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...money. The result: less spending on plants, schools, roads, hospitals and other private and public projects. This will have a broad impact on U.S. society, because it retards industrial expansion, research and innovation. At the same time, the bond decline shakes public confidence in the nation's financial fabric. People wonder, if bonds are not safe, secure investments, what...

Author: /time Magazine | Title: Nation: The Big Bond Market Goes Bust | 3/24/1980 | See Source »

...doctors circulated a petition, which they plan to send to the two leaders and to print in The New York Times, starting that a nuclear war would preclude any civil defense, medical treatment or long-term recovery. "The economic, ecologic and socil fabric on which human life depends would be destroyed," the petition states...

Author: By Robert J. Campbell, | Title: Experts Urge Nuclear Weapon Control | 2/11/1980 | See Source »

With London Calling, the Clash have discovered the metaphor. It gives them new freedom to travel through musical idioms and political subjects, and they take the grand tour. While past Clash albums have contained many songs cut from the same musical fabric, London Calling races through a catalogue of styles and sounds that involuntarily brings the Beatles to mind...

Author: By Scott A. Rosenberg, | Title: Now War Is Declared | 2/1/1980 | See Source »

...fundamental questions was why the Soviets had suddenly torn the fabric of U.S.-Soviet relations and international order by such an undisguised invasion. Moscow had its own rationale. According to the Soviet-government daily Izvestia, the U.S.S.R.'s troops had saved Afghanistan from being subverted by the CIA and turned into an American base. Other Soviet versions said the U.S. had teamed up with Pakistan, China and Egypt to carry out "primarily anti-Soviet designs." They described leftist President Hafizullah Amin, who was executed four days after the Soviet invasion began, as a tyrant working...

Author: /time Magazine | Title: My Opinion of the Russians Has Changed Most Drastically... | 1/14/1980 | See Source »

...vain--of assuring the passage of a treaty which those truly concerned with disarmament on the Left attack as much too limited in scope. It is now of such overriding symbolic importance, however, that its defeat in the Senate would seem to me to unravel what little fabric of international comity there exists, and possibly to force the Chinese and the Soviet Union back together again, for we are not the only ones who can play the "China card." I am in favor of a draft, or at the very least registration for the draft, to show that...

Author: By David Riesman, | Title: Nuclear Countdown | 1/7/1980 | See Source »

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