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...soon as they become convinced that the U.S will stick to a clear-cut economic policy. In Whitman's view, the Administration's dollar-revival plan consists of one Band-Aid and one magic bullet. The move to big intervention-selling gold, buying dollars-will barely patch a scratch. But the shift to tighter money, she believes, will be the real cure for the dollar's debilities. The trouble is, the early side effects will be bad: higher interest rates, which lead to higher prices for a while. In time, however, the stringent money policy will force...

Author: /time Magazine | Title: Executive View by Marshall Loeb: Rise of the Role Model | 11/20/1978 | See Source »

...Dada, it was a fairly grandiose boast. Last week, after a series of radio broadcasts falsely claiming that his country had been invaded by neighboring Tanzania, Big Daddy announced that a 2,000-man Ugandan force had made a "record in world history" by occupying a 710-sq.-mi. patch of Tanzanian territory in "the supersonic speed of 25 minutes." Henceforth, Amin declared, ''all Tanzanians in the area must know that they are under direct rule by the Conqueror of the British Empire"-one of several modest sobriquets that Amin uses to describe his ample (300 lbs.) self...

Author: /time Magazine | Title: EAST AFRICA: An Idi-otic Invasion | 11/13/1978 | See Source »

...there on the platform in Lynn, and if that wasn't a show for Democratic unity...Well, there were a few embarrassing moments when Kennedy refused to shake hands with the gubernatorial candidate, and when King got booed and hissed after he was introduced, but the President managed to patch things up by telling people that the Democratic party is broad enough to encompass all sorts of views. If the Democratic party is that broad, maybe it is time to create a third party...

Author: By Laurie Hays, | Title: You Sure You Want a Governor? | 11/6/1978 | See Source »

...pipe-filled tunnels is much less glamorous. Tall tales and legends aside, most undergraduates rarely come into contact with the network. Some sharp observers, however, will note that through early fall, a swath of grass in the Yard stays green longer than the rest, and through winter that patch melts away its cover of snow and remains in sight. These few will see beneath the legend of the Harvard tunnels...

Author: By Roger M. Klein, | Title: Harvard's Tunnels: Notes From The Underground | 10/19/1978 | See Source »

Thievery in various forms has become all too frequent over the past three years in the production fields and exploration areas of the South and Southwest that are the heart of what petroleum people call the U.S. Oil Patch. Spurred by the rise in oil prices, drilling activity has reached its highest level since the '50s, resulting in an acute shortage of pipe, drill bits and other oil-exploring and -producing equipment. Orders for derricks can take as much as 18 months to fill. Buyer impatience has spawned a burgeoning subindustry: a booming black market for stolen oil equipment...

Author: /time Magazine | Title: Business: Midnight Oil | 10/2/1978 | See Source »

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