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...Committee, Burns contended that the U.S. has a responsibility "to protect the integrity of our currency"-an apparent call for intervention in money markets to keep the dollar's value stable. Burns raised what most economists agree is the most serious danger of permitting the dollar to float downward: a cheapened dollar boosts the price of imports and fuels domestic inflation. Some economists also fear that a weakening of the dollar-the currency used by many nations for oil purchases-will prompt oil-producing nations to seek even higher world prices...

Author: /time Magazine | Title: MONEY: Flare-up at Yawning Gap | 8/8/1977 | See Source »

...movie), which is indicative of the scriptwriters' skill in making connections and telling a story. The movie makes little sense; with its atmosphere of grimy, relentless boredom, it provides even less pleasure. Billy Friedkin directed The French Connection, then he directed The Exorcist; with Sorcerer, he accelerates this downward trend...

Author: By Fred Hiatt, | Title: A Splatter of Blood | 7/12/1977 | See Source »

...dozen people had already boarded Flight 972 bound for Kennedy, and another dozen were waiting in line as the helicopter's five-blade rotor whirled 17 ft. above their heads. Gradually the big blue-and-white helicopter rolled over on its right side. The rotating blades tilted downward, slicing into three male bystanders and badly injuring a fourth, an Italian visitor, who later died. Some of the blades hit the concrete roof and disintegrated, pieces striking people on the walkway; ten were injured. Part of a blade plummeted to the sidewalk about two blocks away, killing a woman pedestrian...

Author: /time Magazine | Title: The Nation: Whirling Death on a Rooftop | 5/30/1977 | See Source »

...marble commemorative stones. In the course of this work, they have discovered elaborate decorations in the catacomb located on the Via Appia Pignatelli, off the Appian Way south of the city. A burial place for rich Roman Jews, the catacomb has a small mosaic-paved courtyard aboveground, leading downward to a main passageway six feet wide, branching off into narrower tunnels. One leads to a pair of burial vaults covered with frescoes, their bright blues, reds, greens, yellows and whites still preserved. One wall depicts religious themes including, in the center, an open tabernacle showing the sacred Torah, flanked...

Author: /time Magazine | Title: Religion: New Light on Jewish Catacombs | 5/23/1977 | See Source »

...heavies have been class one up to now and there is little reason to assume that they won't continue to pull up the curve. It's a different story for the lights, who have been burning the midnight oil this week in an attempt to reverse the downward trend of the last two hourlies...

Author: By Daniel Gil, | Title: It's Blue Book Time for Harvard Crews Today | 4/30/1977 | See Source »

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