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Observed U.S. Team Manager Fer dinand Metz, a veteran of Manhattan's Plaza Hotel and the late lamented Le Pavilion, and now an executive of the HJ. Heinz Co.: "We are all here to advance the art if possible, to learn from one another, to pick up a trick or two that may save us a little money or reduce wastage in a business where economics gets more important every day. And to win a few medals, of course." Like U.S. winemakers in international competition, the team showed that North American cuisine, drawing on a bounty of natural resources...

Author: /time Magazine | Title: Living: A Victual Victory for the U.S. | 11/17/1980 | See Source »

...after coming across traces of alluvial gold on his land, Farmer Genesio Ferreira da Silva hired a geologist to investigate whether there was a larger deposit. Word leaked out, and within a week 1,000 prospectors had descended on the farm. Five weeks later, there were 10,000 on Fer-reira's property and another 12,000 near by. Huge nuggets were quickly discovered, the biggest weighing nearly 15 Ibs., worth more than $108,000 at the current market price. "If we could have only kept the secret, we would have been rich forever," says Osvaldo Ferreira, Genesio...

Author: /time Magazine | Title: BRAZIL: The Treasure of Serra Pelada | 9/8/1980 | See Source »

...most part, Britons refrained from drawing parallels between the success of the S.A.S. assault and the failure of the American attempt to rescue the U.S. embassy hostages in Iran, but the point was inescapable. Newspaper editorials, though glowing with patriotic fer vor, noted the vast logistical differences between the two operations. As the Lon don Sun put it in a headline: O.K., SO WE WON, BUT LET'S NOT MAKE TOO MUCH NOISE ABOUT...

Author: /time Magazine | Title: BRITAIN: A Daring Rescue at Princes Gate | 5/19/1980 | See Source »

...Volcker's approach, however, finance men and bankers now saw not just another quick fix but a direct assault on inflation itself. Said West German Finance Minister Hans Matthöfer: "The package goes straight to the heart of the problem." Brussels Banker Roland Leuschel expressed a conviction shared by almost all European moneymen: "Throttling back on the money supply itself will be much more effective than raising interest rates in the fight against inflation. Paul Volcker is attacking inflation at its source...

Author: /time Magazine | Title: The Squeeze of '79 | 10/22/1979 | See Source »

...also occur in the best of families. Tabloid readers lapped up a recent court case involving the Duchess of Bedford's daughter-in-law, a sultry Iranian high roller named Kitty Milinaire, who in an epic three-year binge frittered away a $6 million fortune at chemin de fer, blackjack and practically anything else at which she could try her diamond-decorated hand. Charged with stealing jewels taken out on approval from Cartier, Kitty, 39, was acquitted by a jury after her defense lawyer scored a decisive point: given her notoriety as a compulsive gambler, who could believe that...

Author: /time Magazine | Title: BRITAIN: In the Chips | 7/24/1978 | See Source »

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