Word: though
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Dates: during 1970-1979
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Senior Writer Michael Demarest, who wrote the story on the growing rage to collect everything from Bruegels to Barbie dolls, is a traditionalist in these matters. "A Louis XV marquetry cabinet would be nice," he says, "though I would be quite content to receive a second painting by Jack Yeats [Poet William Butler Yeats' brother] to go with the one I have." Demarest began covering the auction scene-and, inevitably, acquiring some treasures for himself-while stationed in TIME'S London bureau from 1958 to 1961. "It was convenient," he says, "and I got very good advice. Sotheby...
...snowmobile? As the day approaches, the spirit settles over them, too, like fresh snow on a busy town. Parents come round last, rushing from toy stores to cocktail parties, muttering about the cost of evergreen trees, chilled by the cold glare of Christmas bills to come. By Christmas Eve, though, everybody is a willing conspirator...
Within hours, however, this was denied by Foreign Minister Sadegh Ghotbzadeh, who, since taking office four weeks ago, has apparently been searching for a way out of the impasse. He promised that "no trial will go on," though the government still intended to convene an "international grand jury" to investigate the "Shah's crimes and American foreign policy here." In the meantime, he said, release of some hostages before Christmas was "possible but not certain." Added Ghotbzadeh: "We will try to do our best to defuse the crisis. I certainly don't want to have this crisis forever...
JOBS. The success story of 1979 has been the remarkable rise in jobs, but opportunities will dry up next year. Though plenty of openings will remain for the skilled, untrained workers will be let go and let down. Unemployment, which dropped slightly last month to 5.8%, is expected to rise to 7.7% by the final quarter of 1980. That will be not nearly as severe as the recent peak of 9% in May 1975. Most board members agree that unemployment will hit a high around Election Day in November, which will hurt Jimmy Carter, and that the jobless rate again...
...will rise from $1,404 to $1,588 a year for anybody earning $25,900 or more. The Board of Economists expects that, in all, taxes will be cut by about $30 billion, including a reduction of some $10 billion for business, probably in the form of liberalized depreciation. Though such a move would increase the deficit at first, it would soon after pay dividends. By helping to sharpen the nation's efficiency, it would combat many of the problems that the U.S. economy encountered in a year of troubled change...