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...sold out even before completion of construction. "There's not a lot of proof about erosion. Some say it's 20 ft. a year, but I have not seen 20 ft. disappear since 1955, when I started coming here. It's a problem no one can forecast. If I hire competent engineers and architects for a condominium, I don't think I owe any responsibility to a buyer 20 years later as long as I've disclosed to him the possible problems...

Author: /time Magazine | Title: In Texas: Building Castles on the Sand | 4/16/1979 | See Source »

...Laurel Canyon. A Democrat already in the White House preaching austerity is bad enough. "Austerity" is not a good rallying cry for the scattered liberal coalition that selects nominees. It is doubtful Carter, unpopular as he may be, will be unseated by a challenger with an even bleaker economic forecast and as stern a remedy in mind...

Author: By Kerry Konrad, | Title: The Browning of America | 4/3/1979 | See Source »

...authoritative petroleum industry weekly, the Lundberg Letter, offered a grim forecast of just how hard−and how quickly−the U.S. is likely to be hurt by the tightening oil squeeze. Using regular-sales tax data supplied by state governments, the letter warned that by the end of next week there would be a shockingly large shortfall of 8.9% in gasoline supplies. A rush by panicky motorists to gas up would virtually guarantee long, temper-fraying lines reminiscent of the 1973-74 Arab oil-embargo days. Hoarding would simply make the gas shortage worse and further drive up fuel...

Author: /time Magazine | Title: Business: Deliberating on Oil Decontrol | 3/26/1979 | See Source »

...religious leaders' hardening determination to reign-and the spreading uneasiness about this among their erstwhile allies against the Shah-promises trouble. One respected Iranian political analyst, Fariborz Atapour, has forecast that a civil war will begin within two weeks. Writing in the daily Tehran Journal, he complained, "We know that a new constitution is about to be imposed on us, but since we do not know what it contains we cannot contest it. We can merely protest against the undemocratic way that the entire revolutionary aftermath is being handled." Given the theocratic rule now taking shape in Iran, Atapour...

Author: /time Magazine | Title: IRAN: You Are Weak, Mister | 3/19/1979 | See Source »

James A. Bill, 40, is associate director of the Center for Middle Eastern Studies at the University of Texas and a top U.S. scholar on Iran, which he visits frequently. Bill forecast the Shah's downfall long before the fact, and has been mentioned as a possible U.S. Ambassador to Iran...

Author: /time Magazine | Title: Special Report: The Cast of Analysts | 3/12/1979 | See Source »

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