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...Harrisburg, Governor Thornburgh, who had carefully avoided any statements that might cause panic, even while remaining skeptical of the utility company's pacifying pronouncements, decided it was time to warn people living near Three Mile Island to take prudent precautions. First, he asked all residents within ten miles to remain inside their homes with their windows closed (though in fact that provides scant protection from radiation). Then he urged pregnant women and young children within a five-mile radius to move out, and closed schools. He also took the broader step of advising the four counties in the area, where...

Author: /time Magazine | Title: A Nuclear Nightmare | 4/9/1979 | See Source »

Some legislators warn, however, that the somewhat naive Fob James style may get the Governor in trouble after the legislature convenes this month. Many of his proposals face tough opposition, including a request to raise the gasoline tax to pay for highway repairs. Notes one legislative insider: "He hasn't learned to play by the rules, and in some cases he doesn't care...

Author: /time Magazine | Title: Nation: Tale of Two Rookies | 4/2/1979 | See Source »

When interest rates decline and inflation moderates later this year, the long bearish stock market should rise. The time is not yet at hand, warn TIME'S economists, who recommend putting investment money into high-yielding Treasury bills until the recession bites. Even then, the bulls may not let out a full-throated roar. Warns Pechman: "The fact that we are suggesting that late this year may be a time to buy equities does not mean that equity prices will go through the roof." But, says Beryl Sprinkel, "the cheapest assets in this world today are U.S. stocks...

Author: /time Magazine | Title: Business: Here Comes the Recession | 3/5/1979 | See Source »

State legislators across the country are now clamoring for a convention to propose a constitutional amendment requiring a balanced federal budget, and liberal oracles everywhere warn it would entangle the branches of government in a messy constitutional conflict. The convention method of amending the Constitution has remained unused ever since the Philadelphia convention wrote it in for the states to use against a Congress that ignored the nation's will. Under the process used for each of the 26 amendments now on the books, Congress proposed the change and three-fourths of the states ratified it. Article...

Author: By Scott A. Rosenberg, | Title: Invasion of the Budget Snatchers | 3/3/1979 | See Source »

Just one day after China's Vice Premier Teng Hsiao-p'ing ended his visit to the U.S., another Asian leader arrived at the White House last week to warn Jimmy Carter that an expansionist, Soviet-backed Viet Nam threatens peace and stability in Southeast Asia. The new visitor was Premier Kriangsak Chomanan of Thai land, whose country has good reason to feel beleaguered...

Author: /time Magazine | Title: THAILAND: Warning from a Friend | 2/19/1979 | See Source »

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