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...Vegas now runs to about 5,000 a month. In New York City, arriving Europeans want to see Times Square and Harlem and then fly south to Disney World. All this activity represents not just world prosperity but also the swooning collapse of the once almighty dollar, which has sunk 7% against the yen and 10.5% against the Swiss franc since July. Against gold, which is being feverishly traded in major markets, the dollar has slumped about 12% in the same period. The result has been to make the U.S. a bargain hunter's paradise for even middle-class foreigners...

Author: /time Magazine | Title: Nation: Dizzy Days for the Dollar | 9/4/1978 | See Source »

...Soviet relations have sunk to the lowest point in years...

Author: /time Magazine | Title: Nation: A Sadness the World Feels | 7/24/1978 | See Source »

...test borings of their own. They recognize that a few disappointments should not cause them to give up the search at sea. So far, only two test wells-the Conoco and Shell dry holes-have been drilled to completion in the Baltimore Canyon. By comparison, at least eleven were sunk into Alaska's North Slope before a good find was made. In the North Sea, it took 50 false starts, and in oil-rich Western Canada the number reached...

Author: /time Magazine | Title: Energy: Dry Holes and Discoveries | 7/24/1978 | See Source »

...Angel that were both sexy and funny, and when she laid down her pen, the formula seemed to be lost. My Little Chickadee, released in 1940, was her last major film. Now, two young producers, who had not even heard of Mae West until a few years ago, have sunk $4 million of inherited money into a film that attempts to prove that Mae is right-that she really does look 22-and that all the mirrors in the world are wrong. The result, Sextette, is one of those movies rarely seen these days, a work so bad, so ferally...

Author: /time Magazine | Title: Show Business: At 84 Mae West Is Still Mae West | 5/22/1978 | See Source »

...bunch of American sailors could figure this out after one month's visit, the MPLA's significant popular support was no big secret. But the American foreign policy establishment never knew about it until too late, until the United States had sunk millions of dollars into a vain anti-MPLA fight. The fight was in vain from the start, because, of the two alternatives to the MPLA in Angola, one (the FNLA) was an extension of Zaire's greed to acquire as much of Angola as they could, and the other (UNITA) became South Africa's pet project in Angola...

Author: By Tom Blanton, | Title: Book Review | 5/22/1978 | See Source »

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