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...inconvenience in serious ways. Yes to insulation, no to public transportation. Write to the nice people at Vermont Castings for a Defiant wood stove brochure, set aside, for the moment, the necessity to think through a profound unease about nuclear power and a disbelief in the quick fix of synthetic fuels. Get through the winter, and make the tough decisions later...

Author: /time Magazine | Title: The Cooling of America | 12/24/1979 | See Source »

...also resigned, and left town on vacation, offering no explanation. After lengthy meetings with Mrs. Catherine Rohter, Carey's replacement as school board president, two of Hannon's top financial officials resigned. Mrs. Rohter let it be known that she had been unable to obtain an accurate fix on school finances, despite round-the-clock investigation by a high-priced firm of accountants. Even so, depressing details began to dribble out: to meet expenses, administrators had failed to set aside $15.9 million in federal withholding taxes due the Federal Government and $5.3 million in teachers' pension funds...

Author: /time Magazine | Title: Education: The Case of the Missing Millions | 12/17/1979 | See Source »

...that private preoccupations of the sort described here made Mussolini's triumph easy. But Director Griffi is more interested in art deco interiors than he is in that or any other theme. The result is an irritating and so porific film. Those in need of an Antonelli fix are advised to see Till Marriage Do Us Part a second time - at least it's funny about decadence...

Author: /time Magazine | Title: Cinema: Glum Gavotte | 12/10/1979 | See Source »

...extensive oil holdings, argues further that the nation can no longer afford a witch hunt against the petroleum companies. Last week he told a cheering Manhattan meeting of energy producers: "Those who defame us, curse us, abuse us and lie about us, would be in one hell of a fix without us." The Senate is expected to pass a windfall profits tax in early December, probably about $200 billion, and the final bill should be ready for the President's signature by Christmas...

Author: /time Magazine | Title: Business: A Bit of Good Energy News | 11/26/1979 | 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 »

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