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...common view abroad was that the President omitted the two key elements: decontrol of U.S. crude oil prices so that domestic gasoline and heating fuel prices would rise to world levels (Americans still pay less than one half as much for gasoline and fuel oil as Europeans) and an emphasis on expanding nuclear energy. Commented Switzerland's Journal de Geneve: "The President feared, not without reason, that decontrol would push U.S. inflation to an intolerable level. But that also would have been a return to truth in pricing, which is the basis of American capitalism...

Author: /time Magazine | Title: Nation: Slumping to a New Low Abroad | 7/30/1979 | See Source »

...public sense of crisis brought on by the exasperating gasoline lines gave the President the chance to win bold action on long-range plans. That sense of crisis is ebbing rapidly, and gasoline lines are shortening drastically as a result of Saudi Arabia's decision to increase crude production. The less the feeling of urgency, the greater the opportunity for quarreling special interest groups to pick the program apart...

Author: /time Magazine | Title: Business: Costly, Complex | 7/30/1979 | See Source »

Even if Congress rejects some parts of Jimmy Carter's ambitious new design, the rising price of petroleum seems destined to awaken the nation from its energy stupor. As the cost of crude climbs, more and more technologies-some of them new and exotic, others as familiar as moonshine stills and windjammer sailing ships-are beginning to come on stream to conserve fuel and produce energy for the 1980s from unconventional sources. Clever inventors and canny investors see prospects of becoming instant energy millionaires. Long stagnant industries such as coal and steel stand to recover and prosper. Resource-rich...

Author: /time Magazine | Title: Business: Impact of Dozen-Digit Spending | 7/30/1979 | See Source »

...performances of Lulu's successive lovers vary according to how skillfully Wedekind wrote the parts. Christian Clemenson is delightfully boorish as the crude Dr. Goll. His braying inanities lighten the otherwise disjointed first act. Brian McCue's portrayal of Scwarz, however, is uneven, improving considerably from the first act to the second. When he first meets Lulu in the opening of the play, McCue relies too much on a series of mannerisms--rising on his toes, rubbing his hands, pacing around briskly--that distract attention from his passionate words. Japes Emerson turns in a sporadic performance, though he is cursed...

Author: By Susan D. Chira, | Title: Clever But Cold | 7/24/1979 | See Source »

...make-out party, a racial confrontation in a classroom. Sometimes the ten sion is flecked with humor. When the chief Wanderer (Ken Wahl) and his nebbishy sidekick (John Friedrich) get particularly horny, they go to hilariously elaborate lengths to press the flesh of neighborhood women. The laughs are crude, but in character...

Author: /time Magazine | Title: Cinema: Showing Off | 7/23/1979 | See Source »

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