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...will ultimately destroy the sinews of society: when money loses its value, the wise spend and speculate, while only fools save and invest. The public turns cynical about government, and everything, especially work, appears meaningless. Describing the impact of runaway inflation in 1791 during the French Revolution, Chronicler Louis Blanc later wrote: "Commerce was dead; betting took its place." History's great inflations have almost always been followed by a dictator who promised among other things to restore the currency's value. Napoleon, Hitler and Mao Tse-tun all rode the power on the back of huperinflation...

Author: /time Magazine | Title: Business: Hyping the Inflation Rate | 3/10/1980 | See Source »

...Sauvignon that sells for up to $20 a bottle. Under Dutch-born Winemaster Theo Rosenbrand, Sterling plans to increase production from 65,000 cases a year to 90,000 by 1985, at the same time narrowing its range of varietals to concentrate on Cabernet Sauvignon, Merlot, Chardonnay and Sauvignon Blanc. Its 1976 Cabernets and Pinots Noirs will be released this month, but should be put down for at least two years before they are uncorked. Sterling is probably the only winery in the world where visitors board an aerial tramway en route to the sampling room; they get an intoxicating...

Author: /time Magazine | Title: Living: Small Sellout Vineyards | 1/14/1980 | See Source »

...Loren Le Blanc...

Author: /time Magazine | Title: Letters, May 28, 1979 | 5/28/1979 | See Source »

Sure enough, when Murty tried to move his stock out of France, the shipment was blocked by Jean Romanet, head of the Jockey Club, and by Henri Blanc, of the state-owned National Stud. For reasons still murky, they refused to sign export licenses, claiming that they were acting under orders from the Agriculture Ministry. But ministry officials denied any knowledge of the affair, says Murty. At about this time the National Stud received a donation from the Aga Khan of three stallions, worth at least $90,000. Says Murty: "I believe the Aga Khan gave the stallions...

Author: /time Magazine | Title: FRANCE: A Horse Opera | 5/28/1979 | See Source »

Mike Milbury shone on the blueline in the quarters; he and Brad Park will try to hold back the waves of bleu, blanc et rouge so Cherry Cheevers won't have to play miracle man. He will, but it won't be enough. Montreal in six. Again. Islanders vs. Montreal. Enjoy the appetizers...

Author: By Jim Hershberg, | Title: Two Semi-Tough Series Begin Tonight | 4/26/1979 | See Source »

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