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...only the ninth time in Mardi Gras's 122-year history. "We are not going to let Mardi Gras be held hostage by the Teamsters," read a statement issued by the krewes. "It means a half million dollars and a whole year's work down the drain, plus all the fun we miss," lamented Owen Brennan, president of the famous Brennan's Restaurant and captain of the Bacchus Krewe...

Author: /time Magazine | Title: Nation: Mammon Conquers Bacchus | 3/5/1979 | See Source »

...have no recourse. Kirchner has pleaded with the department and administrators to hire at least one additional composer to the music faculty, but here again arises the question of assessing the merit of teachers and the newer problem of a severly limited University budget. Humanities professors fear a drain of funds from their departments to the arts; the arts faculty fear a further channeling of money to performance classes, away from their scholarly, critiquing courses. The performing arts always lose out in the scramble for dollars...

Author: By David Frankel, | Title: Don't Talk of Love, Show Me | 2/20/1979 | See Source »

...most distant objects in the universe. Pulsars, or neutron stars, have also been detected; these highly compressed cadavers of massive stars usually signal their existence by their highly regular radio beeps. Even stranger are the giant stars that may have in effect gone down the cosmic drain: those elusive black holes, with gravitational fields so powerful that not even light can escape them. Astronomers have also picked up what may be the echo of the Creation. Coming from everywhere in the skies, and in a sense from nowhere at all, these faint microwaves appear to be the lingering reverberations...

Author: /time Magazine | Title: Cover: The Year of Dr. Einstein | 2/19/1979 | See Source »

...country's 600 major industries have been shut down by strikes since early December. And, although they may not be missed, most of the once fabled Iranian rich have left the country. Significantly, this includes 120 of the country's 200 leading business and industrial figures. Estimates of the drain of capital that has left the country range into the billions of dollars...

Author: /time Magazine | Title: The Khomeini Era Begins | 2/12/1979 | See Source »

...most visible change Carnegie II recommends would be the enormous increase in funding. Public broadcasting now receives $540 million from all sources; the report wants to raise that to $1.16 billion a year by 1985, about half of which would come from Washington. To offset a new drain on the Treasury, the commission proposes that commercial broadcasters be charged between $150 million and $200 million for the right to use the public air waves. Local stations would be expected to drum up $1.50 for each $1 that they received from the Government...

Author: /time Magazine | Title: Television: Recasting the Public System | 2/12/1979 | See Source »

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