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...thrash out details of the proposed system. At its core would be the European Currency Unit, or ECU, whose value would be based on a "basket" of European currencies in which the German mark would weigh the most heavily. The ECU would be not a bill or a coin but a series of accounts that member governments would use. European currencies would be allowed to fluctuate around the ECU in a narrow band of 1% either way, and the ECU would float against the dollar. Moreover, when member nations intervened on foreign-exchange markets to support or depress their...

Author: /time Magazine | Title: Business: Mark? Franc? No, It's ECU | 8/7/1978 | See Source »

...coin a phrase, the end of an era. Cronin's Bar and Restaurant, considered by many students to be one of Cambridge's landmark watering holes, has sold last week to the owner of the Swiss Alps restaurant, Eric Imhof...

Author: By Stephen A. Labaton, | Title: Cronin's Bar Changes Hands; New Owner Plans Renovation | 7/18/1978 | See Source »

Though the occupation may be, as Israel argues, "as benign as such a military operation can be," it was encouraging to have the article present the other side of the coin-the implications and ramifications of the emotionally debilitating presence of the Israeli occupation troops...

Author: /time Magazine | Title: Letters, Jul. 10, 1978 | 7/10/1978 | See Source »

...depressing, you think, as your bus finally rounds the corner of Sutphin Boulevard and whines to a stop in front of the bar, barely missing one of the derelicts lying along the curb. Your token chuckles down the coin slot and you sit back in the plastic seat, comfortable for the first time in an hour. The doors close and you are on your way to the airport, heading away from all those cold quiet faces and their insistent stares...

Author: By Francis J. Connolly, | Title: The End of the Line | 7/7/1978 | See Source »

...concert, the jalopy and the drag racer, white bucks and black leather jackets-for a while in the '50s, two ways of being a teen-ager existed side by side. The poignancy of Grease derived from that juxtaposition: Can sweet Sandy, representing the Sandra Dee side of the coin, find happiness with dangerous Danny, the dark, flip side of it? Kleiser simply flattens out this conflict. It is possible, of course, that Olivia Newton-John does not have it within her to portray a girl deeply tempted to break out of her square cultural mold, but we know that...

Author: /time Magazine | Title: Cinema: Black Hole | 6/19/1978 | See Source »

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