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...bigger benefit of decontrol will come from increased domestic production. When prices are free to climb to the world level, domestic output is likely to rise as companies pump more oil out of existing wells that are now uneconomical to keep on stream. The battle between Carter and the oil industry over his windfall profits tax concerns whether decontrol will also lead to increased exploration and drilling of new wells that will raise production. The President has repeatedly hit the industry with the charge that oilmen will just pocket the profits from decontrol. Even under existing price controls, however...

Author: /time Magazine | Title: Inside the Big Oil Game | 5/7/1979 | See Source »

...like The Betsy and The Boys from Brazil became memorable in his hands: Who could forget his parody of a Midwestern accent in the former or his rapturous cigarette smoking in the latter? Olivier is such a sly devil that he could make his Oscar acceptance speech, a riotous stream of sheer poppycock, sound as though it were a Shakespearean soliloquy. As TV audiences saw, it was enough to addle Fellow Oscar Winner Jon Voight's brain for the rest of the night...

Author: /time Magazine | Title: Cinema: Pros at Play | 5/7/1979 | See Source »

Like the team, though, Brownie has lapsed this year--and this time around, a stream of scouts has been there each time to check him out. As a rule, scouts do not say much to reporters, but what they have said this year indicates that getting Brownie is not exactly considered crucial to the lives of their respective franchises. Unlike teammate Stenhouse, Brown will probably not go in the top round or two of the June 5 draft...

Author: By John Donley, | Title: What's Wrong, Brownie? | 5/4/1979 | See Source »

Tamed years ago by the building of Ross Barnett Dam and Reservoir four miles north of Jackson, Miss., the Pearl River has been a placid, peaceful stream. But last week unwary residents along its banks scrambled to get out of the way of its onrushing water. In some of Jackson's finest neighborhoods, owners of $100,000 to $200,000 homes frantically heaved furniture and other possessions onto their rooftops as the river spilled 25 ft. over flood stage and lapped at the eaves. Residents in boats actually had to look down at nearly submerged street signs to know...

Author: /time Magazine | Title: Nation: The Pearl Proves Costly | 4/30/1979 | See Source »

IRELAND. The west coast is another of the world's beauty spots where dollars are still emerald green. It is caressed by the Gulf Stream, and the summers are usually mild and pleasant. At hostelries like the converted Kinsale monastery at the mouth of the Bandon River (double room: $50), history is in the air, but the comforts are strictly modern. Some west coast castles and stately homes have been transformed into hotels with swimming pools and tennis courts. The salmon and trout, as they say, are beggin' to be caught. No self-respecting village is without its choice...

Author: /time Magazine | Title: Special Report: Europe: Off the Beaten Track | 4/30/1979 | See Source »

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