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Dates: during 1970-1979
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Usage:

...Paris-based Organization for Economic Cooperation and Development, which comprises the world's 24 leading non-Communist nations, also issued a grim forecast, and on an even larger scale: a rise to $26 per bbl. would cut nearly 1% off its members' economic growth, reducing it to stagnation at best, and push OECD inflation up from an earlier projected 9% to at least 10%. Largely as a consequence of the oil increases, the organization now expects unemployment in its member nations to rise from just under 17 million to a full 20 million...

Author: /time Magazine | Title: Business: OPEC Fails to Make a Fix | 12/31/1979 | See Source »

...leftists also had strong reservations about the missile plan. For a while it looked as if NATO might degenerate into what the West Germans had always feared it could become if left alone to shoulder the nuclear responsibility: a two-tier organization of small powers and a "directorate" of larger ones...

Author: /time Magazine | Title: NATO: A Damned Near-Run Thing | 12/24/1979 | See Source »

...Pfizer pharmaceutical firm, Pierre Balmain by Revlon, and Jean d'Albret by Max Factor. Globally, sales of U.S.-owned perfume firms exceeded $1 billion last year, compared with $737 million for the French. Girding themselves against further U.S. competition, many older French perfume houses have sought mergers with larger European corporations, and a long moribund national perfume-promoting organization called Prestige has been revived. Says Bernard Lanvin, head of the family-owned firm that bears his name: "Until recently we were content to compete among ourselves. Now we're closing ranks...

Author: /time Magazine | Title: Business: Fragrance War: France vs. U.S. | 12/24/1979 | See Source »

Until now all space probes have been powered entirely by chemical rockets. Though they can develop enormous thrust, they are voracious consumers of fuel. In only nine minutes, the Saturn 5 moon rockets burned up 3,000 tons of liquid fuel. With such propellants, even larger rockets and exorbitant amounts of fuel would be needed to rendezvous with fast- moving objects like comets, which travel at 198,000 km (124,000 miles) per hour in the vicinity...

Author: /time Magazine | Title: Science: Tailing a Comet | 12/24/1979 | See Source »

Townshend lives with his wife Karen and their two daughters Aminta and Emma in a house in suburban London or, as mood and convenience dictate, in another, larger establishment in Oxfordshire. Townshend tried not having a studio at home so he could spend more time with the family, but he finally succumbed and installed some recording equipment. When he was laying down a rough vocal track, his daughter, not at all certain of her father's occupation, burst through the door wanting to call a doctor because Daddy sounded in pain...

Author: /time Magazine | Title: Rock's Outer Limits | 12/17/1979 | See Source »

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