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...assurance came not a moment too soon. Observed a top international banker in London: "The situation is fraught with peril. There are only potential sellers of dollars out there, no buyers at all." Added Giuseppe Tome, an investment banker in Geneva: "The feeling exists in the banking community that a fuse has been lighted in world finance. No one is yet predicting an imminent explosion or panic, but if one does come, people will hardly be surprised...

Author: /time Magazine | Title: Business: Spread off Petrobrinkmanship | 12/3/1979 | See Source »

...worst peril is the damage that the Iranian crisis can do to the international financial system that is the lifeblood of the world economy. Nearly all the currency printed or minted by the U.S. remains physically inside the U.S., but an estimated $750 billion in legal claims on that money are held by foreign governments, corporations and individuals as so-called Eurodollar accounts overseas. Many of those accounts, including the bulk of the frozen Iranian assets, are located in the foreign branches and subsidiaries of U.S. banks. The funds are not under the jurisdiction of Washington...

Author: /time Magazine | Title: Nation: The Economy Becomes a Hostage | 11/26/1979 | See Source »

...crutch to college. The insecure may empathize with the tongue-tied beanstalks in the section on relationships--but what's a manual called College Knowledge without a discussion of carnal knowledge? As it is, all references to clandestine activity--booze, drugs or sex--are submitted from the parent/medic perspective: peril shadows those who indulge. Long lists proclaim the relative effectiveness of various contraceptives; even lengthier ones describe the side effects of drugs. Most students are already bombarded by such warnings, yet Edelhart omits what could be the most useful information to students themselves: how to deal with a friend...

Author: By Susan K. Brown, | Title: Too Much Knowledge | 10/17/1979 | See Source »

...down Fifth Avenue in a limousine, chatting amiably about the political struggle. As the limousine rolled past St. Patrick's Cathedral, Kennedy was suddenly seized by the inner imp. He leaned forward and with a grin saluted the cathedral's spires. Just as suddenly he realized his peril and barked: "That's off the record." J.F.K. allowed Cardinal Cushing to come down from Boston to give a prayer at his Inaugural. With Kennedy's victory certified, if only by an eyelash, it was apparent that the old fears about Roman Catholics in high office were nearly...

Author: /time Magazine | Title: THE PRESIDENCY: Back Door No Longer | 10/15/1979 | See Source »

...than when in trouble on the battlefield. Unfortunately, May 2 was a day on which Le Duc Tho was confident he had the upper hand. Quang Tri had fallen the day before. Pleiku was in peril. An Loc was now surrounded. For all Le Duc Tho knew, a complete South Vietnamese collapse was imminent...

Author: /time Magazine | Title: Special Section: WHITE HOUSE YEARS: PART 2 THE AGONY OF VIETNAM | 10/8/1979 | See Source »

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