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...million. Biggest thing ever. $30 million. I'm the champ, he ain't nothin' but a chump!" The man at ABC has had enough. With Ali still screaming in the backround, the slur won't go away, the scene shifts to Scott Ledoux, who is complaining about absorbing a thumb...

Author: By Nevin I. Shalit, | Title: Muhammad Ali: Losing the Real Title | 7/15/1980 | See Source »

...them. The only major title to elude him is the U.S. Open. He lost a close match to Connors in the 1976 finals ("My most bitter defeat"). A shoulder injury caused him to default in 1977. He was beaten again by Connors in 1978, when an injured thumb severely hampered his game. Last year he was eliminated by Roscoe Tanner, one of the few players around with the kind of big serve that can negate Borg's base-line game. His frustration at failing to win the American leg of the grand slam has never healed. "The U.S. Open...

Author: /time Magazine | Title: Sport: The Tennis Machine | 6/30/1980 | See Source »

...time ticked away in long seconds toward that moment when the signal would come that the mission was on. The commander received his orders. The soldiers and airmen were watching his face. He turned and jammed his fist into the air with his thumb up. Shouts shattered the stillness. It was a brief burst. There were no bands and no U.S. flags. The next stir was the big turbo props coming to life-then the transports lifting off into tragedy...

Author: /time Magazine | Title: THE PRESIDENCY by HUGH SIDEY: The Essence of Courage | 5/19/1980 | See Source »

Technically, the National Bureau of Economic Research will perform the economic autopsy later this year and, if the numbers hold up, declare the recession official. The rule of thumb definition is two consecutive quarters of decline in gross national product. Though the nation's business actually grew by a scant 1.1% in the first quarter, the economy is sinking fast. Retail sales slipped 1.6% in February and then an additional 1.3% in March. In response, businessmen are pulling back; factory output tumbled .8% in March, following a .2% drop in the previous month. Finally, perhaps the two most important...

Author: /time Magazine | Title: Business: The Wolf Has Arrived | 4/28/1980 | See Source »

...impact spreads. The rule of thumb in the housing industry is that the laying off of a single worker by homebuilders results in two additional layoffs in related industries like cement, copper tubing, building materials and wood. The signs are already ominous. Oregon Governor Victor Atiyeh reports that sawmills in his state are "closing almost daily." The Western Wood Products Association notes that 141 lumber mills in the twelve Western timber states have already closed and an additional 249 have curtailed production...

Author: /time Magazine | Title: Business: Housing's Roof Caves In | 4/28/1980 | See Source »

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