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...dollars. Nine of the biggest hotels in the hotel district, including the Beirut Hilton, Phoenicia Inter-Continental and Holiday Inn, were so badly damaged that renovation will take at least a year. The stately St. Georges Hotel, grande dame of the district, will probably have to be razed and rebuilt. The light industries, such as clothing, foodstuffs and plastics, that ringed Beirut have also been shattered. In Mekalles alone, 30 factories were destroyed in the battle over the Tel Zaatar refugee camp (TIME...

Author: /time Magazine | Title: LEBANON: New Era--or No Man's Land | 1/10/1977 | See Source »

...Soviet Central Committee's Mikhail Suslov-endured no fewer than 55 speeches, including an eight-hour stem-winder by Le Duan. The theme of the Congress-Thong Nhat (national reunification)-was symbolized by the arrival of delegates from the South aboard the inaugural run of the rebuilt Saigon-Hanoi railway. Indeed, not only Thong Nhat was the leitmotiv of the long-winded harangues, but it was visible every day in Hanoi on newly renamed hotels, cafes, streets and the capital's largest park...

Author: /time Magazine | Title: VIET NAM: The Communists' Divided Victory | 1/3/1977 | See Source »

Though these steps have hauled GEICO back into the black, and the $75 million sale of preferred stock has rebuilt its depleted reserves, the company is likely to go on shrinking for a while. GEICO is still losing policyholders it wants to keep; some are failing to renew because they distrust the company's finances, others because they will not accept the stiff premium increases. GEICO sells homeowners' insurance as well as auto policies-and some mortgage lenders are demanding that householders switch to richer insurers as their GEICO policies expire. Counting the policies already taken over...

Author: /time Magazine | Title: INSURANCE: GEICO Pulls Through | 1/3/1977 | See Source »

...much as his politics. As a pilot flying Hawker Hurricanes in North Africa for the Royal Air Force during World War II, Smith barely survived a spectacular crackup on a takeoff. But after five months of plastic surgery in Cairo, during which his face had to be almost totally rebuilt, he was happily back flying fighter missions. Later he was shot down while strafing German positions in Italy, and found himself stranded far behind enemy lines. Eagerly playing guerrilla, Smith fought with a band of Italian partisans for five months before beginning a 23-day trek across the Alps...

Author: /time Magazine | Title: The World: THE MAN WHO CRIED UNCLE | 10/11/1976 | See Source »

...Leadership may come in the future but for now let me say that the German people are happy not to be outcasts anymore, that they can call themselves Germans without bowing their heads in shame. We have rebuilt our nation and we have taken our rightful place in the European community. We are committed to democratic ideals, European unity, and the Atlantic Alliance. We have come out of the desert...

Author: By Dennis Kloske, | Title: Will Germans Always be Germans? | 8/17/1976 | See Source »

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