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So Carter made the bold move. He and his aides put together a dollar-rescue plan that amounts to a sharp and startling reversal of previous policies and aims to restore credibility to America's currency. The plan involves serious risks of starting a recession, and, at the very least...

Author: /time Magazine | Title: To Rescue the Dollar | 11/13/1978 | See Source »

Europeans were quick to point out, though, that last week's rebound of the dollar did no more than restore it to its extremely low levels of three weeks ago; it still takes an even dollar, converted into Swiss francs, to buy a cup of coffee in Zurich. Washington has...

Author: /time Magazine | Title: To Rescue the Dollar | 11/13/1978 | See Source »

Yet, far more important than this modest support were the signs of growing cohesion among the Arab states that oppose Sadat. As a prelude to this week's Arab summit in Baghdad called by Iraq to counter the Camp David accords, Syrian President Hafez Assad flew to the Iraqi capital...

Author: /time Magazine | Title: MIDDLE EAST: Prize and Provocation | 11/6/1978 | See Source »

No evidence exists that longer prison terms or fixed mandatory sentences will deter crime, says Silberman. The real problem with the court system is not that it works badly but that it appears to work badly. Image is of no small importance. Making people believe that the law works ?...

Author: /time Magazine | Title: Law: As American as Jesse James | 11/6/1978 | See Source »

Thus begins a new novel called The Revolution of 1980. Its bestselling author is the pseudonymous "Philippe de Cormmines," whose cleverly futuristic The 180 Days of Mitterrand last year foreshadowed the rupture in the Socialist-Communist alliance. In Commines's new work, Giscard refuses to give in; at 6...

Author: /time Magazine | Title: FRANCE: The Revolution of 1980 | 10/30/1978 | See Source »

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