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...silently into the TV screen. He and Reagan had little to say to each other; there was not a great deal more familiarity between the two men than when Schweiker's name was first proposed and Reagan did not even know who he was. It had been a ruinous mismatch...

Author: /time Magazine | Title: THE ALSO-RANS: The End of the Ride | 8/30/1976 | See Source »

...coup against the late, disgraced Emperor Haile Selassie nearly two years ago, Ethiopia's revolutionary experiment in "scientific socialism " has proved to be as eccentric and quixotic as anything decreed by the old kingdom. In addition to the unresolved civil war in Eritrea and successive years of the ruinous drought that led to thousands of deaths by starvation, the Dergue has had to cope with a staggering array of other problems, including widespread internal discontent, armed rebellion in the countryside, and bitter antagonisms with neighboring countries. After visiting Ethiopia, TIME Correspondent William McWhirter reported...

Author: /time Magazine | Title: ETHIOPIA: A Land of Anarchy and Bloodshed | 5/31/1976 | See Source »

...Correspondent Robert Ajemian: "A lot of people have been waiting for him to stumble over his own piety. His statement showed a certain insularity in his thinking-a narrow outlook rather than a broad one. If the mistake had come earlier, before his primary victories, it could have been ruinous. Many people are already likening it, despite significant differences, to Edmund Muskie's crying in 1972, or George Romney's 'brainwashing' in 1968." As it is, Carter was badly damaged, and his road to recovery may be long and painful...

Author: /time Magazine | Title: THE CAMPAIGN: Candidate Carter: 1 Apologize' | 4/19/1976 | See Source »

...must be, as the fledgling Prime Minister declared in a nationwide television address, "the vital job of bringing down the rate of inflation." The rate, which in the year ending last June was as high as 26%, has dropped over the six months ending Feb. 29 to the less ruinous annual rate of 13.3%. This has largely resulted from the Wilson government's imposition last July of a limit on wage hikes of ?6 (then worth $ 13.20, or about 10% of the average wage...

Author: /time Magazine | Title: BRITAIN: Enter Un-Sunny Jim | 4/19/1976 | See Source »

Survival Strategies. The rising terror has been coupled with ruinous inflation, currently running at a rate of 600% a year and caused largely by the feckless government economic policies. While the treasury presses out billions of pesos each week to finance rising deficits, the Peron regime has tried to soften the inflation's impact on wage earners by imposing artificial ceilings on service and commodity prices. These ceilings, in turn, have severely squeezed farmers and businessmen, with the result that goods and services are simply disappearing...

Author: /time Magazine | Title: ARGENTINA: Edging Closer to Open Chaos | 3/29/1976 | See Source »

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