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Despite her success as a sovereign, Elizabeth II has not presided over a new Elizabethan age-for which her subjects, perhaps unrealistically, hoped when she ascended the throne. While living standards in general have risen almost 70% during her reign, a large part of these gains has been purchased by mortgaging the future through the amassing of a huge foreign debt (although the North Sea oil is beginning to change the economic picture). Indeed, the past quarter-century has witnessed enfeeblement and decline-the end of an empire, the shrinking value of the pound sterling, near stagnation of a formerly...

Author: /time Magazine | Title: BRITAIN: Jubilee Bash for the Liz They Love | 6/20/1977 | See Source »

Only a man steeped in the theater as Shakespeare was could have conjured up a band of rustics bent on drumming up a play to honor their sovereign's wedding. He cast them as journeymen actors arduously bent on not missing a cue while botching up a scene. With their comic earthiness, they very nearly steal the show. As for lofty gravity and the true melodic rendering of the Shakespearean line, Maggie Smith is one of the sweetest singers this side of Avon...

Author: /time Magazine | Title: The Theater: Stratford's Reunion with the Classics | 6/20/1977 | See Source »

Carter called the U.S. "the most wasteful nation on earth," adding: "We waste more energy than we import." Claiming that "we can't substantially increase our domestic production," Carter said the U.S. will become perilously dependent on increasingly costly imported oil. "We could endanger our freedom as a sovereign nation to act in foreign affairs," and we would "constantly live in fear of embargoes." There would be pressure "to plunder the environment" in a crash program to expand nuclear plants, strip mining and the drilling of offshore wells. Regions within the U.S. would compete with each other for supplies. "Inflation...

Author: /time Magazine | Title: The Nation: THE ENERGY WAR | 5/2/1977 | See Source »

Henry Kissinger sought to avoid this trap by arguing that policy must be based on a mutual self-interest, not on moral approval. Principles could be proclaimed, but any attempt to change conditions in other countries had to be made behind the scenes, if only because sovereign nations cannot allow themselves to be pushed around in public...

Author: /time Magazine | Title: THE ADMINISTRATION: Carter's Morality Play | 3/7/1977 | See Source »

Jamaica has many friends. One of them is Cuba. Your coupling of Jamaica with Cuba shows up a paranoia about our country asserting its sovereign right to choose its own friends...

Author: /time Magazine | Title: Letters, Jan. 24, 1977 | 1/24/1977 | See Source »

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