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...year of .economic recovery. Carter might have recognized that this would be grossly inflationary-and that leaders of business and labor would post higher prices and press for steeper wages just to keep up. Robert Strauss, who was Carter's anti-inflation czar until last week, strong-armed coal mine operators last March to accept a highly inflationary contract (39% increases over three years). Carter might have recognized what would happen: every other union leader, just to prove his manhood and keep his job, would strive to equal or top that figure. Blumenthal, Strauss and Carter himself repeatedly...

Author: /time Magazine | Title: Time Essay: What Might Have Been | 11/6/1978 | See Source »

...economy has dwindled toward disaster. Landlocked, Zambia needed transit routes through Rhodesia to southern Africa's ports for its main export, copper. After the boycott closed the Rhodesian borders, scarce alternative routes disappeared, world copper prices declined, and Zambia began running short of food, machinery, oil fertilizer, soap and coal. Inflation ballooned to 30%, fueled partly by expensive airfreight shipments to speed goods, and foreign debt climbed to $1.5 billion...

Author: /time Magazine | Title: ZAMBIA: The Great Railway Disaster | 11/6/1978 | See Source »

...make "gentlemen." The student lounging in the Junior Common Room of one of the Oxford colleges (often medieval in origin), taking afternoon tea (provided by the college butler) and resplendent in T-shirt and jeans, may be the son of a lord, a nouveau riche city businessman or a coal miner: you won't automatically be able to tell which. Course-work may be specialized and conservative--but it is leavened by the drama, debating, music, sports, and politics groups that English students throw themselves into in pursuit of our reputation as "gifted amateurs." The average English student's liberal...

Author: By Gordon Marsden, | Title: Behind the Gowns | 10/31/1978 | See Source »

Their decision, Soviet energy experts told a group of U.S. journalists visiting their power plants and physics laboratories, has not been taken casually. As they see it, the U.S.S.R. has no choice. Though the country's coal reserves are the world's largest, they lie mostly in Siberia. Mining this coal is costly; transporting it thousands of miles to the main cities is difficult; burning it in large amounts will cause environmental problems. Oil is not the answer either; the U.S.S.R. is so desperate for hard currency that it sells much of its oil abroad. It is also...

Author: /time Magazine | Title: Energy: Soviets Go Atomaya Energiya | 10/30/1978 | See Source »

...Soviets are trying to improve the efficiency of their coal and natural gas power plants through magnetohydrodynamics, or the use of powerful magnets to help generate electricity. In the process, a current-conducting plasma, or superheated gas, is passed through a powerful magnetic field that heats it even further, and then is used to generate steam to drive a turbine...

Author: /time Magazine | Title: Energy: Soviets Go Atomaya Energiya | 10/30/1978 | See Source »

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