Word: roading
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Dates: during 1970-1979
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TIME's board predicts only moderate relief. The peak of inflation has been reached, but the road down will be slow. David Grove, a private consultant and former chief economist for IBM, foresees a 1980 inflation rate of 9.5%, or double the level of only three years ago. Says he: "Inflation will continue as long ahead as we can see." Okun maintains that the latest surge of inflation has placed the economy on a higher price plateau, where it will stay for years to come. Even after the recession is over, he predicts, prices will be increasing...
...good news is that the Crimson field hockey team went on the road to Southern Connecticut Saturday and came home with a 1-0 victory. The bad news is that the stickwomen left the impressive ball-control offense they had sported in their previous outings back home in Soldiers Field, perhaps intended as some sort of good-luck charm for the Crimson gridders...
...Homestake contribution could be encompassed in a solid gold cube 12 ft. to a side, worth at present prices about $10 billion. But at Homestake, the road to El Dorado is mostly dark, deep, hot and dirty. The gold keeps getting harder to find and the tunnels and shafts grow deeper and longer. There are now 250 miles of underground cart tracks, and some shafts plunge so deep toward the earth's molten core that the temperature reaches 135° F. Expenses go on rising. It now costs $200 to extract each ounce of Homestake gold. That is high...
...treacherous road to an Islamic theocracy
...road show is called the "I Love America" rally. The author, producer and star is the Rev. Jerry Falwell, 46, a Baptist out of Lynchburg, Va. Back home, Falwell is the hyperactive founder and director of a religious empire that includes a thriving church, schools and charitable and fund-raising programs. Thanks to his Old-Time Gospel Hour, seen on 324 television stations in the U.S., Canada and the Caribbean, he is also one of the top stars of the "electric church." All told, his enterprises employ 950 people and have an annual budget of $56 million...