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Dates: during 1970-1979
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...largely because of infuriating gasoline lines and inflating gasoline prices, recession and high unemployment struck Detroit, Flint and other carmaking capitals. Also hurt were the industry's supplier cities: rubbermaking Akron, glassmaking Toledo, steelmaking Youngstown. Layoffs in the auto industry mounted to 116,000 workers (out of a total 765,400), and in steel to 45,000 (out of 466,859). Unemployment also ran higher than the national average in the metropolitan areas that live off heavier industries and old lines of commerce...

Author: /time Magazine | Title: Business: Now a Middling-Size Downturn | 12/31/1979 | See Source »

...death and do not want to beg for my life. Give me the capital punishment but show mercy to the others." For Kim Jae Kyu, former Korean Central Intelligence Agency chief accused of murdering President Park Chung Hee last Oct. 26, the words were a defiant attempt to assume total responsibility for the assassination, for which six accomplices were also charged. His plea was in vain. Last week Kim, standing haggard and unshaven before a military tribunal in Seoul, was condemned to death with six others for his abortive coup attempt, which was described by one of the defendants...

Author: /time Magazine | Title: SOUTH KOREA: Acting Like Big Brother | 12/31/1979 | See Source »

This year, trade between the two countries is expected to reach an impressive total of $9.6 billion, up from $7.4 billion in 1978; it has made Taiwan the U.S.'s eighth largest trading partner. By contrast, two-way trade between the People's Republic of China and the U.S. this year will amount to $1.8 billion. Washington has quietly but systematically encouraged the bilateral trade boom. Among major recent deals: the Export-Import Bank, which sent a delegation to the island this fall, extended $500 million worth of loans during 1979. Since January, American banks have also contributed...

Author: /time Magazine | Title: TAIWAN: Playing a New Game | 12/31/1979 | See Source »

...strong from all political factions, swept through the streets of Athens with a more peaceful aim: to protest a grapeshot series of educational reforms known as Law 815. Trying to play it safe, the conservative government of Premier Constantine Caramanlis had closed the country's seven universities (total enrollment: 100,000). But as it turned out, the students intensified their challenge by staging a takeover of the campuses for six days of marathon sit-ins. "Hands off the student union!" they chanted...

Author: /time Magazine | Title: GREECE: On the March | 12/31/1979 | See Source »

...line-by-line listings of their objections and those lodged by other volunteers. They have become a clearinghouse ("The nation's largest," says Mel) for critiques written by almost anyone of textbooks, dictionaries and library books. They mail copies on request and receive contributions in return that total some $60,000 per year...

Author: /time Magazine | Title: Education: Was Robin Just a Hood? | 12/31/1979 | See Source »

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