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...West Coast, are rerouted daily through the Panama Canal to the Gulf or East Coast ports at additional costs of more than $1 million. And although independent California oilmen are protesting a surplus that has forced them to close, or "shut in," some wells, the West Coast continues to import 400,000 bbl. a day from Indonesia...

Author: /time Magazine | Title: Energy: Battling the West Coast Oil Glut | 5/15/1978 | See Source »

...excerpts could have been a lot worse, that Nixon could have distorted the facts, slandered his opponents, exalted his role. Maybe it is beneficial that he is so deliberately terse, giving us what he concludes are "just the facts, ma'am." He seems to believe that in time the import of the major accomplishments and crises of his presidency will become fully realized, and the personal feelings he aroused and felt will dwindle. If he is right, his book will be a basic text. But it will not help the historian conjure...

Author: By Kerry Konrad, | Title: Talking Head: '74 | 5/11/1978 | See Source »

...Saratoga to watch the races and have lunch, and be back on the Cape for another swim in the late afternoon. What nature has not provided, money has. Perfect in every other respect, the Cape Cod house at Oyster Harbors was lacking in scenic sand dunes. The solution? Import 2,000 tons of sand. Everything, however, is done with a lack of ostentation. In Virginia Paul has provided his horse breeder with a house that looks more impressive than...

Author: /time Magazine | Title: Art: A Portrait of the Donor | 5/8/1978 | See Source »

...cars in the U.S. With the dollar losing value against the West German mark, VW's U.S. prices went up relentlessly. The average price of all Volkswagen models sold in the U.S. climbed almost 14% last year alone. VW, whose famous Beetle was once the top-selling U.S. import, saw its share of the U.S. market shrink from 6.8% in 1970 to about...

Author: /time Magazine | Title: Business: U.S. Rabbit All Set to Hop | 4/10/1978 | See Source »

...comprehensive anti-inflation plan. His economic advisers urge him to take a tough stand by calling for a reduction of subsidies, regulations and the growth of spending. Clearly, the immediate risks would be out weighed by the ultimate rewards. If the U.S. reduces domestic inflation, the dollar will rise, import prices will decline, purchasing power will expand, interest rates will fall, housing will climb, profits will increase, the stock market will turn up, capital spending will swell, more jobs will be created and business will flour ish. In sum, the small sacrifices made by special groups will lead...

Author: /time Magazine | Title: Time Essay: Ten Ways to Cut Inflation | 4/10/1978 | See Source »

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