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...most issues Anderson talks more like a Democrat than a Republican. Opposing a significant increase in defense spending, he objects to the MX missile, the B-l bomber and the building of another nuclear carrier. He supports the Equal Rights Amendment and federally funded abortions. He backs the Panama Canal Treaties and SALT II. He has committed the unthinkable act for a presidential candidate of proposing a 50?-per-gal. tax on gasoline to reduce consumption. That would be offset by a 50% cut in Social Security taxes. "What we need," he says, "is not the quick, easy...

Author: /time Magazine | Title: Nation: A Cry to Pierce The Gray | 1/7/1980 | See Source »

...could no longer put their faith in those two old reliables, technology and economic theory. The failings of technology were exposed by the radioactive clouds rising from Three Mile Island, the flames spitting from the DC-10 that lost an engine over Chicago, the poisons seeping into the Love Canal. The frustrations of economic theory were revealed by the inability of the disciples of John Maynard Keynes, the British economist whose market-manipulating philosophies have dominated policymaking since the 1950s and 1960s, to deal with the stagflation realities of laggard growth, runaway prices and receding productivity in the post-industrial...

Author: /time Magazine | Title: Business: Now a Middling-Size Downturn | 12/31/1979 | See Source »

...Moonrise, Hernandez, New Mexico sold last week for a record $22,000. "We can see the day when a single photograph will fetch $100,000," says Philippe Garner, a Sotheby's photographic expert. Almost any object from the once scorned 19th century now seems as precious as Suez Canal Co. stock was in its heyday. Twenty years ago, a New York dealer reminisces, "people were giving away Victorian furniture for wood scrap." Today those otherwise indestructible pieces, long derided by the English as "chocolate" (they are Hershey brown), still cost less than glued-and-screwed contemporary furniture-but probably...

Author: /time Magazine | Title: Going... Going... Gone! | 12/31/1979 | See Source »

...against Egypt by other Arab nations after the peace treaty signing, Cairo can easily meet its foreign exchange needs. The largest source of funds is the money sent home by Egyptians working abroad; this will total $2 billion in 1979, up from just $200 million six years ago. Suez Canal revenues will bring in $600 million and could rise to $1 billion a year by 1982, after the waterway is widened to allow two-way traffic. Another burgeoning source is tourism, which will yield $700 million this year...

Author: /time Magazine | Title: Business: Egypt's Promise of Peace | 12/24/1979 | See Source »

...Jerusalem and Cairo. Still, some top Egyptians believe that the boycott will not last long, and may be softening already. In November, says one Sadat aide, the Saudis began sending "signals" that they would not undermine Egypt or the peace treaty; they would go on shipping oil through the canal and the Suez-Mediterranean pipeline, and the $2 billion that they and Kuwait have in the Central Bank of Egypt would not be pulled out. The reason, says the aide: "The Saudis shudder at what is happening in Iran. They are beginning to understand the meaning of peace...

Author: /time Magazine | Title: Business: Egypt's Promise of Peace | 12/24/1979 | See Source »

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