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POLITICAL WEAKNESS. Although unions did much to elect a Democratic President and Democratic Congress, labor has suffered shattering legislative setbacks. Last year the common-situs bill that would have allowed a single striking union to shut an entire construction site went down to a totally unexpected defeat in the House...

Author: /time Magazine | Title: Business: Labor Comes to a Crossroads | 9/4/1978 | See Source »

The weakness of the Republicans surprises a number of political analysts who cite the historical pattern of midterm gains by the party that does not control the White House. Actually, however, the big off-year gains by the opposition party have generally been made during the incumbent President's...

Author: /time Magazine | Title: Nation: Fast Sart for The Democrats | 8/28/1978 | See Source »

The trouble is that anyone waiting for rationality in the foreign-exchange and gold markets may have to wait a very long time. Last week's trading was an example: though there was no special news to drive the dollar down, it sank to record lows against the yen...

Author: /time Magazine | Title: Business: Greenbacks Under the Gun | 8/28/1978 | See Source »

In the evenings after supper I hate him least, when the rheum in his blind eyes looks less like weakness, an impassive twilight severity in his backbone. He sits alone as I am alone, feeling the heat of the sand warm the sun-fallen air.

Author: By Jacquelyn M. Crews, | Title: Summer School Announcements | 8/15/1978 | See Source »

Many of the explanations for the dollar's dive were depressingly familiar: the continuing weakness of the nation's trade balance, lack of progress in Congress on an energy bill, persistent rumors that petroleum-exporting nations might be planning to stop pricing their oil in dollars and switch to a...

Author: /time Magazine | Title: Business: Why the Dollar Is Dropping | 8/7/1978 | See Source »

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