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...G.N.P. is expected to drop 1.4% this year. Because the recession will hang on through next spring instead of ending late in 1979 or very early in 1980, real growth next year will be no higher than 1.1%, instead of the 2% forecast earlier. Finally, inflation will continue to rage at 11% through the end of the year and average close to 9% next year...

Author: /time Magazine | Title: Business: The Harder They Fall | 8/13/1979 | See Source »

...full of it," Lee said that week in a rage over Carbo's release. They give you all this nonsense about what a big, happy family we all are and how well they treat their fans. It's all lies. Lies. If we're so happy a family...I know a lot of parents where I live and none of them would even think of sending their kid to Cleveland...

Author: By David A. Demilo, | Title: When Cleveland Comes to Zion | 8/3/1979 | See Source »

...major problem is not financial but environmental. Extracting oil from shale is thought to be the greatest pollution threat. Thus, the toughest environmental battles will probably rage in Colorado and other shale-rich Western states, which have generally strict pollution-control laws. There will also be local resistance to coal gasification and liquefaction plants because they pollute the air with fumes from burning and lead to a noisy, dust-spewing increase in rail traffic to bring in the coal. On the other side, labor unions and various local groups will be eager to attract synfuel plants-particularly in Appalachia-because...

Author: /time Magazine | Title: Business: Lighting Up Synfuel's Future | 7/30/1979 | See Source »

...known as a "practicing mystic." His detachment, some feel, may explain how he is able to order or tolerate the abrupt trials and swift executions of so many people who have, in his words, "done Satan's work." One longtime acquaintance of the Ayatullah speaks of the "rage and anger he feels toward men in authority," possibly stemming from the efforts of the Pahlavi dynasty to curtail the power and prerogatives of the clergy for the past 40 years. Friends insist that in private the Ayatullah has a keen sense of humor and is a highly emotional...

Author: /time Magazine | Title: IRAN: The Unknown Ayatullah Khomeini | 7/16/1979 | See Source »

Trapped on the beach, watching the American naval vessels sailing serenely away, some Cuban exiles who thought that the mighty U.S. would never start a military operation without meticulous planning and an unshakable commitment to win, fired their guns in rage at the departing ships. Incredibly, none of Kennedy's CIA or military advisers had warned him that, faced with disaster, the invaders could not simply slip into the Escambray Mountains and carry on as anti-Castro guerrillas. The mountains were too far away, separated from the landing site by swamps, and the invaders had been given no training...

Author: /time Magazine | Title: Books: Blunders by Men Wearing Blinders | 7/9/1979 | See Source »

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