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...gasoline at 50? per gal. and use all the $50 billion for the production of synthetic fuels. The subsidy could well double the domestic supply of liquid fuels in ten years. With that, and with more fuel-efficient cars, we would say goodbye forever to OPEC! Please, let's not piddle away the tax on relief of Social Security taxes or any other pet scheme of Congress's. This tax must be used only to buy energy independence...

Author: /time Magazine | Title: Letters, Jan. 14, 1980 | 1/14/1980 | See Source »

...missile, the B-l bomber and the building of another nuclear carrier. He supports the Equal Rights Amendment and federally funded abortions. He backs the Panama Canal Treaties and SALT II. He has committed the unthinkable act for a presidential candidate of proposing a 50?-per-gal. tax on gasoline to reduce consumption. That would be offset by a 50% cut in Social Security taxes. "What we need," he says, "is not the quick, easy fix but sacrificial and meaningful adjustments that will restore confidence in this country. To deal with our problems, we need a captain on the bridge...

Author: /time Magazine | Title: Nation: A Cry to Pierce The Gray | 1/7/1980 | See Source »

...Bros, hired him as a $250-a-week scenarist for Rin Tin Tin. In four years he was head of production at 20 times that salary. Warner's Wunderkind brought dialogue to feature films (The Jazz Singer, 1927) and pioneered such realistic genres as the gangster and "working gal" films. In 1933 Zanuck and United Artists Head Joseph M. Schenck formed 20th Century Pictures, which soon merged with Fox Films. He produced such Oscar-winners as The Grapes of Wrath and All About Eve and copped three coveted Thalberg Awards. After converting the studio to the wide-screen Cinemascope...

Author: /time Magazine | Title: Milestones, Jan. 7, 1980 | 1/7/1980 | See Source »

...from the previous year. Rising fuel costs are finally prodding Americans to cut back on consumption, and the need for this becomes more acute all the time; indeed, last week Venezuela, Libya, Indonesia and Iraq announced price hikes of 10% to 15%, which could add 5? to 7? per gal. to the wholesale price of imported oil and a few cents more to gas at the pump. Americans are also reacting to higher prices by switching to smaller autos at a faster pace than anyone had expected...

Author: /time Magazine | Title: Business: Big Surge in Smaller Cars | 1/7/1980 | See Source »

...Millions of Americans had to postpone their dreams for a home of their own; the average price of a few-frills new house surged from $59,000 to $65,000. Crude oil spurted to $45 per bbl. on the spot market, and gasoline sold for up to $1.28 per gal. at the pump...

Author: /time Magazine | Title: Business: Now a Middling-Size Downturn | 12/31/1979 | See Source »

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