , such as Khayelitsha , to become self-sustaining. The initial design was as a local moneyless not-for-profit exchange which was similar in most respects to a LETS, which record members trading goods and services using

6785-531: The balcony of Cape Town City Hall , hours after being released on 11 February 1990. His speech heralded the beginning of a new era for the country. The first democratic election , was held four years later, on 27 April 1994. Nobel Square in the Victoria & Alfred Waterfront features statues of South Africa's four Nobel Peace Prize winners: Albert Luthuli , Desmond Tutu , F. W. de Klerk and Nelson Mandela . Cape Town has undergone significant changes in

6900-556: The best governed province and city in the country. Of South Africa's 257 municipalities, only 38 received a clean financial audit in 2022 from the Auditor-General . Of those, 21 were in the Western Cape. The city's economy has diversified, with growth in sectors such as finance, real estate, and tourism. The establishment of the City Centre Improvement District (CCID) has been particularly successful in revitalizing

7015-460: The city center, bringing businesses and people back into the area. This initiative has transformed public spaces such as Greenmarket Square , Company's Garden , and St George's Mall, attracting both locals and tourists. In 2014, Cape Town was named World Design Capital of the Year. Cape Town was voted the best tourist destination in Africa at the 2023 World Travel Awards in Dubai and continues to be

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7130-509: The city centre. The legacy of Apartheid means Cape Town remains one of the most racially segregated cities in South Africa. Many Black South Africans continue to live in informal settlements with limited access to basic services such as healthcare, education, and sanitation. The unemployment rate remains high at 23% (though nearly 10 points lower than the nationwide average), particularly among historically disadvantaged groups, and economic opportunities are unevenly distributed. Cape Town faced

7245-715: The colonial possessions of the VOC. Britain captured Cape Town in 1795 , but it was returned to the Dutch by treaty in 1803. British forces occupied the Cape again in 1806 following the Battle of Blaauwberg when the Batavian Republic allied with Britain's rival, France, during the Napoleonic Wars . Following the conclusion of the war Cape Town was permanently ceded to the United Kingdom in

7360-457: The course of the year; it is, therefore, not necessarily an honor or a reward. In the past, such figures as Adolf Hitler and Joseph Stalin have been Man of the Year. In 2006, Person of the Year was " You ", and was met with split reviews. Some thought the concept was creative; others wanted an actual person of the year. Editors Pepper and Timmer reflected that, if it had been a mistake, "we're only going to make it once". In 2017, Time named

7475-414: The deaths of 83 people. Since the 2010s, Cape Town and the wider Western Cape province have seen the rise of a small secessionist movement . Support for parties "which have formally adopted Cape independence" was around 5% in the 2021 municipal elections . Cape Town is located at latitude 33.55° S (approximately the same as Sydney and Buenos Aires and equivalent to Casablanca and Los Angeles in

7590-406: The east and joins the peninsula to the mainland. The Cape Town region is characterised by an extensive coastline, rugged mountain ranges, coastal plains and inland valleys. The extent of Cape Town has varied considerably over time. It originated as a small settlement at the foot of Table Mountain and has grown beyond its city limits as a metropolitan area to encompass the entire Cape Peninsula to

7705-403: The elderly, disabled persons or those described as underemployed. An advantage cited is that a destitute person can begin earning credits by working, since it does not require such a person to first have an acceptable credit history or credit score to qualify for a traditional job. Regardless of a person's past financial situation, each person's new contributions have exchangeable value based on

7820-407: The entertainment industry, and pop culture, criticizing it as too light for serious news. Time set out to tell the news through people, and until the late 1960s, the magazine's cover depicted a single person. More recently, Time has incorporated "People of the Year" issues, which have grown in popularity over the years. The first issue of Time featured Joseph G. Cannon , the retired Speaker of

7935-607: The entire bottom of False Bay exposed. During this period an extensive system of dunes was formed on the sandy floor of False Bay. At this time the drainage outlets lay between Rocky Bank Cape Point to the west, and between Rocky Bank and Hangklip Ridge to the east, with the watershed roughly along the line of the contact zone east of Seal Island and Whittle Rock. Cape Town has a warm summer Mediterranean climate ( Köppen : Csb ), with mild, moderately wet winters and dry, warm summers. Winter, which lasts from June to September, may see large cold fronts entering for limited periods from

8050-411: The environment, being good for remote areas without access to traditional banks, It can be "ideal for launching small businesses or piloting projects without spending cash", according to one view. The network still incurs administrative costs, although with internet technology, the costs are less than in a traditional LETS group. There is a small fee required to help defray administrative costs which

8165-547: The eroded material overlaying the older rocks, There are two internationally notable landmarks, Table Mountain and Cape Point , at opposite ends of the Peninsula Mountain Chain, with the Cape Flats and False Bay to the east and the Atlantic Ocean to the west. The landscape is dominated by sandstone plateaux and ridges, which generally drop steeply at their margins to the surrounding debris slopes, interrupted by

8280-481: The famous newly deceased in its Milestones notices; then the circumstances of, and places where, the deaths occurred; of apparent good sentence structure; in New York. Until the mid-1970s, Time had a weekly "Listings" section with capsule summaries or reviews of current significant films, plays, musicals, television programs, and literary bestsellers similar to The New Yorker 's "Current Events" section. Time

8395-668: The first European outpost at the Castle of Good Hope , becoming the economic and cultural hub of the Cape Colony . Until the Witwatersrand Gold Rush and the development of Johannesburg, Cape Town was the largest city in southern Africa. The metropolitan area has a long coastline on the Atlantic Ocean , which includes False Bay, and extends to the Hottentots Holland mountains to the east. The Table Mountain National Park

8510-570: The first female editor-in-chief of its magazine division. In September 2013, Nancy Gibbs was named as the first female managing editor of Time magazine. In November 2017, Meredith Corporation announced its acquisition of Time, Inc., backed by Koch Equity Development . In 2017, editor and journalist Catherine Mayer , who also founded the Women's Equality Party in the UK, sued Time through attorney Ann Olivarius for sex and age discrimination. The suit

8625-399: The goods/service delivered. The slip is either handed by the seller to a group administrator who will enter the amount into the computerised system, or the information is entered directly by the seller. Generally, members are not allowed to accumulate either too much "debt" or too much "credit" on the system. When a deficit builds up, other members generally will usually stop trading with such

8740-613: The great optimism engendered by the opening of a sea route to the Indian subcontinent and East Indies . In 1497, Portuguese explorer Vasco da Gama recorded a sighting of the Cape of Good Hope. In 1510, at the Battle of Salt River , the Portuguese admiral Francisco de Almeida and sixty-four of his men were killed and his party was defeated by the "Goringhaiqua" in Dutch approximate spelling) using cattle that were specially trained to respond to whistles and shouts. The Gorinaiqua were one of

8855-568: The infant radio business by broadcasting a 15-minute sustaining quiz show entitled Pop Question which survived until 1925. Then in 1928, Larsen "undertook the weekly broadcast of a 10-minute programme series of brief news summaries, drawn from current issues of Time magazine ... which was originally broadcast over 33 stations throughout the United States". Larsen next arranged for the 30-minute radio program The March of Time to be broadcast over CBS beginning on March 6, 1931. Each week,

8970-505: The legislative capital of the Union, and later of the Republic of South Africa . By the time of the 1936 census , Johannesburg had overtaken Cape Town as the largest city in the country. In 1945 the expansion of the Cape Town foreshore was completed adding an additional 194 ha (480 acres) to the City Bowl area to the city centre. Prior to the mid-twentieth century, Cape Town was one of

9085-653: The long history of the corporation the most influential and important figure after Luce". Around the time, they were raising $ 100,000 from wealthy Yale University alumni, including Henry P. Davison, partner of J.P. Morgan & Co. , publicity man Martin Egan and J.P. Morgan & Co. banker Dwight Morrow; Henry Luce and Briton Hadden hired Larsen in 1922. Larsen was a Harvard University graduate, and Luce and Hadden were Yale graduates. After Hadden died in 1929, Larsen purchased 550 shares of Time Inc., using money he obtained from selling RKO stock he had inherited from his father, who

9200-502: The magazine replaced its logo with the word "Vote", explaining that "Few events will shape the world to come more than the result of the upcoming US presidential election". In 2007, Time redesigned the magazine to update and modernize the format. Among other changes, the magazine reduced the red cover border to promote featured stories, enlarged column titles, reduced the number of featured stories, increased white space around articles, and accompanied opinion pieces with photographs of

9315-546: The male author Evelyn Waugh on its "100 Most Read Female Writers in College Classes" list (he was 97th on the list). The error created much media attention and concerns about the level of basic education among the magazine's staff. Time later issued a retraction. In a BBC interview with Justin Webb , Professor Valentine Cunningham of Corpus Christi College, Oxford , described the mistake as "a piece of profound ignorance on

9430-465: The most important tourist destination in the country. Cape Town has been named the best travel city in the world every year since 2013 in the Telegraph Travel Awards. The legacy of apartheid's spatial planning is still evident, with significant disparities between affluent areas and impoverished townships . 60% of the city's population live in townships and informal settlements far from

9545-751: The most racially integrated cities in South Africa. In the 1948 national elections , the National Party won on a platform of apartheid (racial segregation) under the slogan of " swart gevaar " (Afrikaans for "black danger"). This led to the erosion and eventual abolition of the Cape's multiracial franchise . In 1950, the apartheid government first introduced the Group Areas Act , which classified and segregated urban areas according to race. Formerly multi-racial suburbs of Cape Town were either purged of residents deemed unlawful by apartheid legislation, or demolished. The most infamous example of this in Cape Town

9660-486: The mountain. To the immediate south of the city, the Cape Peninsula is a scenic mountainous spine jutting 40 km (25 mi) southward into the Atlantic Ocean and terminating at Cape Point . There are over 70 peaks above 300 m (980 ft) within Cape Town's official metropolitan limits . Many of the city's suburbs lie on the large plain called the Cape Flats , which extends over 50 km (30 mi) to

9775-635: The names "World War I" and "World War II" in 1939, as opposed to older forms like "First World War" and "World War No. 2". The false title construction was popularized by Time and indeed is sometimes called a " Time -style adjective". Since its first issue, Time has had a "Milestones" section about significant events in the lives of famous people, including births, marriages, divorces, and deaths. Until 1967, entries in Milestones were short and formulaic. A typical example from 1956: Died . Lieut, (j.g.) David Greig ("Skippy") Browning Jr. , 24, star of

9890-425: The new currency with a nation's tax accounting can "pose problems", possibly resulting in accounting issues. Other potential problems include the possibility that a particular exchange may cease operating (so persons with credits built up may lose them), as well as the possibilities for error, fraud, and difficulties with dispute resolution which are problems for any trading currency. Focus group research in 1996 on

10005-399: The news of the protests against Bantu Education by organising gatherings and marches of their own. A number of school buildings were burnt down and the protest action was met with forceful resistance from the police. Cape Town has been home to many leaders of the anti-apartheid movement . In Table Bay , 10 km (6 mi) from the city is Robben Island . This penitentiary island was

10120-432: The north to Cape Point in the south, with an area of about 470 km (180 sq mi), and it displays more topographical variety than other similar sized areas in southern Africa, and consequently spectacular scenery. There are diverse low-nutrient soils, large rocky outcrops, scree slopes, a mainly rocky coastline with embayed beaches, and considerable local variation in climatic conditions. The sedimentary rocks of

10235-498: The northern hemisphere) and longitude 18.25° E. Table Mountain , with its near vertical cliffs and flat-topped summit over 1,000 m (3,300 ft) high, and with Devil's Peak and Lion's Head on either side, together form a dramatic mountainous backdrop enclosing the central area of Cape Town, the so-called City Bowl . A thin strip of cloud, known colloquially as the "tablecloth" ("Karos" in Afrikaans ), sometimes forms on top of

10350-527: The number of trades was 700 million; if the system gets more trades than this, it becomes difficult to manage in an administrative sense. Cape Town Cape Town is the legislative capital of South Africa . It is the country's oldest city and the seat of the Parliament of South Africa . It is the country's second-largest city, after Johannesburg , and the largest in the Western Cape . The city

10465-450: The once continuous Table Mountain Group sandstone cover from over the Cape Flats and False Bay, and leaving high residual mountain ridges. At times the sea covered the Cape Flats and Noordhoek valley and the Cape Peninsula was then a group of islands. During glacial periods the sea level dropped to expose the bottom of False Bay to weathering and erosion, with the last major regression leaving

10580-432: The ongoing COVID-19 pandemic in the United States . The magazine's editor-in-chief and CEO Edward Felsenthal explained this decision for a one-time cover logo change as a "rare moment, one that will separate history into before and after for generations". Time for Kids is a division magazine of Time that is specially published for children and is mainly distributed in classrooms. TFK contains some national news,

10695-449: The part of Time magazine". During its history, on seven occasions, Time has released a special issue with a cover showing an X scrawled over the face of a man, a year, or a national symbol. The first Time magazine with an X cover was released on May 7, 1945, showing a red X over Adolf Hitler 's face which was published the week following his death . The second X cover was released more than three months later on August 20, 1945, with

10810-445: The program presented a dramatization of the week's news for its listeners; thus Time magazine itself was brought "to the attention of millions previously unaware of its existence", according to Time Inc.: The Intimate History of a Publishing Enterprise 1923–1941 , leading to increased circulation during the 1930s. Between 1931 and 1937, Larsen's The March of Time radio program was broadcast over CBS radio, and between 1937 and 1945, it

10925-424: The push for self-governance in the Cape. With expansion came calls for greater independence from the UK, with the Cape attaining its own parliament (1854) and a locally accountable Prime Minister (1872). Suffrage was established according to the non-racial Cape Qualified Franchise . During the 1850s and 1860s, additional plant species were introduced from Australia by the British authorities. Notably rooikrans

11040-525: The second half of 2010, Time magazine newsstand sales declined by about 12% to just over 79,000 copies per week. As of 2012, it had a circulation of 3.3 million, making it the 11th-most circulated magazine in the United States, and the second-most circulated weekly behind People . As of July 2017, its circulation was 3,028,013. In October 2017, Time cut its circulation to two million. Time currently has 1.3 million print subscribers and 250,000 digital subscribers. Time initially possessed

11155-693: The shore of Table Bay , the City Bowl area of Cape Town is the oldest urban area in the Western Cape , with a significant cultural heritage. It was founded by the Dutch East India Company (VOC) as a supply station for Dutch ships sailing to East Africa , India , and the Far East . Jan van Riebeeck 's arrival on 6 April 1652 established the VOC Cape Colony , the first permanent European settlement in South Africa. Cape Town outgrew its original purpose as

11270-479: The site of a maximum security prison where many famous apartheird-era political prisoners served long prison sentences. Famous prisoners include activist, lawyer and future president Nelson Mandela who served 18 of his 27 years of imprisonment on the island, as well as two other future presidents, Kgalema Motlanthe and Jacob Zuma . In one of the most famous moments marking the end of apartheid, Nelson Mandela made his first public speech since his imprisonment, from

11385-558: The south, the Cape Flats , the Helderberg basin and part of the Steenbras catchment area to the east, and the Tygerberg hills, Blouberg and other areas to the north. Robben Island in Table Bay is also part of Cape Town. It is bounded by the Atlantic Ocean to the west, and False Bay to the south. To the north and east, the extent is demarcated by boundaries of neighbouring municipalities within

11500-566: The system was initiated, there have been about two and a half million talents traded, which was about 500,000 South African rands, according to one estimate. One estimate suggested that the total value of local exchange trading systems trades worldwide was one billion South African rands in 2004. The CES web site reported that there were 485 exchange groups hosted on its global server at the start of 2013. These were located in 53 countries, with another 37 Australian exchanges on its Australian server. A person wishing to join creates an account with

11615-551: The tax status of Canadian editions of American magazines, Time closed Canadian bureaus, except for Ottawa , and published identical content to the US edition but with Canadian advertising. In December 2008, Time discontinued publishing a Canadian edition. During the second half of 2009, the magazine had a 34.9% decline in newsstand sales. During the first half of 2010, another decline of at least one-third in Time magazine sales occurred. In

11730-416: The transition before Norman Pearlstine succeeded him in 1995. In 1989, when Time, Inc. and Warner Communications merged, Time became part of Time Warner , along with Warner Bros. In 2000, Time became part of AOL Time Warner , which reverted to the name Time Warner in 2003. In 2007, Time moved from a Monday subscription/newsstand delivery to a schedule where the magazine goes on sale Fridays and

11845-525: The west side of False Bay and the Cape Flats. On the east side are the Helderberg and Hottentots Holland mountains. The three main rock formations are the late- Precambrian Malmebury group (sedimentary and metamorphic rock), the Cape Granite suit, comprising the huge Peninsula, Kuilsrivier-Helderberg, and Stellenbosch batholiths, that were intruded into the Malmesbury Group about 630 million years ago, and

11960-488: The worthiness of their contribution. Proponents claim that it is not essentially different from traditional national currencies in the sense that both types of money are in digital form . Advocate Margaret Legum of the South African New Economics Network claimed that the currency comes into existence only when a trade happens and, as a result, there is no risk of inflation or deflation since "there

12075-442: The writers. The changes were met with both criticism and praise. Time ' s most famous feature throughout its history has been the annual "Person of the Year" (formerly "Man of the Year") cover story, in which Time recognizes the individual or group of individuals who have had the biggest impact on news headlines over the past 12 months. The distinction is supposed to go to the person who, "for good or ill", has most affected

12190-479: The years since Apartheid. Cape Town has experienced economic growth and development in the post-apartheid era. The city has become a major economic hub in South Africa, attracting international investment and tourism. The Democratic Alliance (DA), a liberal political party which came to power in Cape Town in 2006, has been credited with improving bureaucratic efficiency, public safety and fostering economic development. Opinion polls show that South Africans see it as

12305-662: Was also named a Time Inc. director and vice president. J. P. Morgan retained a certain control through two directorates and a share of stocks, both over Time and Fortune . Other shareholders were Brown Brothers Harriman & Co. , and the New York Trust Company ( Standard Oil ). After Time began publishing weekly in March 1923, Roy Larsen increased its circulation by using U.S. radio and movie theaters worldwide. It often promoted both Time magazine and U.S. political and corporate interests. According to The March of Time , as early as 1924, Larsen had brought Time into

12420-462: Was broadcast over NBC radio – except between 1939 and 1941, when it was not aired. People magazine was based on Time 's "People" page. Time Inc. stock owned by Luce at the time of his death was worth about $ 109 million ($ 996 million in 2023), and it had been yielding him a yearly dividend of more than $ 2.4 million ($ 21.9 million in 2023), according to Curtis Prendergast's The World of Time Inc.: The Intimate History of

12535-600: Was introduced to stabilise the sand of the Cape Flats to allow for a road connecting the peninsula with the rest of the African continent and eucalyptus was used to drain marshes. In 1859 the first railway line was built by the Cape Government Railways and a system of railways rapidly expanded in the 1870s. The discovery of diamonds in Griqualand West in 1867, and the Witwatersrand Gold Rush in 1886, prompted

12650-480: Was killed, and a fourth red X cover issue was published on May 20, 2011, after the death of Osama bin Laden . A fifth red X cover issue, that of Dec. 14, 2020, had a red X scrawled over the pandemic-hit year 2020 and the declaration "the worst year ever". As of 2024 , the most recent and seventh X cover issue of Time , that of Nov. 11, 2024, features a red X over the face of Yahya Sinwar following his killing by

12765-713: Was met with a poor reception, with criticism that its focus needed to be more broad to be truly personal. The magazine has an online archive with the unformatted text for every article published. The articles were indexed and converted from scanned images using optical character recognition technology. The minor errors in the text are remnants of the conversion to the digital format. In January 2013, Time Inc. announced that it would cut nearly 500 jobs – roughly 6% of its 8,000 staff worldwide. Although Time magazine has maintained high sales, its ad pages have declined significantly. Also in January 2013, Time Inc. named Martha Nelson as

12880-409: Was resolved in 2018. In March 2018, only six weeks after the closure of the sale, Meredith announced that it would explore the sale of Time and sister magazines Fortune , Money and Sports Illustrated , since they did not align with the company's lifestyle brands. In October 2018, Meredith Corporation sold Time to Marc Benioff and his wife Lynne for $ 190 million. Although Benioff

12995-588: Was the first weekly news magazine in the United States. The two had previously worked together as chairman and managing editor, respectively, of the Yale Daily News . They first called the proposed magazine Facts to emphasize brevity so a busy man could read it in an hour. They changed the name to Time and used the slogan "Take Time – It's Brief". Hadden was considered carefree and liked to tease Luce. He saw Time as important but also fun, which accounted for its heavy coverage of celebrities and politicians,

13110-520: Was the head of the Benjamin Franklin Keith theater chain in New England . However, after Briton Hadden's death, the largest Time, Inc. stockholder was Henry Luce, who ruled the media conglomerate in an autocratic fashion; "at his right hand was Larsen", Time Inc.'s second-largest stockholder, according to Time Inc.: The Intimate History of a Publishing Enterprise 1923–1941 . In 1929, Roy Larsen

13225-486: Was the suburb of District Six . After it was declared a whites-only area in 1965, all housing there was demolished and over 60,000 residents were forcibly removed. Many of these residents were relocated to the Cape Flats . The earliest of the Cape Flats forced removals saw the expulsion of Black South Africans to the Langa , Cape Town's first and oldest township, in line with the 1923 Native Urban Areas Act . Under apartheid,

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