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Margaret's roller-coaster romantic history goes back to the 1940s, when, as a coltish teenager, she developed a serious crush on Group Captain Peter Townsend, a handsome World War II flying hero and aide to King George VI. The crush developed into a full-fledged romance. When she was in her mid-20s, and Townsend had divorced his wife, a wedding seemed to be the next thing on Margaret's agenda. But Queen Elizabeth, as head of the Church of England, could not sanction the marriage of her younger sister, then third in line to the throne...

Author: /time Magazine | Title: The World: Royal Bust-Up In London | 3/29/1976 | See Source »

These woes climax an unusual period in which the world's major economies have been moving in concert on a wild roller-coaster course. First, in 1972, all the leading economies swung into a boom at the same time-a boom that, combined with poor harvests and price gouging later by the Organization of Petroleum Exporting Countries, aggravated global inflation. By early 1974, price increases in the OECD nations reached an unsustainable compound annual rate of 16.8%. Then, as one government after another moved to curb inflation by dampening demand, all the key economies rapidly tumbled into recession...

Author: /time Magazine | Title: Business: Seeking an End to the Global Slump | 11/17/1975 | See Source »

...battle-weary people of Lebanon have been riding a psychological roller coaster for the past six months. Their hopes for peace have soared when it seemed that the factional, sectarian fighting between left-wing Moslems and right-wing Christians might halt; they have plunged when violence again erupted. Last week was typical. As yet another attempt at a truce seemed to be taking hold at the start of the week, some of the sand and cement barricades in Beirut were pulled down. Militiamen from both sides poured out of their strongholds; some embraced and even kissed one another. Banks reopened...

Author: /time Magazine | Title: LEBANON: Living on the Roller Coaster | 10/27/1975 | See Source »

...days, one of the nation's most storied families had oscillated between frustration and faith, resignation and hope. It was the kind of roller-coaster existence all relatives of kidnap victims must endure, but for the Randolph Hearsts, somehow, everything about the ordeal seemed more extreme...

Author: /time Magazine | Title: The Nation: A Family's Ordeal | 9/29/1975 | See Source »

Last week in efforts to smooth out the roller coaster and placate critics. President Ford moved to regulate future U.S.-Russian grain deals. He dispatched a high-level negotiating team to Moscow to try to work out stable, long-term grain purchase agreements; the group is headed by Charles Robinson, Under Secretary of State for Economic Affairs. To allow time for the negotiations, Ford also extended for a month, until Oct. 15, the moratorium imposed last month on additional grain sales by Agriculture Secretary Earl Butz...

Author: /time Magazine | Title: TRADE: Avoiding a Grain Drain | 9/22/1975 | See Source »

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