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Dates: during 1970-1979
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With 3.5 million men, the world's largest standing army, Peking has an overwhelming numerical advantage over Hanoi's 615,000 troops. In a limited punitive strike, the Chinese would probably not deploy more than 200,000 men, though the PLA's available reserves in southern China are immense if the conflict should widen. China currently has about 1.6 million men along the Soviet border-a force that Peking may decide to augment if Moscow raises the combat readiness of its own 1 million troops on the frontier in response to the crisis. One tactical plus...

Author: /time Magazine | Title: World: The Military Balance | 3/5/1979 | See Source »

Last week two more oil majors, following the lead of Exxon and Texaco, announced that they were gloomy enough over the continuing world oil shortfall to begin rationing fuel to big customers. Phillips Petroleum and Shell, the nation's largest gasoline seller, have either cut refinery output or reduced dealers' delivery allocations; the cuts range from Shell's maximum of 8% to Phillips' much more drastic 30%. And the reductions could get worse. "After the second quarter, it's anybody's guess what will happen," says an Exxon spokesman...

Author: /time Magazine | Title: Business: Coming: The Crunch of '79 | 3/5/1979 | See Source »

Three weeks ago, the 8,000 residents of Chicago's Sandburg Village, a nine-tower apartment complex long considered one of the last rental havens on the city's elegant near North Side, discovered that theirs was about to become one of the largest condominium conversions ever. The buildings had been sold to a development group for $110 million. Says Barbara Molotsky, a tenant who pays $370 a month for her one-bedroom apartment and may have to hand over $50,000 to buy it: "I don't want to buy, but there just aren...

Author: /time Magazine | Title: Business: Big Switch to Condos and Co-Ops | 3/5/1979 | See Source »

...Electronic word-processing machines may be hooked onto the phone system, Himsworth figures, allowing an employee to punch out a letter at his desk and have it automatically transmitted to one or 1,000 receiving devices attached to phones throughout the system. IBM, the world's largest producer of electric typewriters for offices, already makes and markets a PBX system in Europe, and rumors are swirling around Wall Street that it is considering a big move into the U.S. market...

Author: /time Magazine | Title: Business: Phonomania and Future Talk | 3/5/1979 | See Source »

...country's fastest-growing winter sport. "It is bigger than the bowling boom of the '50s, the tennis boom of the '60s and the running boom of the '70s," says Chicago's Morrie Mages, owner of the country's largest sporting-goods store, who has seen his sales of cross-country ski equipment increase fivefold in the past year alone. In California, ski resorts that two years ago had only 100 to 200 cross-country skiers a weekend, today may have 1,000. "It started as a neat thing to do in winter...

Author: /time Magazine | Title: Sport: Cross-Country Skiing Takes Off | 3/5/1979 | See Source »

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