Word: closed
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Dates: during 1970-1979
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...former leftist journalist seized power last April in a Soviet-backed coup, he has been pestered by mounting tribal and religious insurgency in the rugged eastern Afghan mountains. Now the rightist Muslim rebels, perhaps emboldened by the Shi'ite success in Iran, have shown they could strike close to home. The perverse tragedy of Spike Dubs was that guerrillas fighting a pro-Soviet regime had picked an American to show the world their rebellion...
...Rhodesian resort area near Kariba Lake, close to the Zambian frontier, once seemed far removed from the cruel realities of the guerrilla conflict that has taken the lives of 12,000 black and white Rhodesians over the past six years. But last September, in one of the war's grislier episodes, an Air Rhodesia plane on a flight out of Kariba airport to Salisbury was shot down by guerrillas using a Soviet-made SAM7 heat-seeking missile. Ten of the 18 survivors were then murdered on the ground. Last week death again struck Kariba holidayers...
When the Franco-British grocery and newspaper baron Sir James Goldsmith bought the French weekly L'Express in 1977, he promised to leave editorial policy in the practiced hands of Editorial Director Philippe Grumbach whose center-right leanings contributed to the magazine's close ties to President Valéry Giscard d'Estaing. But a year later, says Grumbach, when it looked as if a Socialist-Communist coalition might come to power (it did not), Goldsmith began shopping for an editor more sympathetic to the left. Grumbach was kicked upstairs into an executive job sans power, secretary...
True enough, the 30 stocks in the Dow Jones industrial average have not performed nearly so well as gold in the 1970s. They have lost close to 8% in value. But that hardly means that gold, which pays no dividends, would have been a better play. It was illegal for Americans to own gold until 1975, and by that time foreign speculators, anticipating an immediate rush into gold, had bid it up to nearly $200 per oz. At that level, investors remained wary, and within a year the metal slumped to about half its value. Meanwhile, the Dow Jones average...
Limericks: Too Gross (Norton, $7.95 hardcover). Asimov the poetaster and John Ciardi the poet might seem like an odd couple. But the two, who first met at a writers' conference, are close friends. They are also competitors and over the past several years have tried, with limited success, to top each other at composing limericks. The result of their 1978 Shootout is a book in which each offers 144 of the five-liners. One of Ciardi's milder offerings reads: "Said a voice from the back of the car,/ 'Young man, I don't know...