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...Ring Announcer Chuck 'Hull proclaimed, and absolute silence fell over the plush Las Vegas boxing emporium where Muhammad Ali and Leon Spinks had struggled through 15 lashing rounds to claim sport's most special crown. "Judge Art Lurie: 143-142, Ali. Judge Lou Tabat: 145-140, Spinks. Judge Harold Buck: 144-141." A pause, a breath in that utter stillness and then: "The new Heavyweight Champion of the World, Leon Spinks...

Author: /time Magazine | Title: The Greatest Is Gone | 2/27/1978 | See Source »

...boiler technological science fiction that flourished in the '30s, as exemplified by the novels of E.E. "Doc" Smith, from whose "Lensman" books the convention takes its name. Many SF fans seem to look back fondly to this era of "space opera," and resent its being dismissed as "that old Buck Rogers stuff." At the same time, this genre has been revived, updated a bit and popularized by the movie "Star Wars...

Author: By Scott A. Rosenberg, | Title: Close Encounters In Beantown | 2/22/1978 | See Source »

Under the new Executive order, responsibility for CIA and other intelligence operations is clearly lodged with the President and his top aides. Presidential passing of the buck for any unsavory covert activities will now be much harder, if not impossible. The National Security Council remains at the top of the intelligence pyramid. Two of its committees, set up last year by NSC Director Zbigniew Brzezinski, will have expanded powers. The Policy Review Committee will continually examine all intelligence operations. Chaired by Turner, the committee will include the Vice President; the Secretaries of State, Treasury and Defense; the National Security Adviser...

Author: /time Magazine | Title: Shaping Tomorrow's CIA | 2/6/1978 | See Source »

...news that the Administration tried, unsuccessfully, to get NASA to open a UFO investigation. Had Jimmy Carter fallen under the Close Encounters spell? Not at all. The White House, weary of having to deal with its own heavy load of UFO mail, was just trying to pass the buck...

Author: /time Magazine | Title: Americana: Encounter Therapy | 1/30/1978 | See Source »

...foreign currency markets to keep the value of the dollar from sinking too fast has halted the rapid decline of the greenback, at least temporarily. But some foreign moneymen think that the U.S. is being too timid in buying up unwanted dollars. Meanwhile, the effort to bolster the buck is having unfortunate side effects. In order to make U.S. currency more attractive to foreign investors, the Federal Reserve Board has raised American interest rates another notch.* It boosted the discount rate, the charge imposed on Federal Reserve loans to member banks, by a half-point, to 6½%, and raised...

Author: /time Magazine | Title: Business: Some Good News on Jobs | 1/23/1978 | See Source »

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