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...officially endorses the monetary union as an important step toward the integration of Europe. In the short run the plan should help the dollar. Reason: European governments will usually not sell dollars in attempts to lift their own currencies and that will relieve downward pressure on the greenback. Instead, these countries will sell other European currencies...

Author: /time Magazine | Title: Business: Europe's New Money Union | 12/18/1978 | See Source »

...they weren't." At that moment, Deputy Mayor Rudy Nothenberg arrived for an 11 a.m. appointment with Moscone. Nothenberg looked in the mayor's office, did not see him, and walked into the small rear room. He saw the mayor lying on the floor, his head facing downward between the couch and a coffee table, his body bleeding badly...

Author: /time Magazine | Title: Nation: Another Day of Death | 12/11/1978 | See Source »

This year the curves turned downward, while costs, notably postal expenses, were climbing. Advertisers defected to healthier general-interest magazines or promising publications aimed at specialized audiences. At the same time readers slipped off to the unlettered self-absorption that has characterized the 1970s. Indeed, New Times may have been too good for them all along. As Hirsch saw it, "Back in the Watergate days things were working better for us. Now there aren't so many people interested in investigative reporting, the environment, social and political issues. Where did they go? Well, where did all the people...

Author: /time Magazine | Title: Press: Final Tribute | 11/27/1978 | See Source »

Blumenthal vigorously disputes the idea that last week's Government actions made a recession inevitable. He contends that the downward spiral of the dollar and stock market was mostly a result of a "perverse psychological climate." The President's shock treatment, he predicts, "will turn the situation around." It will give business leaders and consumers confidence that Carter intends to be tough in defending the dollar and fighting inflation, so that they will go on buying and investing. That view has some support even among businessmen who concede that the new program will cause them some trouble. Robert Corson, treasurer...

Author: /time Magazine | Title: To Rescue the Dollar | 11/13/1978 | See Source »

Crack, crack, crack! The chutes snap open, blossoming in the sky like popcorn. They are a far cry from the old rounded canopies of World War II. Brightly colored, they are designed to allow the jumpers to maneuver on the way to earth. They float downward for two, maybe 2% minutes. Then they are upon you, the suspended jumpers emitting war whoops because it went well, they have made a good dive, and maybe because they are high on their own adrenaline and they feel so good. "We're all adrenaline junkies," says a jumper...

Author: /time Magazine | Title: Sport: Catch a Falling Snowflake | 11/13/1978 | See Source »

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