Word: everythinged
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Dates: during 1970-1979
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Senior Writer Michael Demarest, who wrote the story on the growing rage to collect everything from Bruegels to Barbie dolls, is a traditionalist in these matters. "A Louis XV marquetry cabinet would be nice," he says, "though I would be quite content to receive a second painting by Jack Yeats...
Consumers will lead the way down. They are running out of cash, credit and savings; also, they will have to pay much more for oil-related goods and services as varied as food and rents (tractors and furnaces burn fuel). So consumers will be obliged to buy less of almost...
Many of TIME'S economists detect that the Administration is cutting big and small federal programs extremely sharply to hold down the budget deficit and take some heat away from rising prices. Still, Carter's aides are probably underestimating the size of the deficit. A recession would pull...
Laments Mwai Kibaki, Kenya's Vice President: "Higher oil prices mean there is less for everything else." The LDCs will also suffer a decline in demand for their exports as the industrialized countries fall into recession.
After the compulsory exercises, the American women were in fourth place. But competing on the beam, three American women went up and three fell off, one of them twice. That did it. The team finished a disappointing sixth. Lamented Coach Linda Metheny Mulvihill: "Everybody tightened up. It was a little...