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Public posturing and backroom politicking began within hours after the results were in. The first matter on the agenda when the new Parliament convenes in Strasbourg on July 17 will be the choice of a president. Willy Brandt, who campaigned across the continent for his Socialist colleagues, had been considered...

Author: /time Magazine | Title: EUROPE: Forum of Political Stars | 6/25/1979 | See Source »

Stockpiles of these so-called distillate fuels are dangerously low, down some 15% from a year ago, and they will not be replenished quickly because the Administration is urging oil companies to step up their refinery runs of gasoline instead. The $5 subsidy is supposed to help ease the pinch...

Author: /time Magazine | Title: Business: Now the Heating Fuel Furor | 6/18/1979 | See Source »

If Europeans were to "stop a moment" as Schmidt asked on the 30th anniversary, they might see through the clear glass of the present that the postwar achievements of West Germany he listed are already far more than anybody could have expected. Even those Europeans who quibble with Bonn's...

Author: /time Magazine | Title: Leading from Strength | 6/11/1979 | See Source »

Europeans, who traditionally seek refuge in gold during days of crisis, are buying enthusiastically because the Continent has been hit by energy-induced inflation. During the first quarter, prices rose at an annual rate of 9% in Switzerland and 9.6% in West Germany, weakening their strong currencies. So far this...

Author: /time Magazine | Title: Business: Ingot We Trust | 6/11/1979 | See Source »

The amazing exception happens to be the U.S., a nation that pioneered in railroading with more vigor and daring than any other in the 19th century. It also did so on a grander scale, binding an immense continent with tracks and producing trains of such magnificence that they moved Nathaniel...

Author: /time Magazine | Title: Time Essay: The Sad State of the Passenger Train | 5/21/1979 | See Source »

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