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...neglected energy sources is transforming the ranching economy of the whole Rocky Mountain region. In Montana, a $700 million electric generating complex is being built to convert local coal into power for the Pacific Northwest. In Colorado, a consortium of twelve companies is experimenting with ways to tap the oil and gas held in the state's vast shale deposits. In Utah, the leasing of shale lands has pumped $120 million into the state's coffers. But it is in Wyoming, where the antelope still play beside highways, that the changes are most noticeable...

Author: /time Magazine | Title: RESOURCES: Boom of Mixed Blessings | 8/5/1974 | See Source »

...dealings were to return to normal, international bankers face another major problem: stagnation in the "Eurocurrency" market. This is a giant, unregulated pool of dollars, pounds, marks and other currencies that has been deposited in banks outside the country of issuance. Companies and even governments have been able to tap the market freely for loans that played a major role in financing trade. The currency pool is continuing to grow in size (see chart following page) but nervous investors these days are making only short-term deposits; the banks are reluctant to make any long-term Eurocurrency loans. Thus...

Author: /time Magazine | Title: BANKING: An Epidemic of Eurojitters | 7/22/1974 | See Source »

...superficial image of musical comedy is something Rubins would like to change. His own songs are thoughtful, even melancholy. "In musicals when there's a choice between a clever rhyme and an honest feeling, most people go for the gimmick," he says. "Ideally, musicals should be more than just tap dancing and legs...

Author: By Michiko Kakutani, | Title: What's on Josh Rubins's Mind? | 7/12/1974 | See Source »

...Mexican lawyer. The Post disclosed that the break-in had been part of a larger intelligence-gathering effort and named those who controlled the program's funding. The Los Angeles Times got an exclusive interview with Alfred C. Baldwin, the ex-FBI agent who had monitored C.R.P.'s tap on Democratic telephones. TIME described the links between the White House and the efforts to sabotage the campaigns of several Democrats. Later TIME revealed another phone-tapping operation, one which

Author: /time Magazine | Title: COYER STORY: COVERING WATERGATE: SUCCESS AND BACKLASH | 7/8/1974 | See Source »

...there were some. A serious Washington Post blunder occurred in October 1972. Immediately after the Los Angeles Times interview with Alfred Baldwin, Woodward and Bernstein came back with a story naming three men as recipients of the phone-tap transcripts that Baldwin had delivered to the Committee for the Re-Election of the President. The names were picked up by other publications, but it turned out that the Post reporters had grabbed some raw, garbled FBI data. "The decision to rush into print was a mistake," Woodward and Bernstein wrote later...

Author: /time Magazine | Title: COYER STORY: COVERING WATERGATE: SUCCESS AND BACKLASH | 7/8/1974 | See Source »

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