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...increase. Sweden, expecting a $3.6 billion balance of payments deficit by year's end and struggling with an annual rate of inflation at about 16%, last week devalued the krona by 10%, and is considering other austerity measures. The country also pulled out of the European monetary "snake," the collection of currencies tied to the West German mark, because Stockholm wanted to devalue the krona much more than snake rules allow. Because their economies are closely tied to Sweden's, Denmark and Norway felt obliged to devalue their own currencies by 5%, but neither followed Sweden...

Author: /time Magazine | Title: Business: But Europe Is In a Stall | 9/12/1977 | See Source »

Lawyers and clerks who have worked with Johnson describe him as a no-nonsense administrator with an innate sense of justice. "God pity the Mafia," said Alabama Attorney George Dean. "He's mean as a snake on crime." But he does not lack compassion. In one case, a white man was accused of persuading several black youths to steal peanuts from a warehouse; the jury convicted the blacks but acquitted the alleged ringleader. Johnson sentenced the youths to 30 minutes in the custody of a U.S. marshal...

Author: /time Magazine | Title: The Nation: Gilt-Edged Choice for the FBI | 8/29/1977 | See Source »

...sound-and-light show designed to give anyone (or anything) that might intercept the ship an idea of what things are like back on Earth. Earthly images include slides showing human anatomy and a diagram of human conception, mathematical formulas, and a shot of Idaho's spectacular Snake River. Among the recordings: street sounds, the cry of a newborn baby, the hum of a string quartet, the roar of a Saturn rocket lifting off. Also included is a greeting written and read by President Carter. "This is a present from a small, distant world," his message begins. "A token...

Author: /time Magazine | Title: Science: Space Age Grand Tour | 8/29/1977 | See Source »

...will move so deep that his left foot is completely-and illegally-out of the box. Says Carew: "The further back I am, the longer I can look at the pitch." When he has had his look, his wrists slash the bat toward the ball-quick as a striking snake. Carew has the wrists and forearms of a heavyweight, the result of a regular routine of weight lifting. He keeps a dumbbell in his locker in the clubhouse: on the field before games, he curls a 13-lb. metal bar habitually, almost absentmindedly. Says Twins Third Base Coach Karl Kuehl...

Author: /time Magazine | Title: Baseball's Best Hitter Tries for Glory | 7/18/1977 | See Source »

CENTRAL FLORIDA. Disney World at Orlando is, of course, the magnet. An hour's drive away, at Tampa, is Busch Gardens' Dark Continent, which features not only exotic African beasts on a Serengeti-esque plain but also such other threatened species as snake charmers and belly dancers. Tampa, with good beaches and reasonable prices, is a fine base for a vacation that might also include visits to Orlando's attractive Sea World, Circus World and a waxworks museum, the Stars Hall of Fame, featuring Hollywood greats...

Author: /time Magazine | Title: Here Comes Summer: Pop Xanadus of Fun and Fantasy | 7/4/1977 | See Source »

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