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...start on Wall Street, first as a correspondent and later as a front-page editor for the Wall Street Journal (which is singled out in this week's Press section as one of the ten best newspapers in America). No skeptic about the reality of the energy crunch, Church had a lengthy debate with his conscience last week when wet snow started to fall on his Dix Hills, L.I., home, 40 miles from the Time & Life Building. "I've been trying not to drive to work any more," he says, "but the trains were unreliable, and after...

Author: /time Magazine | Title: A Letter From The Publisher, Jan. 21, 1974 | 1/21/1974 | See Source »

This is the only form of mass transportation to have to bear the full crunch of the Administration's mishandling of the energy squeeze...

Author: /time Magazine | Title: Letters, Jan. 21, 1974 | 1/21/1974 | See Source »

...capita annual income estimated at $125, Nigeria needs all the oil and gas revenues it can get. But Gowon has no intention of rushing the oil bonanza. To husband reserves, he is limiting production increases to the 1% per month maximum he decided was prudent long before the energy crunch. Moreover, the oil revenues give Gowon a strong hand in keeping the twelve states in line. By doling out profits to all, he keeps a firm grip on the purse strings and the pattern of economic growth...

Author: /time Magazine | Title: NIGERIA: Winning Peace and Prosperity | 1/21/1974 | See Source »

...energy emergency is clobbering Japan's economy and currency. Last week the government ordered businessmen and consumers to reduce oil and electricity use by 15% from last year's limits. Already newspapers and magazines are dropping pages, and broadcasting hours are beng cut after midnight. The crunch will be a major test for Yoshichika Nakahata, 63, who, after 39 years with almost every department from television accounts to art and copy, was named Dentsu's president in November. Noted more for administrative skill than for creative flair, Nakahata vows to lead the company with "the energy...

Author: /time Magazine | Title: ADVERTISING: No. 1--for a While | 1/21/1974 | See Source »

...Sagan, it is scientifically possible for Mars to harbor "macro-organisms" the size of polar bears, who crunch rocks for water, sport silicon skins to protect themselves against deadly sunburn, and hibernate for thousands of years at a stretch. Sagan also contemplates astro-engineered civilizations so far advanced that their accomplishments would seem to us "indistinguishable from magic." He can easily imagine intergalactic, rapid-transit routes where "an object that plunges down a rotating black hole may re-emerge elsewhere and elsewhen-in another place and another time...

Author: /time Magazine | Title: Books: Spaced Out | 1/21/1974 | See Source »

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