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...addition, $300 million worth of military equipment purchased by Iran but impounded because of the hostage crisis will be turned over to the U.S. Defense Department or sold to other countries. Carter also will ask for legislation to use some of the $8 billion in Iranian assets that he froze in November to make reparations to the hostages and their families and to reimburse the U.S. for the $500 million a year it costs to maintain a naval task force in the Indian Ocean...

Author: /time Magazine | Title: Nation: Next Step: Military Action | 4/28/1980 | See Source »

...minimum purchase eligible for time payments from $19 to $200. Banks, which had been deluging customers with Visa and MasterCard (formerly Master Charge) applications, suddenly throttled back the flow of easy credit. New York's Bankers Trust Co. slapped a $500 credit limit on new accounts and froze ceilings on existing credit lines. Chase Manhattan Bank said no to more Visa applications. This week American Express is expected to raise the $25 per year fee on its 10.5 million cards...

Author: /time Magazine | Title: Business: The Shaky House of Cards | 3/31/1980 | See Source »

...dogging the story for two months-setting up two Winnebago vans near the FBI's W Street hideaway, photographing visitors through tinted windows. The crews could not turn heaters on in their vans be cause that would fog up the windows. "It was so cold the orange juice froze on a couple of nights," said one benumbed NBC reporter...

Author: /time Magazine | Title: The FBI Stings Congress | 2/18/1980 | See Source »

...member of the Austrian ski team from 1948 to 1951, Fahrner did it with a crew of 45 workers and a network of pipes and hoses that wound 25 miles up Whiteface Mountain. They sprayed water under pressure to create a fine mist that froze instantly and settled on the slopes. In all, 10% miles of slopes have been covered to a depth of as much as 15 ft. For skiing, the man-made snow is not only as good as the natural thing; it is better. The crystal structure of man-made snow is denser; it forms smaller flakes...

Author: /time Magazine | Title: Sport: With Homemade Snow and Dreams of the Past | 2/18/1980 | See Source »

...series of dramatic but carefully limited moves, the President fought back with economic reprisals. He ordered a stop to all purchases of Iranian oil, 700,000 bbl. per day, or 4% of U.S. consumption; he froze all Iranian government banking assets in the U.S. The Administration has not officially interrupted the flow of the nearly $500 million worth of food the U.S. ships to Iran annually. But the International Longshoremen's Association instructed all its members not to load any vessels bound for Iran, and the giant American Farm Bureau Federation offered to support a total boycott on food exports...

Author: /time Magazine | Title: Iran: The Test of Wills | 11/26/1979 | See Source »

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