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...buttress the pitch for Government aid, the report features a somewhat lurid accounting of what would happen if the company went bankrupt. The total cost to the nation, Chrysler says, would be $16 billion. Some 400,000 workers could not only lose their jobs, but they could also remain unemployed long enough to require unemployment benefits totaling $1.5 billion. As many as 35,000 workers, most of whom are black, could be laid off in Detroit alone. Yet these estimates seem exaggerated, because it is highly unlikely that the company would ever shut down totally. At worst some plants would...

Author: /time Magazine | Title: Business: Driving for a Rescue Deal | 9/24/1979 | See Source »

There was very little in the news to buttress the President's buoyancy. The latest Consumer Price Index showed that inflation was running at an annual rate of 13%-the highest such rate in more than four years. A new Gallup poll indicated that Democrats prefer Senator Edward Kennedy by a hefty 58% to 31% over Carter as the nominee of their party in 1980. The oil companies were pressuring Congress to gut Carter's proposal for a tax on windfall profits when oil prices are decontrolled in June. And though at week's end negotiations between...

Author: /time Magazine | Title: Nation: He Can Catch Fire | 5/7/1979 | See Source »

...emissary of the President" to King Khalid, Crown Prince Fahd or another member of the Saudi royal family. He conceded that such a warning would be unwelcome to the Saudis, but thinks that they might grudgingly take it to heart. Indeed, Akins cites a fascinating historical footnote to buttress his point: "There are many Saudis who believe, and mind you, this is not true, that it was the pressure that President Kennedy put on King Faisal that resulted in the move toward liberalization of society in Saudi Arabia...

Author: /time Magazine | Title: Special Report: Searching for the Right Response | 3/12/1979 | See Source »

...within the Western world. In it one can see a classical period in which the works of Phillis Wheatley were most conspicuous. In Williams Wells Brown's Clotel we see the emanation of a Romantic tradition, and in his case he used arguments made by Voltaire and Rousseau to buttress his condemnation of slavery. In Charles Chestnutt's work we see a literature of Realism, and in the work of Richard Wright we see aspects of Naturalism and, later on, attempts at existentialist ideas. In Toni Morrison we find a complex attempt at socio-psychological realism, which attempts to examine...

Author: By Selwyn R. Cudjoe, | Title: Afro-American Lit (Cont.) | 3/7/1979 | See Source »

...bolster the confidence of such apprehensive allies, Defense Secretary Harold Brown left last week on a ten-day tour of the Middle East. Among other matters, he would like to seal arrangements with Saudi Arabia to provide $200 million in military aid to buttress North Yemen against any possible incursions from the pro-Moscow regime in South Yemen. The U.S. also hopes to elicit a reaffirmation of continued Saudi financial aid for Egypt. In addition, the Administration is focusing on ways to enhance U.S. ties with Riyadh. Any tangible decline in U.S.-Saudi relations might force Egyptian President Anwar Sadat...

Author: /time Magazine | Title: IRAN: A Government Collapses | 2/19/1979 | See Source »

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