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...enters the fifth year of recovery, the longest in peacetime history, the U.S. economy is throwing off conflicting signals of whether it is speeding up or slowing down. Largely because inflation-pinched consumers are reducing some spending, the output of goods and services grew at a paltry 0.7% annual rate in this year's first quarter, way down from almost 7% in last year's final quarter. Yet a batch of fairly robust statistics indicates that there was a rebound in March, and that is causing a significant split in the Carter Administration over what policy to pursue...

Author: /time Magazine | Title: Business: The Fed vs. Jimmy's Aides | 4/30/1979 | See Source »

...late '70s, those eruptions seemed as long ago as the Great Awakening or the Indian wars. Besides the sheer passage of time, there appeared to be a willful repression of the nation's longest war and its only military defeat. The forgetfulness amounted almost to national amnesia. Two or three years ago, literary agents would tell their writers: "I can sell anything you do, but not about Viet Nam." Except for a foolishly frisky little combat comedy called The Boys in Company C, Hollywood would not touch the war-unless you count John Wayne's 1968 Green...

Author: /time Magazine | Title: Nation: Viet Nam Comes Home | 4/23/1979 | See Source »

...Wills wrote books on Chesterton, Catholicism and Roman culture, in addition to working on a doctoral dissertation on Aeschylus. During the '60s, his pieces in Esquire and the Saturday Evening Post established him as a journalist of the first rank. His Nixon Ag- onistes (1969) still has the longest shelf-life of any book on the former President. Last year Historian Wills published Inventing America, a fresh look at the roots of Jefferson's Declaration of Independence. The work has already won several literary prizes. A few weeks ago, he was holed up in Williamsburg, Va., completing...

Author: /time Magazine | Title: Books: The Heart and Head of the Matter | 4/23/1979 | See Source »

...Cabinet in 1966 to form his own party, was asked by the generals to take over the government. In what was perhaps his finest hour, he restored national pride, negotiated the release of nearly 90,000 prisoners of war, initiated political and economic reforms and gave the country its longest period of civilian rule in three decades...

Author: /time Magazine | Title: PAKISTAN: Bhutto's Sudden, Shabby End | 4/16/1979 | See Source »

...these camp hijinks, however, are only a means to stay relaxed before the Yale race, a grueling four-mile, half-hour spectacle attended by thousands of alumni and students each June. The longest crew race in the world, the Harvard-Yale regatta is the culmination of nine months of practice and six weeks of racing experience; everybody "goes for broke." At the end of last year's race, senior George Aitken fainted, while Gordie Gardiner was bent double with cramps. One oarsman recalls the agony: "I was just hurting. I didn't feel anything, any emotion. I've never hurt...

Author: By Leonard H. Shen, | Title: Crew Takes To The Charles: Avast There, Ye Lubbers! | 4/3/1979 | See Source »

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