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Dates: during 1970-1979
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...years. Administration officials later raised this estimate to nearly $5 billion, with Israel and Egypt each getting about $2 billion more for military aid and $500 million more each for economic support over the three years. Israel now gets $1.8 billion and Egypt $.8 billion annually, making them the largest U.S. aid recipients...

Author: /time Magazine | Title: Nation: The Price of Peace | 3/26/1979 | See Source »

...appointed him Premier of France in August 1976. He promised to cure the country's inflation-racked economy in three years. As that deadline approaches, the roly-poly former economics professor has become the target of increasingly heavy fire from trade unions, the leftist opposition and even the largest party in his own coalition, the Gaullists. Last week, at the insistence of Gaullist Leader Jacques Chirac, the French parliament was called into emergency session for the first time since World War II. Although Barre has succeeded in stabilizing the franc by turning France's trade deficit into...

Author: /time Magazine | Title: FRANCE: Steel, Surgery and Survival | 3/26/1979 | See Source »

Continuing a rash of price-gouging moves by many oil nations, Nigeria, the fourth largest producer in the 13-nation OPEC cartel, indicated that it was planning to tack on an export surcharge of perhaps as much as 17%. That advance will add further pressure for a fresh round of inflationary increases early next week, when OPEC ministers plan to meet in Geneva. Indeed, by an ironic White House oversight, Carter is expected the same day to play host to the signing of the Egyptian-Israeli peace accords in Washington. Arab hardliners, such as Iraq, Algeria and Libya, could well...

Author: /time Magazine | Title: Business: Deliberating on Oil Decontrol | 3/26/1979 | See Source »

Burger King, with 2,500 outlets the second largest chain, plans to open about 350 new ones this year. Though Pillsbury does not report separate sales and profit figures for Burger King, analysts believe that the chain is expected to manage better than its rivals. A major reason: the chain was fastest in diversifying its menu. Besides hamburgers, it offered chicken, fish and ham-and-cheese sandwiches...

Author: /time Magazine | Title: Business: Squeeze in Fast Food | 3/26/1979 | See Source »

...island were barren, if it had no majestic koa trees or coconut palms or fern forests, no hibiscus, begonia, bougainvillaea, poinsettia, u'ulei, mamane or hinahina blossoms, it would be worth visiting for Haleakala alone. It is among the world's largest dormant volcanoes-it has not erupted since 1790-and its brooding presence dominates Maui. The crater of 10,000-ft.-high Haleakala (pronounced Hah-lee-ah-kah-lah) is seven miles long, two miles across and half a mile deep. While it has almost no vegetation save for patches of glistening silversword, the crater is dotted...

Author: /time Magazine | Title: Living: Maui: America's Magic Isle | 3/26/1979 | See Source »

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