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Even by the standards of the 1970s, the decade of recurring recession, relentless inflation and repeated runs on the no longer almighty dollar, it was a wild week. For some time, Americans had seemed able to ignore or nimbly thrust out of mind repeated symptoms of their out-of-joint economy, like alarming new price rises and further drubbings of the greenback abroad. But last week those distant, or perhaps too familiar, woes hit home, and hard, in a burst of financial hysteria that engulfed markets, speculators and ordinary investors big and small from Wall Street to Main Street...

Author: /time Magazine | Title: The Squeeze of '79 | 10/22/1979 | See Source »

...Catholic guerrillas. Said he: "I don't believe they should do things that way because violence begets violence." The cardinal and other church leaders also fear that a witch hunt by the government could divide the church. Army commanders, in fact, have threatened to root out "the subversive thrust of religious radicals." So far, the regime has refrained from making any arrests, perhaps out of concern that just as violence can beget more violence, so repression can breed radicalism...

Author: /time Magazine | Title: PHILIPPINES: Sandigan | 10/22/1979 | See Source »

...style has much in common with the fantasy of Kafka, Borges, Stanislaw Lem and Gabriel Garcia Marquez; as in Kafka's The Castle and Lem's Memoir's Found in a Bathtub, Abe's new novel presents a protagonist thrust into an absurd, alien environment with a mission he must accomplish. In the former, a gentlemen K., claiming to be a land surveyor, sets out to reach the castle, while Lem's memoir-writer must wander through endless corridors to escape from a vast underground military complex. In Secret Rendezvous, the labyrinth is an enormous hospital, and the unnamed protagonist...

Author: By Peter M. Engel, | Title: Illness as Simile | 10/20/1979 | See Source »

...Harvard, and everyone he meets has had a memorably bad experience with a Harvard graduate. Harvard has given Starbuck a one-way ticket to the top, but it hasn't put out the net to catch him when he falls. And he does fall, of course, only to be thrust on the escalator again by the omnipresent invisible hand that is the ghost of Harvard past...

Author: By Nancy F. Bauer, | Title: Kilgore Trout Goes to Harvard | 10/20/1979 | See Source »

...think American Catholicism is in great shape," said Father Theodore Hesburgh, president of the University of Notre Dame, last week. Hesburgh cited the church's "openness, its general thrust of concern about deep social problems," as reason for optimism. "I know the list of issues, " he added, referring to church division over abortion, contraception, unmarried clergy. "These are not what 90% of the Catholics are concerned about." Many American Catholics do not agree. The Roman Catholic Church, especially in the U.S., is living through trying times. Last week TIME asked a number of leaders, Catholic and non-Catholic...

Author: /time Magazine | Title: The Pope In America: Offering an American Perspective | 10/15/1979 | See Source »

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