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...repairing the war damages, but would want to attract as many nations as possible to invest in developing the islands. Says Foreign Secretary Pym: "The best future for the islanders will be in rebuilding. If there is peace, stability and friendship in the whole region, people are more prosperous and their economic future is brighter." Pym also feels that the Falklands and Argentina must work out good relations if the islands are to prosper...

Author: /time Magazine | Title: Falkland Islands: Explosions and Breakthroughs | 6/7/1982 | See Source »

...Weimar Germany have suffered the consequences of such runaway prices. That kind of inflation usually tears apart the very fabric of a nation. When its currency no longer has any meaning, a country often loses its sense of values. Saving and planning for the future seem foolish; speculators prosper. Says Henry Wallich, a governor of the Federal Reserve: "Inflation is like a country where nobody speaks the truth...

Author: /time Magazine | Title: Prices Take a Big Tumble | 5/3/1982 | See Source »

...readers. One story reports that market forces have diverted distribution of a drug that will cure leprosy to use instead in treating tennis elbow. The jokes range from the incisive to the tasteless, and even the racist and antiSemitic. An Op-Ed column headlined COLORED PEOPLE MUST SUFFER TO PROSPER is signed "Thomas Soweto," deftly mocking the free-market views of Thomas Sowell, a conservative black economist who contends that racism is not the major cause of economic deprivation for blacks. Help-wanted ads have executives soliciting young male proteges and "preteen women...

Author: /time Magazine | Title: Off the Wall | 3/29/1982 | See Source »

...college or graduate school must not qualify Reagan for the role of Courageous Budget Defender. Education loses out because its lobby is less powerful than that of the Pentagon, and in the end, the losers will be young people who want to better themselves and a nation that cannot prosper without their leadership...

Author: NO WRITER ATTRIBUTED | Title: The Battle Continues | 2/5/1982 | See Source »

...Times-style, high-brow model will not be the only type of newspaper to survive and prosper. Television has also prompted the growth of what might be called the celebrity industry. People magazine first capitalized on this development on a national level, and the effects are now trickling down to the more local media. "Gossip" is bigger than ever, thanks to television, because there are more people well-known than ever--actors, politicians, businessmen and especially athletes. Sports, in fact, has been the other major beneficiary of television's dominance. Professional and college sports have never enjoyed as much popularity...

Author: By Jeffrey R. Toobin, | Title: The Day The News Died | 1/8/1982 | See Source »

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