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...less than a Volkswagen. A recent cover on the German newsmagazine Der Spiegel showed a yellow car with slanted eyes for headlights and buck teeth projecting over the bumper. Since West Germany ships 27% of its national production of goods abroad, the Bonn government thinks that it cannot impose import restrictions on Japanese cars without risking a damaging trade war. But pressure from labor unions is growing. Volkswagen this week had to put 6,700 of its workers on a shortened work schedule...

Author: /time Magazine | Title: Slippery Roads | 1/12/1981 | See Source »

...those of their Communist allies. But the antiquated condition of Soviet drilling equipment, a situation that has been made worse by the U.S. embargo on high-technology exports to the Soviet Union, has delayed the development of new oil deposits. By 1985, the Communist nations may be forced to import oil from the Middle East, which would provoke new shortages and put intense pressure on prices in the world oil market. Toward the end of the decade, new Soviet oilfields and Chinese discoveries could bring supply and demand into closer balance once again...

Author: /time Magazine | Title: Outlook '81: A Stagnant Europe | 1/5/1981 | See Source »

Casey became Under Secretary of State for Economic Affairs in 1973 and then served as president of the Export-Import Bank from 1974 to 1976, when he joined former Secretary of State William Rogers' New York law firm, Rogers & Wells. Casey barely knew Reagan when he was hired last February to straighten out the campaign organization...

Author: /time Magazine | Title: Nation: An Idea Man For CIA | 12/22/1980 | See Source »

...divestiture demand? Is it the Radcliffe Forum? our cap-and-gown stand? Whatever it is they're asking, whatever it is they want You tell them that I'll grant it--unless, that is, I can't. I've had the strangest dream last night, a dream of dire import; Ronald Reagan had become Santa Claus--or so it was, I thought. If the world can turn that topsy-turvy, then I can alter too. I've learned my Christmas lesson--my amoral days are through. Besides, the way things are looking, a promise won't have much effect: There...

Author: NO WRITER ATTRIBUTED | Title: A Christmas Phantasm | 12/18/1980 | See Source »

...sell what you have, and give to the poor, and you will have treasure in heaven; and come, follow me." For 2,000 years Christians have wrestled un successfully with the import of Jesus' words to the Rich Young Ruler. For her part, Roman Catholic Activist Dorothy Day took the command literally. Over two generations, idealistic young Catholics came to work at her soup kitchens, helping the poor for a while and then departing for families and careers. Dorothy Day stayed on. And on. When she died at age 83 in "Maryhouse," a residence for the destitute...

Author: /time Magazine | Title: Religion: Street Saint | 12/15/1980 | See Source »

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