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...wheat prices rise or fall according to world supply. Last year wheat was plentiful, and the prices sank to $2 a bushel...

Author: /time Magazine | Title: In Montana: Rolling North with the Wheaties | 9/4/1978 | See Source »

Many people have accused governments of piracy, but few have as good cause as Melvin Fisher. In 1971 Fisher, 56, located a Spanish galleon that sank off the coast of Florida in 1622 carrying 47 tons of gold and silver. Since then, he and his company have been diving for the treasure, which could be worth as much as $600 million. The mission's cost so far: $5 million and four lives, including that of Fisher...

Author: /time Magazine | Title: AMERICANA: Finders Keepers | 9/4/1978 | See Source »

...trouble is that anyone waiting for rationality in the foreign-exchange and gold markets may have to wait a very long time. Last week's trading was an example: though there was no special news to drive the dollar down, it sank to record lows against the yen, mark and Swiss franc, and also declined against the British pound, which bobbed briefly over $2 for the first time since 1976. Despite the later rally, at week's end the dollar had registered these drops just since mid-July: 7% against the yen, 3.5% against the mark, 10.5% against...

Author: /time Magazine | Title: Business: Greenbacks Under the Gun | 8/28/1978 | See Source »

...exterminating them. Unfortunately, no one seems to want to make tense little movies any more, least of all Irwin Allen, who has prospered with the likes of The Poseidon Adventure and The Towering Inferno, in which potentially amusing premises were so heavily encrusted with "human interest" subplots that they sank of their own weight...

Author: /time Magazine | Title: Cinema: Quick Cuts | 8/21/1978 | See Source »

...Anglican Church was once so upper-crusty English that an 18th century wag called it "the Tory Party at prayer." That was before the British Empire carried Anglicanism into the colonial hinterlands, where it sank indigenous roots and waxed while the Empire waned. Today Anglicanism has become a loose "communion" with 65 million adherents belonging to autonomous churches in 165 nations scattered from Canada to Zambia. To be sure, there are still many tea-sipping High Church bishops, but there are as well a few black ones with more than a passing interest in Marxism. And though the "mother" Church...

Author: /time Magazine | Title: Religion: Unity at Canterbury | 8/21/1978 | See Source »

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