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...thought the U.S. would suffer less from the oil squeeze than other countries, and because they were impressed by the fact that two painful dollar devaluations had swung the U.S. trade balance back into the black. The turnaround proved shortlived; in recent months the dollar's value has sunk enough to wipe out almost all the gains posted during the fuel crisis...

Author: /time Magazine | Title: MONEY: Setback for the Greenback | 5/13/1974 | See Source »

...banks and to clear it of wreckage. Throughout its 107-mile length, the canal is littered with the detritus of war. In a segment only one kilometer long, British minesweepers have detected 180 objects. In other parts of the waterway, tanks, trucks, boats and twelve large ships are sunk and await a massive salvage effort. An additional 16 ships, with skeletal crews guarding them, are rusting but still afloat in the Great Bitter Lake, trapped since the 1967 fighting...

Author: /time Magazine | Title: The World: Clean Sweep of the Canal | 5/6/1974 | See Source »

...great progress goes on." Against heavy odds, John Clive, a professor of history and literature at Harvard, manages to build a respectable case for a respectable Macaulay. Ten years ago Clive's Macaulay might have earned equally admiring reviews in the back pages of literary periodicals, then sunk like a Victorian bust in the Thames. Today it stands massively in all the best bookstore windows, a nominee for this year's National Book Awards in not one but two categories-history and biography...

Author: /time Magazine | Title: Books: Victorian Bust | 4/22/1974 | See Source »

...investigation; each afternoon the police must give a precinct-by-precinct report on the disposition of suspects. Arraignments now usually come within 24 hours, a trial date is set within five or six days, and trial begins in 60 to 90 days on the average. Jail population has -sunk well below 1,000. Court is held 365 days a year. A Jewish judge takes the duty on Christmas...

Author: /time Magazine | Title: The Law: Order in Court | 4/1/1974 | See Source »

...commonly attributed to the world wide attraction of its universities, these institutions are not the backbone of multinationalism in the city. For outside the Ivied libraries of Harvard and the computer rooms of MIT is a Cambridge that would be international in character even if the universities had never sunk their intellectual roots here...

Author: By Peter A. Landry, | Title: Cambridge's Forgotten Minority | 3/22/1974 | See Source »

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