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...history of the relations between the U.S. and its allies. Tensions on both sides, which have been mounting for months, last week broke into the open, to the great dismay of allied capitals and the obvious delight of Moscow. If not brought rapidly under control, the growing storms could weaken the very ties that have enabled the leading nations of the free world to act in concert on security issues since the end of World War II. A major Soviet goal in the past three decades has been to drive a wedge between the U.S. and its allies with...

Author: /time Magazine | Title: Storm over the Alliance | 4/28/1980 | See Source »

Hamilton said he was on schedule for the first ten miles but began to weaken shortly after the 15-mile mark. "In the last six miles I was just putting one foot in front of the other--the crowd was the only thing that kept me going," he added...

Author: By Gregg F. Clifton and Nevin I. Shalit, S | Title: Rogers Triumphs in Fourth Straight Marathon | 4/22/1980 | See Source »

...Administration quickly decided that any hard-line response to Banisadr's statement could weaken the position of the relatively moderate Iranian President. His election on Jan. 25, with 76% of the vote, was viewed by Washington as a very positive development. Not only was the selection of a President expected to bring an end to more than a year of Iranian political chaos, but Banisadr was known to favor a compromise on the hostages. The Soviet invasion of Afghanistan and the threat it poses to the Persian Gulf may have convinced many responsible Iranian leaders that their ties with...

Author: /time Magazine | Title: Nation: Hostages Near Freedom | 2/25/1980 | See Source »

Some surplus grain will continue to hang over markets and may weaken prices later. In fact, a glut had weakened prices before the embargo. Despite that block, Agriculture Secretary Bob Bergland expects U.S. grain exports to rise from 93 million tons in fiscal 1979 to 99 million tons this year. But if need be, the Government still has plans to buy as much as 14 million tons of the embargoed grain. Farmers are also being given more financial incentives to store grain, and the Administration is considering paying them not to plant...

Author: /time Magazine | Title: Business: Economy & Business, Feb. 4, 1980 | 2/4/1980 | See Source »

Because inflation continues to weaken the dollar, members of the OPEC cartel are now actively considering pricing their petroleum not in greenbacks but in a basket of stronger currencies, including West German marks. This would cause demand for those currencies to surge and the dollar to drop. Then, of course, OPEC would argue that the U.S. must pay even more...

Author: /time Magazine | Title: Business: Retreat on the Energy Front | 1/21/1980 | See Source »

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