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...crunch as U.S. automaking. Mainly because of scarce gas and exploding prices, car sales have skidded from an annual rate of about 12 million units in March to roughly 10 million today, a drop of 26% from last year's record mid-June pace. A main contributor to the slump is buyers' snubbing of luxury and even standard models, while the demand for fuel-thrifty small cars is far outstripping Detroit's ability to produce them. Buyers are increasingly turning to Toyotas, Volkswagens and other economically operated foreign makes, which now account for nearly a quarter...
...best-known portrait photographers; after a brief illness; in New York City. Born to Jewish parents in Latvia, Halsman spent ten years as a successful fashion photographer in Paris before fleeing to the U.S. in 1940, one step ahead of the Nazis. In New York, he became a frequent contributor to Look, the Saturday Evening Post and LIFE, for which he did more covers (101) than any other photographer. Three of his portraits-of Albert Einstein, John Steinbeck and Adlai Stevenson-appeared on postage stamps. These and others of John Kennedy and Winston Churchill are so indelible that one critic...
...excused for a little nervous clearing of the throat, perspiration on the palms and other involuntary manifestations of the trembles at the assignment: a cover story on Russell Baker, the humor columnist who writes so deftly himself that he won this year's Pulitzer Prize for commentary. But Contributor John Skow did not flinch. Says Skow: "I've followed Baker's column since he started it 17 years ago. You can tell merely by reading him that he's a very approachable...
...Contributor Richard Schickel, who wrote the story that precedes Rich's interview, has reviewed films for 14 years, long enough to have assayed every Woody Allen production since Take the Money and Run. Schickel first met Allen in 1963, when the comic did his stand-up routine on a TV show where Schickel was book critic. In this week's issue, Schickel examines Allen's maturation as a film maker on the eve of his latest and perhaps greatest triumph, Manhattan. To this task Schickel brings his experience not only as critic, but also as film maker...
...billions of oil dollars in European banks eagerly seeking investment opportunity, and with the declining value of the dollar, they can be invested nowhere more profitably than in the United States. As any real estate broker could tell you, to some extent they are. Nevertheless, the second greatest contributor to our balance-of-payments deficit, after oil, is short-term capital overflow. The problem, again, is not the generating of enough capital. It is keeping it here...