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...shortages. That is causing considerable worry among the commissars. The trade-off for the deprivation of individual rights was always supposed to be steadily improving economic conditions. That is now proving ephemeral. So disillusionment, discontent and defections to the West are reaching epidemic proportions. If prices continue to soar, the political explosion could be immense...

Author: /time Magazine | Title: Business: How Communists Beat Inflation | 11/26/1979 | See Source »

November's price increases bear out his prediction. Global oil supplies are plentiful, yet prices continue to soar. The oil companies "are stockpiling oil as fast as it can be produced," reports the Wall Street Journal...

Author: By Celia W. Dugger, | Title: Never the Twain Shall Meet | 11/13/1979 | See Source »

...when the Eagles get off the ground, they soar. Joe Walsh spits out "In the City," perhaps the best cut on the album, with an anger that eclipses the past "Take It Easy" style of social commentary. The song works because it's a logical evolution from the old sound--not a self-conscious deviation from it. And in "King of Hollywood," Henley and Glenn Frey reiterate the old themes, but without the Hotel California gloss; this one is straightforward and un-hyped...

Author: By Nancy F. Bauer, | Title: Where Eagles Dare | 11/13/1979 | See Source »

...mood in the 54th-floor boardroom of Chrysler Corp.'s offices atop the Pan Am building in Manhattan was understandably subdued. Sales were still slumping, costs continued to soar, and back in Detroit the company had earlier in the week announced a third-quarter deficit of $461 million, by far the largest quarterly loss in its troubled financial history...

Author: /time Magazine | Title: Business: Big Loss, Bigger Bailout | 11/12/1979 | See Source »

Sheila Madden Providence Thank you, TIME, for supercoverage of a superstar whose love has made our hearts soar with joy like a bird in flight, like a child on a Christmas night. Dzie-kuje [Thank you] John Paul...

Author: /time Magazine | Title: Letters, Nov. 5, 1979 | 11/5/1979 | See Source »

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