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...single day of trading. A sharp slump in bank issues helped drive the Dow Jones industrial average to 1103.43, its lowest level in 15 months. In bond trading, prices also sank. Elsewhere, sell-offs rocked the London Stock Exchange, and the high-flying U.S. dollar went into a steep tailspin...

Author: /time Magazine | Title: A Bad Case of the Jitters | 6/4/1984 | See Source »

They could not find their cave, which, like their youth, had vanished under more than 40 years of erosion. But as the three Americans, puffing and sweating, clambered back up the steep Philippine hillside, they knew they had shared the pleasure of searching...

Author: /time Magazine | Title: In a U.S. School: A Homecoming | 5/21/1984 | See Source »

...hours west of Hanoi, the dirt road begins to climb into jungle-covered mountains whose jagged, rocky peaks reach effortlessly into the clouds. The Soviet-built tourist bus, careering around hairpin turns and over steep grades, is shaken down to its ineffectual shock absorbers. At midday, a convoy of Vietnamese troops rumbles by in World War II-type trucks, red flags snapping in the breeze. They are headed for duty in Laos, where about 50,000 Vietnamese troops are supporting the Pathet Lao regime and guarding the Chinese border...

Author: /time Magazine | Title: Viet Nam: Where France Lost an Empire | 5/21/1984 | See Source »

...crisis of the 1970s and the global recession of the early 1980s have turned the IMF into the Third World's principal banker. After OPEC quadrupled oil prices in 1973, developing countries like Brazil borrowed heavily from private banks, in part to pay their steep oil bills. Meanwhile, Mexico and other poor countries with large oil reserves felt themselves suddenly rich and sought money to finance ambitious development projects...

Author: /time Magazine | Title: Turbulent Times for the IMF | 5/21/1984 | See Source »

...Indy, Willie and Indy's pre-teen sidekick Short Round (Ke Huy Quan) before the end of reel one. A hairbreadth escape through the bustling back streets of Shanghai! A scarifying ride in a pilotless plane! A midair bailout in a raft that bounces them onto a steep mountain slope for a wild toboggan ride off a cliff and into a raging river whose rapids carry them to ... But you get the idea. An army of professionals-439 listed in the credits-has set the narrative motor purring in high gear...

Author: /time Magazine | Title: Cinema: Keeping the Customer Satisfied | 5/21/1984 | See Source »

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