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...though, was not apologizing last week for its economic policies. In fact, it was preaching its free-market program to the less developed countries. Said President Reagan to the 11,000 central bankers and financiers: "The societies that have achieved the most spectacular, broad-based economic progress in the shortest period of time are not the most tightly controlled nor necessarily the biggest in size nor the wealthiest in natural resources. No, what unites them is their willingness to believe in the magic of the marketplace...

Author: /time Magazine | Title: A Whiff off Panic | 10/12/1981 | See Source »

...meter run, was on the Koblenz menu-but meet organizers quickly obliged Ovett's request and lengthened the finish line by the required 120 yds. As good as his word, Ovett flashed across the tape in 3 min. 48.40 sec. His feat set another record: shortest time needed to break a new mile record...

Author: /time Magazine | Title: Sport: Can They Top This? Stick Around | 9/7/1981 | See Source »

...ministers of the 21-member Arab League issued a tough but predictable resolution condemning the attack, calling for a halt to all U.S. assistance to Israel and demanding U.N. sanctions in retaliation for the assault. Arab League Secretary-General Chedli Klibi declared the session to be "one of the shortest and most successful Arab meetings to date...

Author: /time Magazine | Title: Attack - and Fallout: Israel and Iraq | 6/22/1981 | See Source »

...Great White Way many great musicals have transcended thin scripts. People don't go to a musical for the story; they want Show Tunes, and that is where Woman of the Year falls shortest of all. Fred Ebb and John Kander, who did Cabaret. Chicago and the film New York, New York (which included Frank Sinatra's new theme song), wrote the lyrics and music, creating an inoffensive score without a single memorable tune. It's standard Broadway muzak, which cries out for a powerful voice--at least--to enliven the proceedings...

Author: By Jeffrey R. Toobin, | Title: The Back Page | 2/10/1981 | See Source »

...services at an annual rate of 9.9% in the second quarter, added 1.7 million people to the jobless rolls in April and May, and contributed to the largest quarter-to-quarter surge in unemployment ever recorded in statistics that date back to 1940. The recovery that followed was the shortest on record, and very weak. In much of the nation it was never even felt. The unemployment rate, for instance, dropped only from a peak of 7.8% in May and July to 7.4% in December, and now is expected to go up again, probably past...

Author: /time Magazine | Title: The Biggest Challenge | 1/19/1981 | See Source »

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