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...swoopingly rhythmic gate-to-gate dance that makes his style instantly recognizable. Just at the penultimate gate, Stenmark slid down so low on his right ski that his body was canted almost parallel to the snow. For an instant, it looked as though his try for gold would vanish in a white detonation of arms and legs and skis. Instead, Stenmark simply reached down and pushed himself up with his right hand. But the near fall slowed him just enough to leave him in third place, behind Liechtenstein's Andreas Wenzel and Austria's Hans...

Author: /time Magazine | Title: Olympics: A Stunning Show, After All | 3/3/1980 | See Source »

...view that the American standard of living would have to decline-a serious crack in traditional capitalist optimism. The '70s reverberated with dark prophecies. In 1972 the Club of Rome proclaimed "the limits to growth." Economist Robert Heilbroner preached the Hobbesian nightmare, hell on earth as resources vanish and social systems deteriorate. Another economist, Harvard's Wassily Leontief, gave the world only 20 years for a kind of last fling before its primary sources of energy are exhausted. That was the apocalyptic streak...

Author: /time Magazine | Title: Last Look At The '70s: Epitaph for a Decade | 1/7/1980 | See Source »

...Jones' Love and the Pilgrim, sold in 1898 for .?5,775 ($28,000), dropped to ?21 ($85) within less than 50 years. If artists who in their day were considered outstanding, whose work was underwritten by the capital and by the social opinions of a powerful empire, could vanish into the oubliette, there is no reason to suppose that the same thing may not happen to their modern equivalents-the Rothkos and Newmans, the Warhols and Johnses, and even (blasphemous thought!) some of the Picassos. What goes up is quite able to come down. It only needs a little...

Author: /time Magazine | Title: Time Essay: Confusing Art with Bullion | 12/31/1979 | See Source »

...wait and see" attitude are appearing among some buyers who think that mortgage rates may soon ease back. Michigan Entrepreneur Warren Avis, founder of the Avis Rent A Car system, was quickly filling a 120-unit condo conversion in Detroit last month, but saw many of his customers vanish as mortgages rocketed. Says he: "All of a sudden we got slugged in the guts. The last four weeks have broken the back of buying...

Author: /time Magazine | Title: Business: But Holding High on Flats | 11/19/1979 | See Source »

...that the U.S., with the rest of the West, has fallen into dangerous decline. The case might be argued thus: the nation's pattern is moral and social failure, embellished by hedonism. The work ethic is nearly as dead as the Weimar Republic. Bureaucracies keep cloning themselves. Resources vanish. Education fails to educate. The system of justice collapses into a parody of justice. An underclass is trapped, half out of sight, while an opulent traffic passes overhead. Religion gives way to narcissistic self-improvement cults...

Author: /time Magazine | Title: Time Essay: The Fascination of Decadence | 9/10/1979 | See Source »

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