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Economists, proud and powerful in the 1960s, now look like Napoleon's generals decamping from Moscow. Their past prescriptions ?tax tinkering and Government deficit spending to prop up demand, wage and price guidelines to hold down inflation?have been as helpful as snake oil. "Things just do not work now as they used to," says former Federal Reserve Chairman Arthur Burns, and who can contradict him? The U.S. economy, bloated and immobilized, has been turned topsy-turvy...

Author: /time Magazine | Title: To Set the Economy Right | 8/27/1979 | See Source »

...true this tale was. And how initially refreshing. The gasoline lines in New York City indeed snake to the horizon. Even the natives may purchase gas only on an odd day here, an even there. Lo, how it heartened them to know that the inconvenienced diplomat was Salah Omar al-Ali, the ambassador from Iraq, he whose land has helped make oil dear as gold...

Author: /time Magazine | Title: Nation: A Petroleum Parable | 7/16/1979 | See Source »

There is no way to describe the greasy, sticky, feeling of self-loathing that seeps into your skin on a Trailways Bus from Boston to Daytona Beach, Florida. No adjectives sufficiently apply. This feeling is more like an instinct, akin to that of a snake struggling out of its skin...

Author: By David A. Demilo, | Title: Like Lemmings to the Sea... | 7/6/1979 | See Source »

Here at last is the book for parents who have been bemused by the way their college-age children treat what was once regarded as academic Arcadia, the U.S. liberal arts college, as if it were a cross between a snake pit and a Marine boot camp. Lansing Lament's Campus Shock (Dutton; $8.95) is a reporter's notebook of horrors, gleaned from 675 interviews in the eight Ivy League schools, plus the University of Michigan, the University of Chicago, Stanford and Berkeley...

Author: /time Magazine | Title: Education: Poisoned Ivy? | 7/2/1979 | See Source »

...bugged me," says Adams, "was the misuse of the automobile in this city." Day after day, he went to work bumper to bumper, crawling at 5 m.p.h. to 15 m.p.h. around the Kennedy Center, burning gas, inhaling everybody else's fumes. He was caught in a monstrous mechanical snake, frustrated and angry. The insurance costs on his own 1971 Ford station wagon and 1973 Maverick jumped. A battery went dead one rainy morning, and he had to drive unshaven to Sears for a replacement. There was a line, so he had to take a number, like somebody...

Author: /time Magazine | Title: THE PRESIDENCY by HUGH SIDEY: Toward a Peanut Butter Car | 6/11/1979 | See Source »

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