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...never dealt in the lofty sums now being discussed. The Chinese hope to finance their modernizations through development of oil exports, through joint ventures in which they pay off their debts in goods manufactured in foreign-built mainland factories, and through their immense human resources: manpower and discipline. One shadow over the New Long March, however, is doubt that the primitive Chinese economy can rouse itself to meet the price. One freewheeling guess is that the Four Modernizations could cost $800 billion by 1985 The Chinese consumer market may be a long time in developing. Despite all the current capitalist...

Author: /time Magazine | Title: Man Of The Year: Visionary of a New China | 1/1/1979 | See Source »

...since Newton had anyone devised a more precise explanation of gravity?the universal "glue" that pervades everything, from minuscule atoms to massive stars. Yet for all the significance to modern physics of Einstein's 1915 general theory of relativity, his complex equations have still not been proved beyond a shadow of a scientific doubt...

Author: /time Magazine | Title: Science: Einstein's Wave | 12/25/1978 | See Source »

This crazy house is not all that crazy. Shepard links his characters, however kinky, to the blood consciousness of D. H. Lawrence, to mythic forces that defy the intellect yet stir primal fears and lusts. The cast is exemplary, paced by Hamilton's Dodge, a blistered shadow of Lear on a parched prairie heath.-T.E.K...

Author: /time Magazine | Title: Theater: Crazy Farm | 12/18/1978 | See Source »

...Borghese woman?" aides finally defined her as a person of sophisticated elegance?and, one gathers, refined eroticism. Ads for Borghese perfume ("The Perfume of the Night") feature an obviously nude woman, her head and shoulders bathed in a rosy glow, the rest of her body outlined in deep shadow. Bergerac's favorite ad, which shows a bare-breasted Borghese woman in silhouette, also ran in the Revlon annual report...

Author: /time Magazine | Title: Cosmetics: Kiss and Sell | 12/11/1978 | See Source »

Hype and hoopla apart, is there any difference between expensive and popular-priced cosmetics? Yes, there is some. High-priced eye shadow may contain fish scales for extra shine; prestige perfumes have more natural essential oils and fewer synthetic ones than cheaper scents. But Francis Le Cates Jr., a cosmetics analyst at Donaldson, Lufkin & Jenrette, estimates that on average only 80 of the cosmetics sales dollar goes to pay for ingredients. The extra cost of the better ones used in prestige products comes nowhere near accounting for the difference in selling price. The real difference is in fancier packaging, splashier...

Author: /time Magazine | Title: Cosmetics: Kiss and Sell | 12/11/1978 | See Source »

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