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...million short-term debt. The company urgently needs infusions of fresh capital to modernize old plants and increase its output of small gas-sipping models. But a Chrysler deal would make little sense for Volkswagen, which has just regained its old momentum after a long period of drift, during which Japanese automakers zipped past it in many major markets. Detroit executives point out that Volkswagen, which is the most firmly established foreign automaker in the U.S., does not need Chrysler's dealer network or antiquated plants. Most of all, VW does not need Chrysler's huge unsold inventory...

Author: /time Magazine | Title: Business: Raciest Rumor | 7/2/1979 | See Source »

Philip Levine's poems vibrate between the down but not out and the out but not down. His speakers are guerrillas, trapped in an endless battle long after the war has been lost. Their milieu is one of industrial detritus; they drift through the abandoned sets of grade-B thrillers...

Author: /time Magazine | Title: Books: Four Poets and Their Songs | 6/25/1979 | See Source »

...from accepting any blame for the drift in Washington, Carter called on the public to complain to Congress. "The American people are beginning to feel that their own Government can't deal adequately with crucial issues, like inflation and like energy," said Carter, just as though he had little part in that Government. Until the public gets aroused, he added, "we're going to have difficulty in Washington getting action taken...

Author: /time Magazine | Title: Nation: The Sky Is Falling on Washington! | 6/11/1979 | See Source »

...Jack Reardon began his own spiel on the majesty of Blodgett Pool and its King, Olympic medalist Bobby Hackett, my mind began to drift back to freshman year. It seemed hard to believe it had been four years since the Class of '79 first invaded Cambridge. We have changed and grown, but so have Harvard athletics, the question concerning both is--has that change been for the better...

Author: By Jonathan J. Ledecky, | Title: A Beginning and an End | 5/29/1979 | See Source »

...lights started out quickly, rowing at 42 strokes per minute settled to a 38.5, and then let the cadence drift down gradually as planned. After 300 meters, the women in black were hanging on to a slim two-seat lead...

Author: NO WRITER ATTRIBUTED | Title: 'Cliffe Lights Nab Second; B.U. Wins by 5.9 Seconds | 5/14/1979 | See Source »

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