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...resort to any crime and inflame the entire world," the Ayatullah railed. "Carter has reduced his political prestige to zero. He must give up the hope of re-election." Khomeini implied that only if the U.S. tried another such rescue mission would the hostages be punished. Said he: "I warn Carter that should he resort to such foolish things, then it would be impossible for us and the government to control these Muslim, combative and heroic youth who are guarding the spies in the spy nest, that he would be responsible for their lives...

Author: /time Magazine | Title: Debacle in The Desert | 5/5/1980 | See Source »

...increase productivity, cut spending, restore incentive. She pleads for time-at least two more years-to let her new "freedoms" work, but even among allies there is some skepticism. Complains a Tory newspaper publisher: "She didn't tell us it would be this bad." Her own Treasury ministers warn that much rougher tunes lie ahead, and some are queasy about the next election, even though it is probably four years away. The statistics of Thatcher's first year are grim. Inflation doubled, to 20%. Unemployment reached a postwar high of 1.5 million (6%) and is still rising. Interest...

Author: /time Magazine | Title: BRITAIN: I Quite Like Being Prime Minister | 5/5/1980 | See Source »

Though competitors quickly copied his formula, Johnson Products continued to dominate the sales of all hair relaxers, substances that straighten curly hair. But in 1975 the Federal Trade Commission required the company to warn consumers that Ultra Sheen contained lye, which could burn the scalp and cause eye damage. Johnson claims that FTC officials assured him at the time that the other straighteners would also have to print a warning about lye on their packages. Yet for almost two years, while Ultra Sheen's label carried the notice, competitors like Revlon continued to market their "safe," "gentle" and "natural...

Author: /time Magazine | Title: Business: Black Beauty | 4/28/1980 | See Source »

...Washington: "A small refiner, or even a small country, could find itself reliant on a single country for perhaps as much as half its oil deliveries. But the amount might equal no more than a tiny fraction of the producing nation's total exports." European Community officials warn that France and other governments risk "political blackmail" by OPEC members, who may demand payoffs like recognition of the Palestine Liberation Organization as well as top dollar for oil. With their citizens freezing or deprived of gasoline during some future energy crisis, governments would doubtless be under extreme pressure to make...

Author: /time Magazine | Title: Business: OPEC's New Pincer Ploy | 4/14/1980 | See Source »

...VERY THINGS that make jazz documentaries attractive to jazz fans can make them intolerable to anyone else. "Authentic footage" usually means endless sequences of grainy, incompetently-shot film and crackling, poorly-recorded sound; the phrase "candid interview" may warn of mumbled, half-unintelligible reminiscences of the dead and the hopelessly obscure. If the music and the musicians absolutely enchant you, then you can easily overlook all this, and even enjoy it, but if jazz only casually interests you, these distractions become boring and unforgiveable...

Author: By Paul Davison, | Title: Kansas City Lovin' | 4/12/1980 | See Source »

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