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Callaghan, who easily recaptured his home constituency in Wales, now becomes leader of the opposition. He will be less tormented by the Labor Party's left wing, many of whose zealous members went down to defeat in marginal districts. So did the most able woman in his Cabinet, former Education...

Author: /time Magazine | Title: A Tory Wind of Change | 5/14/1979 | See Source »

Next, proponents contend that decontrol would increase oil production. But decontrol is a very inefficient way to increase oil production. While, as one expert put it, "smaller and smaller increments of hard-to-get oil are produced at higher prices, such marginal increases do not justify trebling or quadrupling the...

Author: By Mary G. Gotschall, | Title: It Won't Work | 4/28/1979 | See Source »

The court disagreed. Writing for the majority. Justice Byron White called the safety factor "marginal at best," and said it was not enough to outweigh the Fourth Amendment's prohibition against unreasonable searches and seizures. There is, said White, "a 'grave danger' of abuse of discretion." The...

Author: /time Magazine | Title: Law: Highway Privacy | 4/9/1979 | See Source »

> Inflation has heightened the risks of investment and led to extreme uncertainty, so that business decision makers have no confidence that an investment today of $1-or $1 billion-will pay off in the future. In a highly inflationary economy, managers have no sound means of estimating the real cost...

Author: /time Magazine | Title: Time Essay: America's Capital Opportunity | 4/2/1979 | See Source »

On the evidence of the Marx comic book which has been translated into seven languages and has sold 150,000 copies worldwide, the Donald Duck part of the effort is a success. Produced by award-winning Mexican Political Cartoonist Eduardo del Rio under the pseudonym Rius, the book relies on...

Author: /time Magazine | Title: Education: Seriocomics | 4/2/1979 | See Source »

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