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Although the mercury rose slightly at week's end, weathermen predicted a new plunge in temperatures and warned that there was no relief in sight from the harshest winter in recent memory. One almost certain result: a hike in the cost of oil on both sides of the Atlantic as the sudden European demand drives up prices in world markets...

Author: /time Magazine | Title: Europe Waiting Out the Big Chill | 1/26/1987 | See Source »

Remarkably few neighbors share the sheriff's straightforward sentiment. Dallas, say his cheerleaders, is not a ruthless killer; rather, he's the last American hero, a vestige of the Old West, a virtual Jeremiah Johnson. In a land of thundering silence and splendid isolation, where a trapper can hike for days without stumbling across another's tracks, this version of the story has grown into a powerful myth. Sure, his fans admit, Dallas killed two men on that terrible day in 1981, but they were just game wardens, the lowly emissaries of flower-fondling environmentalists. Today, in what remains...

Author: /time Magazine | Title: In Idaho: A Killer Becomes a Mythic Hero | 1/26/1987 | See Source »

...even some supporters of a hike acknowledge that an increased minimum wage would still be disdained by large numbers of jobless young people, who are not inspired by the prospect of flipping hamburgers at a fast-food franchise. "These are dead-end jobs," says Lorna Barnes, an account executive at Chicago's Minority Economic Resources Corporation, which trains and places young people in jobs. Barnes contends that an aggressive job- education and retraining program would have far greater impact than a minimum- wage increase. That seems to be one idea on which left and right can agree: the Reagan Administration...

Author: /time Magazine | Title: Raising the $3.35 Minimum | 1/26/1987 | See Source »

...bill. Congressional Republicans and the Administration jumped all over him, and fellow Democrats recoiled in dismay, hearing echoes of Walter Mondale's disastrous appeal for a tax increase during the 1984 campaign. Though Wright's proposal would apply only to couples with taxable incomes exceeding $150,000, a tax hike of any kind seemed an impolitic opening gambit...

Author: /time Magazine | Title: The Outspoken Speaker | 12/22/1986 | See Source »

...million vehicles permitted under their self-imposed quota this year, exceeding last year's 2.2 million -- a formidable achievement, considering that the value of the Japanese yen is more than 20% higher in relation to the U.S. dollar than it was a year ago. The currency hike, experts believe, has added about $1,300 to the average production cost of an imported Japanese car. Even so, industry executives estimate that Japanese compacts and midsize cars still cost roughly $700 less to produce than their American equivalents...

Author: /time Magazine | Title: Special Report: the Auto Industry: The Big Three Get in Gear | 11/24/1986 | See Source »

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