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Still playing it tough -perhaps to appease the Kremlin-the government responded with a volley of menacing statements. Pointing to the country's desperate economic plight, Kania angrily demanded: "Who has the boldness to turn a local incident into a national affair threatening catastrophe...

Author: /time Magazine | Title: Poland: Back to the Precipice | 4/6/1981 | See Source »

...Poletown's plight is, of course, not so simply put. When the GM plant is completed in 1983, it will employ 6,000 workers in a city where unemployment is at 18%. It will also contribute an initial $8.1 million a year in tax revenues to Detroit and the enclosed city of Hamtramck, where only 15 months ago the huge Chrysler assembly plant known as Dodge Main was closed. The GM factory will also offer new hope to a decaying city that has hemorrhaged hundreds of thousands of jobs over the past decade and currently faces a record budget...

Author: /time Magazine | Title: The Last Days of Poletown | 3/30/1981 | See Source »

City officials defend the plant site as the only one that met all of GM's specifications and contend that they are doing everything possible to ease the plight of Poletowners. Besides offering owners a "fair price" for their properties, the city claims it is paying out generous benefits (up to $15,000 for home owners and $4,000 for renters) to help defray resettlement costs. According to Emmett Moten, Detroit's industrial development director, the city is also purchasing federally owned housing units for Poletowners and offering them mortgages at a bargain 9.5% interest. Detroit hired...

Author: /time Magazine | Title: The Last Days of Poletown | 3/30/1981 | See Source »

...from 14% to 12%, a move designed to stimulate new investment and reduce the cost of British exports. At the same time, however, the oil and banking industries were hit with new taxes. Spokesmen complained that the meager benefits in the budget package would do little to relieve the plight of most businesses. "I share the disappointment everyone will feel," said a somewhat apologetic Howe. "But I am determined to sustain firm action in the battle against inflation. To change course now would be fatal...

Author: /time Magazine | Title: Britain: Howe It Hurts | 3/23/1981 | See Source »

...actually optimistic as I pulled up in front of the store. Situated in a small roadside shopping center outside Albany, N.Y., it was far enough away from home that my friends would not get to enjoy my plight. I looked forward to my late-night commutes--taking on the open road in my parents manual Toyota. The store itself was, as its motto suggested, "not your average drug store." Some retail genius had decided to try putting all the department stores and drugstores in New York out of business. The result was a Woolworth's with the lunch counter removed...

Author: By William F. Hammond, | Title: Folding Cardboard in the Back | 3/17/1981 | See Source »

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