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Between now and the end of the fiscal year, on June 30, it must raise $750 million to meet its expenses, pay its employees and refinance its massive debt. But the money may not be available. The banks have turned down any further short-term borrowing; they refused to enter...

Author: /time Magazine | Title: CITIES: How New York City Lurched to the Brink | 6/16/1975 | See Source »

But there is a less sanguine argument: that Kim Il Sung will ignore the Russians and Chinese. Pentagon officials estimate that North Korea has enough supplies on hand to sustain a three-month offensive; and Kim may be confident that if he were embroiled in a war, neither Moscow nor...

Author: /time Magazine | Title: SOUTH KOREA: Getting Nervous | 6/9/1975 | See Source »

Familiar Pleas. Okun argues that the U.S. can do much to create a more equitable economy while leaving the market free. Some of his ideas are familiar pleas of liberal reformers: he would have the Government strive to improve opportunities for the poor through more job-training programs and make...

Author: /time Magazine | Title: THEORY: Efficient Equality | 6/9/1975 | See Source »

Lighter than helium and just about as dense, this adventure farce is a pleas ant enough way to pass a little time. Di rector Philippe de Broca (That Man from Rio, Cartouche) has a blithe liking for unlikely situations and hapless heroics.

Author: /time Magazine | Title: Cinema: Airy Adventure | 6/2/1975 | See Source »

Investigations by Special Watergate Prosecutor Leon Jaworski's office led to convictions or guilty pleas for 27 aides and agents of former President Richard Nixon. Last week they were joined by a former top aide to a high-ranking Democrat. A federal court in Manhattan convicted Minneapolis Lawyer Jack...

Author: /time Magazine | Title: TRIALS: More Sour Milk | 5/19/1975 | See Source »

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