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Everything seemed in place for an imminent end to America's most humbling experience since its withdrawal from Viet Nam. A team of Algerian doctors had flown to Tehran to examine the hostages. Some $2.2 billion in Iranian gold and currency had been transferred from New York to London so that it could be turned over to Iran within minutes of the Americans' departure from Tehran. A 30-member U.S. hostage recovery team, including former Secretary of State Cyrus Vance, was ready in Washington to fly to West Germany to meet the released hostages at a U.S. military...

Author: /time Magazine | Title: Hostage Breakthrough | 1/26/1981 | See Source »

...loan at 9.25% interest. A friend who used to work for the SBA in Washington, D.C., though, told the tailor that he had little chance of getting a loan. The reason: he is not a member of one of SBA'S priority groups-black, female, handicapped or a Viet Nam veteran...

Author: /time Magazine | Title: The Little Engines of Growth | 1/26/1981 | See Source »

Only a few stories have direct links to the past decade. Night March, by Tim O'Brien, is a solid bit of realism about a young soldier in Viet Nam from the author's award-winning novel, Going After Cacciato. John Sayles' I-80 Nebraska, M.490-M.205 is a mannered attempt to turn truckers and their CB jargon into folk legend: the headless horseman as Teamster. The most inventive topical piece is Guy Davenport's The Richard Nixon Freischutz Rag, a whimsical satire in which the former President makes small talk in China. Sample...

Author: /time Magazine | Title: Books: A Disparate Decade | 1/26/1981 | See Source »

...demoralizations of Viet Nam and Watergate; the humiliations of being outproduced by former enemies and overcharged by a Third World cartel; the inflation that has narrowed the road to middle-class affluence...

Author: /time Magazine | Title: Books: Has Success Become Tacky? | 1/19/1981 | See Source »

...first atomic bomb. In 1953 he and a colleague conducted an influential experiment that showed how lightning striking the primordial earth could have produced the basic chemicals of life. An inveterate political activist, Urey publicly opposed the death sentences of Convicted Spies Julius and Ethel Rosenberg, the Viet Nam War and the construction of nuclear reactors, whose waste he considered dangerous...

Author: /time Magazine | Title: Milestones: Jan. 19, 1981 | 1/19/1981 | See Source »

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