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...reports that Iran would withdraw its deposits from U.S. banks, then rebounded in nervous surprise at the news that Washington was freezing the assets before they could be withdrawn. When rumors circulated in Europe and New York that Iran would counteract the move by refusing to accept dollars as payment for its oil delivered to any nation, the U.S. currency began to gyrate all over again. Brokers and traders passed the week wearing looks of astonishment at what might come next...

Author: /time Magazine | Title: Nation: The Economy Becomes a Hostage | 11/26/1979 | See Source »

...through the 1974 election by locking up his opponent before voting day and releasing him afterward. The President has also begun to chip away at the large business and land holdings of the Kenyatta family by quietly authorizing repossessions of property by unpaid creditors and pressing for payment of back taxes. The total wealth is staggering; Jomo Kenyatta's estate alone is estimated to be worth more than $200 million...

Author: /time Magazine | Title: KENYA: Arap Moi Again | 11/19/1979 | See Source »

...among other things, for an official acknowledgment of the Germans' responsibility for the gypsies' wartime persecution and an end to discrimination in jobs and housing, free access to campsites and a "reeducation program" for prejudiced police. Gypsy activists are also negotiating with the government for a reparations payment of $365 million that could be used to pay for educational and cultural programs benefiting all of Western Europe's gypsies...

Author: /time Magazine | Title: WEST GERMANY: The Nazis' Forgotten Victims | 11/19/1979 | See Source »

...House approved a bill last Thusday that guarantees a national minimum welfare payment to poor families with children. Current laws allow the states to pay as much or as little as they choose to poor families with children. Current laws allow the states to pay as much or as little as they choose to poor families. As a result, some states like New York provide far more assistance than other states. Such states are unfairly overburdened with payments to citizens on welfare...

Author: NO WRITER ATTRIBUTED | Title: Equal Treatment | 11/14/1979 | See Source »

...than the investments earn. One of the most appealing features is liquidity. Nearly all offer instant withdrawal without penalty, and most allow shareholders to write checks to third parties against their investment balance, thus ensuring that savings earn interest right up to the day the check is presented for payment. Still others offer credit lines so that shareholders can borrow against their investment...

Author: /time Magazine | Title: Business: Mania for Money Market Funds | 11/5/1979 | See Source »

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