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...just five months, the President's Stage II anti-inflation effort is flagging. In March wholesale prices zoomed 1%, or at a compounded, annual rate of 12.7%, the same as in February. Leading the price index was food, which jumped 1.2%, with particularly severe rises in beef and veal. So far this year, beef prices have increased at an annual rate of more than 100% and are expected to remain oppressively high for the rest of the year. The standard Administration forecast calls for inflation to moderate, but not before several months more of big price rises...

Author: /time Magazine | Title: Business: Ripping Apart the Guidelines | 4/16/1979 | See Source »

...Octopus, veal, mussels, mousses and unwelcome fame...

Author: /time Magazine | Title: Living: Devouring a Small Country Inn | 3/12/1979 | See Source »

...France's most illustrious restaurants. The article, as if written by Brillat-Savarin and annotated by Asimov, recounted in minute and salivating detail Otto's preparation of dozens of dishes from his repertory of 600: coulibiac, the Russian hot fish pie; osso bucco; paella à la marinara; veal cordon bleu; fillet of grouper oursinade (with sea urchin roe); smoked shad-roe pâté mousse; mussels à la poulette (with a veloute sauce); octopus al amarillo; conch chowder; and numerous other marvels. McPhee also reported the chefs irreverent comments on several New York restaurants, including Lutece, which...

Author: /time Magazine | Title: Living: Devouring a Small Country Inn | 3/12/1979 | See Source »

...astonishing annual compounded rate of 16.8%. That was more than double the rate for all of 1978 and the biggest monthly jump in four years. The index, which usually foreshadows trends in retail prices, was lifted in part by the soaring cost of farm products, especially beef and veal, which rose 13% for the month. But finished goods like cars and appliances rose at an even steeper pace...

Author: /time Magazine | Title: Business: Kahn Do? | 2/19/1979 | See Source »

Later in the flight, the Pope dined on lobster, ham, veal in wine, cheese, chestnut tart, fresh fruit and selected Italian wines, the same menu that the other travelers enjoyed. Conferring with him over lunch were Giuseppe Caprio, the No. 2 man in the Vatican Secretariat of State; Agostino Casaroli, the so-called Vatican foreign minister; and Sebastiano Cardinal Baggio, the main Vatican liaison to the bishops' meeting...

Author: /time Magazine | Title: Religion: Warm Welcome for Pope Juan Pablo | 2/5/1979 | See Source »

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