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...touches of capitalism have crept back into the state-controlled Cuban economy. After fulfilling state quotas, peasant farmers and artisans are now permitted to sell their surplus goods at free-market prices. As a result of the mild free-enterprise revival, some Cubans have more pocket money to spend these days, and the government allows personal savings accounts of up to $2,000 to earn 2% interest. Higher returns are forbidden, says a Cuban banker, because "we don't want people living off their interest...

Author: /time Magazine | Title: Cuba: From Spontaneity to Stagnation | 1/16/1984 | See Source »

Harvard scored twice within two minutes in the second period to claim a two-goal advantage and grab a decisive grip on the contest. But the offense stopped there, and half-way through the third period Northeastern crept to within one. The momentum switched suddenly...

Author: By Mike Knobler, | Title: Icemen Take a Little Off the Top, 4-2 | 12/7/1983 | See Source »

...first, the North American visitors ignored the uncompleted airstrip, but they certainly took advantage of one of Grenada's many scenic beaches. A group of U.S. Navy Seals, trained in special seaborne operations, slipped silently ashore under the cover of darkness. Weapons in hand, they crept up the hill overlooking the quaint 18th century city of St. George's. They rushed toward Government House, where Sir Paul Scoon, the island's British-appointed Governor-General, had been held under virtual house arrest by Grenada's revolutionary Marxist military leaders. Driven back at first by gunfire from...

Author: /time Magazine | Title: D-Day in Grenada | 11/7/1983 | See Source »

...voracious demand for oil increasingly outstripped new sources of supply in recent years, an energy crisis crept up on the world with fateful inevitability. Yet, despite spreading signs of scarcity, most government leaders in the U.S., Europe and Japan paid little heed to calls from oilmen for urgent measures to expand energy resources and curb waste. Instead, they chose to believe that there was time to formulate some painless strategy to avert a genuine global emergency...

Author: /time Magazine | Title: THE WORLD 1973: Black October Old Enemies At War Again: Yom Kippur War | 10/5/1983 | See Source »

...Kippur, the solemn Jewish holy day, when Connecticut State Representative Joan Kemler, stirred by the smell of smoke, crept downstairs. Flames were shooting through the living-room wall of her West Hartford home. She quickly routed her husband. Surgeon Leonard Kemler, and their two children to safety and summoned the fire department. Police found two liter-size plastic soda bottles propped against the two-story home; they had been filled with a flammable liquid, possibly gasoline. "It definitely was a case of arson," said Police Chief Francis Reynolds...

Author: /time Magazine | Title: Worst Fears | 10/3/1983 | See Source »

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