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...World War II circumstances, and it could not have been expected to last indefinitely. The fact that the U.S. now has slipped from its former position as the only real superpower merely reflects historical developments over which Washington had little, if any, control. Among them: the economic recovery and boom in Western Europe and Japan, the formation of the oil cartel and the Kremlin's determination to attain military parity with the U.S. Dimitri Simes points out that potential Third World targets for Soviet intervention have existed since the decolonization movement of the early 1960s. What has changed has been...

Author: /time Magazine | Title: My Opinion of the Russians Has Changed Most Drastically... | 1/14/1980 | See Source »

...have amassed a new Comstock Lode. Over the past nine months they have earned an estimated $2 billion to $4 billion, and one former business associate sets the Hunts' silver holdings at 100 million oz. Even for a man who could play Monopoly with real money, the silver boom is stunning...

Author: /time Magazine | Title: Business: Bunker Hunt's Comstock Lode | 1/14/1980 | See Source »

...sporting events, paid for by the viewers themselves. If those two forms of television hold forth some hope that the tube might yet be salvageable, the other arts hold few similar signs. Broadway recovered from several sluggish seasons at the outset of the decade to experience its greatest boom period ever, but it was largely the result of massive advertising campaigns and $27.50 top seats at musicals and commensurately priced ones for dramas. The shows that succeeded, like Grease and Annie, did so by widening their audience appeal; consequently, both were enjoyable but neither was exceptionally memorable. A Chorus Line...

Author: By Michael E. Silver, | Title: A Decade of Decadence: Arts of the '70s | 1/10/1980 | See Source »

...1960s began with the violent death of a president and ended with the near-terminal illness of an entire political system. Owing to the coming of age of the "baby boom" of the postwar, era, it would have been a turbulent decade at best--young persons have boundless energy and immoderate passions, and thus are capable of extraordinary feats of both creativity and destructiveness. Their sheer numbers alone would have guaranteed that we would have had unusual fashions in music and art, abnormally high crime rates, and new social and religious movements. The war in Vietnam and race relations provided...

Author: By James Q. Wilson, | Title: A Middle-Aged Decade | 1/7/1980 | See Source »

Supported by a society that wants answers to the time-honored philosophical questions, astrophysicists have enormously widened human understanding of the ways that matter and energy interact throughout our Milky Way and beyond. The technological boom of the 1960s and 70s has created nothing less than a second Renaissance--whole new ways of perceiving the universe. Conputerized equipment now operates, from the ground or from orbit, in each of the invisible domains of the electromagnetic spectrum...

Author: By Eric J. Chaisson, | Title: Exploring the Invisible: Astronomy in the 70s | 1/7/1980 | See Source »

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