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...follow suit. The action, reflecting a steady tightening of money by the Federal Reserve Board, substantially increases the risk of a credit crunch and a deeper economic downturn next year than most experts were forecasting a few months ago. The hike is certain to pull up other rates and dampen spending by boosting the cost of corporate loans and, eventually, of consumer borrowing...

Author: /time Magazine | Title: Business: Of Climb, Crunch and Slump | 10/23/1978 | See Source »

...took notes. Both sides, however, hope that the disagreement will become academic. Says a U.S. diplomat: "In the next three months, everybody understands that no new settlements can be allowed to interfere with the peace talks. After that, we don't think the Israelis will want to dampen in enthusiasm of West Bank and Gaza Palestinians to participate in self-rule." To anticipate such enthusiasm among the Palestinians may be a bit of wishful overstatement. Moreover, the degree of Israeli concern for West Bank Palestinian aspirations remains to be seen. But deciding how Palestinian self-rule will come about...

Author: /time Magazine | Title: World: The Unsettled Settlements Issue | 10/16/1978 | See Source »

...Many people forget the two near-disasters within the last 12 years: in 1966 the Fermi reactor near Detroit suffered a partial meltdown; in 1974 the Browns' Ferry reactor in Alabama went completely out of control when a careless maintenance worker started a fire among the cables used to dampen the reaction, knocking out both the primary and secondary safety systems. Plant engineers later said it was a miracle that they managed to regain control over the reactor before it blew up completely. The point of this book is simply to inform the reader that a total meltdown might happen...

Author: By Andrew Multer, | Title: Your Friendly Neighborhood Nuke | 10/2/1978 | See Source »

Johnna was already there. Jack Kirkland's death two months after Gelsey's 16th birthday momentarily brought the sisters together but did not dampen a long-simmering rivalry between the two. Gelsey's determination to be a better dancer than anyone else definitely included Johnna. Soon the sisters did not speak. Balanchine apparently did not help matters. Johnna remembers him asking Gelsey, "Why can't you do an adagio like your sister? Go home with your sister and have her teach you how to do an adagio." Johnna was told to learn jumping from Gelsey. The result was predictable. Says...

Author: /time Magazine | Title: Dance: U.S. Ballet Soars | 5/1/1978 | See Source »

...they "interested" in being nurses and not doctors? Secretaries, not executives? The prospect of entering a field in which only a minute number of women attain success would be enough to dampen any woman's interest...

Author: By Susan C. Stokes, | Title: Responding to 'Sexism' . . . | 3/14/1978 | See Source »

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