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...were telephoned by the State Department and told to be prepared for a breakthrough. Many of them made ready to fly to Frankfurt and meet the hostages at their presumed arrival point, an Air Force base in Wiesbaden, West Germany. Then, as had happened so many times before, expectations sank back to earth. The Majlis said that the hostages would be released in groups as conditions were met, and Muskie rejected any piecemeal return. But Carter did agree in principle to meet Khomeini's four conditions, to the extent that they were consistent with...

Author: /time Magazine | Title: The Long Ordeal of the Hostages | 1/26/1981 | See Source »

...midday the Dow Jones industrial average had fallen 31 points, although it recovered slightly in the afternoon to close down 23.80 points on a volume of 92.9 million shares. It was the busiest session in the 188-year history of the exchange. The following day, the Dow Jones index sank another 15.19 points...

Author: /time Magazine | Title: Granville Stuns the Market | 1/19/1981 | See Source »

...Form 1040. Like many tax-shelter schemes, the offer attracted big names with big money: Basketball Stars Spencer Haywood and Earl ("the Pearl") Monroe, Candid Camera Host Allen Funt, Rock Singer Alice Cooper and Model Margaux Hemingway. The late Elvis Presley was the biggest customer of all: he sank $500,000 into the enterprise...

Author: /time Magazine | Title: Law: Crackdown on a Coal Caper | 12/15/1980 | See Source »

...single valid reason why Harvard should not follow the examples of Brown, Yale, Princeton and others and show a full-fledged commitment to a Third World center. Students at these other schools are enthusiastic in their support for the centers, variously describing them as indispensable, crucial, and valuable. Princeton sank $250,000 into its center to build an annex, and its center enjoys a wealth of programs...

Author: NO WRITER ATTRIBUTED | Title: The Whys Of A Third World Center | 11/5/1980 | See Source »

...Democrat is a man, the Republican is a woman, but there ends the major difference between the contestants for the Florida Senate seat being vacated by Democrat Richard Stone. William Gunter, 46, who sank Stone in a primary runoff, has been a strong consumer advocate as state insurance commissioner since 1976. He ordered auto insurance companies to cut their premiums by more than $125 million. Republican Nominee Paula Hawkins, 53, earned a similar reputation as a member of the state's public service commission from 1972 to 1978 by voting against utility rate increases...

Author: /time Magazine | Title: The Senate: Issues on the Sidelines | 11/3/1980 | See Source »

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