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...deeply divided on a host of issues, from Lebanon to settlement policy in the West Bank. But there are pressing troubles that cannot wait until the tangled election results are finally sorted out. The Bank of Israel announced last week that during July the government had been forced to pump an unprecedented $360 million into the economy and that foreign currency reserves had dropped by $351 million, to $2.6 billion. Inflation is climbing at an annual rate of 400%, and that can only mean more hard times ahead for Israel's foundering economy...

Author: /time Magazine | Title: Israel: A Call to Unity, and to Peres | 8/13/1984 | See Source »

...they knew that in doing so, they gave up their hopes for individual medals. Says Gaylord: "In every other meet I've competed in, the egos come out when the coach announces the lineup. But this team is unique. There was never a complaint, just one goal: to pump up the scores for the team, not for individuals...

Author: /time Magazine | Title: Olympics: Finishing First, At Last | 8/13/1984 | See Source »

Atlantic Richfield, Occidental Petroleum, Getty Oil and Union Oil have their headquarters in Los Angeles. At the beach you see seals and oil pumps, as well as men, too dumpy and too old to be making fools of themselves, on roller skates. On the freeway you see an oil pump in a bend where, elsewhere in the nation, there would most likely be a fruit stand. There is a camouflaged oil pump on the campus of Beverly Hills High School. Just as you begin to understand there is sensible, sound, big commerce in this vast polyglot a sign looms...

Author: /time Magazine | Title: Olympics: In Search of the Angels | 7/30/1984 | See Source »

...half a century, the Democratic Party derived its power from what it could give away. It was the party of benevolent Government, offering help for the disadvantaged and services for everyone. "In the postwar era," observes Harvard Political Economist Robert Reich, "it was possible to dispense [Government largesse] and pump [the economy] at the same time." But in the '70s and '80s, the demand for Government goodies began to outstrip the growth of the economy. Lyndon Johnson, and by extension the Democratic Party, was wrong: the U.S. was not "an endless cornucopia...

Author: /time Magazine | Title: A Party in Search of Itself | 7/16/1984 | See Source »

When Iran and Iraq started firing missiles and rockets at Persian Gulf oil tankers this spring, some energy experts predicted that gasoline prices would rise. But that has not been the case. Prices at the pump are drifting downward. The U.S. average was $1.246 per gal. just before the Independence Day holiday. That was the lowest midsummer price since 1979 and 2.4? per gal. below last year's Fourth of July level. Prices for leaded regular have, in some cases, dropped to around $1 in such metropolitan areas as Houston and New York...

Author: /time Magazine | Title: Energy: Good News at the Pump | 7/16/1984 | See Source »

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