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Criminals are not known for following the daily fluctuations of commodities markets, but they do have a sense of the value of things. When copper prices begin to climb, urban vandals start pulling pipes out of abandoned apartment buildings. Gold prices soar, and thieves start ripping necklaces off passersby. Now, with aluminum prices on the rise (up 36% since 1979), black market entrepreneurs are starting to chop down and steal streetlight poles...

Author: /time Magazine | Title: Americana: Poles Apart | 4/27/1981 | See Source »

Look at almost any new movie, and you will find its spirit fettered in realism, soldered to the everyday. When a film attempts to soar into the oneiric, with voluptuous imagery and italicized feelings, it is likely to be grounded by those air-traffic controllers of popular culture, the critics. Excalibur is such a film. Viewers are advised to decide for themselves if John Boorman's retelling of the Arthurian romance is a dove or a dodo...

Author: /time Magazine | Title: Cinema: A Glorious Camp of Camelot | 4/13/1981 | See Source »

...rebellion against his budget plans before it ever really got started. When the President journeyed to Capitol Hill for a meeting with Republican congressional leaders on Tuesday, he had to contend with two bits of bad news. The nonpartisan Congressional Budget Office had just predicted that federal spending might soar as much as $25 billion above Reagan's forecast for the next fiscal year, and that the deficit might consequently balloon to a record $70 billion, vs. $45 billion projected by the White House. Reason: the CBO doubted that inflation and interest rates will come down anywhere near...

Author: /time Magazine | Title: Going Reagan Billions Better | 3/30/1981 | See Source »

They might also, according to some observers, be attending a state funeral -for the state of the art and the industry. Hollywood shows every sign of a town in crisis. The movie audience is shrinking as budgets soar toward the $40 million point and beyond. The average studio movie today costs $10 million to make and $6 million to publicize in newspapers and on television. Because of inflation and high interest rates, producers want to release films that will make their money back quickly. This means recycling the familiar into the surefire: 1980's biggest hit was The Empire...

Author: /time Magazine | Title: Cinema: The New Hollywood: Dead or Alive? | 3/30/1981 | See Source »

During the past four years the American dollar has sagged deeper and deeper, while the price of gold tended to soar higher and higher. In the past two weeks it has been the other way round. Gold has lurched lower, as the dollar has risen...

Author: /time Magazine | Title: Gold and the Dollar in a Flip-Flop | 2/16/1981 | See Source »

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