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...price. Some of the Sisters have moved heavily into metals, a field in which their geologists have considerable expertise. Shell produced and sold $1.2 billion worth of aluminum, copper, zinc and nickel last year, enough to rank it among the top 100 firms on the FORTUNE 500 index even...

Author: /time Magazine | Title: Business: The Seven Sisters Still Rule | 9/11/1978 | See Source »

...television interests. In addition, inflation has pushed the cost of paperbacks higher than the average for most commodities, demanding more aggressive salesmanship. In the past six years the cover price of a rack-size book has jumped 77%, from an average of 930 to $1.65. The consumer price index for the same period rose 44.8%. Where will it end? Inflation is not likely to vanish and neither is the desire of publishers to secure bigger blockbusters. This is almost certain to cause new records in paperback auctions. Says Putnam's Webb: "There's no ceiling. God knows, there...

Author: /time Magazine | Title: Paperback Godfather | 8/28/1978 | See Source »

...capital gains tax is tied to the cost of living index, thus excluding from taxation any capital gains that result from inflation...

Author: /time Magazine | Title: Nation: Money for the Middle Class | 8/21/1978 | See Source »

Paul could act with surprising calm in sweeping away the disciplines of centuries. In 1966 he decreed an end to the traditional obligation of abstaining from meat on Fridays. He abolished the notorious Index of Forbidden Books, which had once included the works of John Locke, Victor Hugo and Voltaire. In theological controversy, excommunication and charges of heresy gave way to milder methods. Even Swiss Theologian Hans Küng's celebrated critique of papal infallibility was handled gently: Küng was simply warned not to teach such opinions in the future, but did not have to recant...

Author: /time Magazine | Title: Religion: A Lonely Apostle Named Paul | 8/14/1978 | See Source »

Well they might. R.R.P. is a remarkable index of new-age creeds. In the Church of Satan, worship equipment includes candles, a bell, a chalice, elixir, a sword, a gong, parchment and "a model phallus." (Not that Army chaplains are likely to have to supply them, since ritual secrecy is also part of Satanism.) There is also the Native American Church, an Indian group that has won court approval to get high on peyote during weekly or monthly rituals that run all night. The Army does not state whether the peyote rites must end in time for reveille...

Author: /time Magazine | Title: Religion: Sect Manual | 7/3/1978 | See Source »

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