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Interest Rates. Higher demand for loans and Federal Reserve Board efforts to prevent inflationary growth of the U.S. money supply are pushing up lending charges. The bank "prime" rate on business loans has jumped from 6¼% at the start of 1977 to 8% now; some Wall Streeters predict it will reach 8¾% or even 9% by year's end. The rise makes it more expensive for consumers and businesses to buy or build with borrowed cash. It could put an end to the housing boom by causing savers to pull their money out of savings banks and savings and loan...

Author: /time Magazine | Title: Nation: Trying to Build Confidence | 1/30/1978 | See Source »

...question had just been asked: Did he predict failure for the Jerusalem talks? As Jordan's King Hussein was about to answer, a door to his office in Amman's Basman Palace flew open and Abdul Hamid Sharaf, Chief of the Royal Court, burst in with a message. Scanning the note that had been handed to him, the King turned to his interviewer, TIME Cairo Bureau Chief Wilton Wynn. "I suppose," said Hussein with a grim smile, "we should be speaking in the past tense." The King read the dispatch aloud: President Anwar Sadat had withdrawn his delegation...

Author: /time Magazine | Title: World: Jordan's King Hussein: I Am Not Optimistic at All | 1/30/1978 | See Source »

Postel could not predict how many students would obtain excuses this year. He said," We don't keep day by day records of excuses. We add them...

Author: NO WRITER ATTRIBUTED | Title: More Pressure May Cause Exam Dodging | 1/20/1978 | See Source »

Carter's decisions pleased people in the new gateway cities. In Atlanta, John Wilson, president of Multimart, an import-export company, declared that the order "puts the small and medium-sized business directly on the line to Europe." Officials in Tampa, New Orleans and Kansas City predict a big increase in tourism by foreigners...

Author: /time Magazine | Title: Business: Playing Politics with Airlines | 1/16/1978 | See Source »

Their efforts should produce, in effect, a stop-action picture of the rapidly changing features of the great land swell. From this picture, they hope to obtain a more definitive view of the strange events around Palmdale. That knowledge, in turn, could eventually enable them to predict if-and possibly when and where -an earthquake will strike. "'Uplifts have been observed before several major earthquakes," notes Seismologist Peter Ward, chief of earthquake mechanics and predictions for the U.S.G.S. Among these quakes is California's last large temblor, the one that shook the San Fernando Valley in 1971, taking...

Author: /time Magazine | Title: Science: Exploring an Ominous Bulge | 1/16/1978 | See Source »

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