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...five can occur in a single year, although they invariably last no more than a few minutes and often frustrate astronomers by what Veteran Eclipse Watcher Donald H. Menzel of Harvard calls their "perverse habit of hitting desolate regions." Because of its favorable viewing path and timing-near the peak of the sun's eleven-year sunspot cycle-the March 7 eclipse is being eagerly awaited by astronomers...

Author: /time Magazine | Title: Science: Sky Spectacular | 3/9/1970 | See Source »

...billion and $985 billion, about $5 billion below the most common forecast of board members last December, but just where the Nixon Administration expects it to be. Corporate profits after taxes will drop 5% to 9% below the $50.8 billion of 1969, and unemployment could rise to a peak of 4.5% to 5% late in the year, just about what CEA Chairman McCracken also seems to expect. Okun, Joseph Pechman and David Grove generally support Heller's forecast,* though they disagree on some details. Okun and Pechman, for instance, forecast a 3% to 6% drop in after-tax profits...

Author: /time Magazine | Title: Business: A Borderline Case of Recession? | 3/9/1970 | See Source »

...most of last month, bond prices rose and interest yields fell on the expectation of an imminent relaxation of monetary policy. During February 91-day Treasury bills sold at yields as low as 6.76%, the lowest figure since last June, a drop of 1.33% from their December peak...

Author: /time Magazine | Title: Business: A Borderline Case of Recession? | 3/9/1970 | See Source »

...million, and will be down to $2,000,000 next year. Beyond that the Atomic Energy Commission is cutting off funds completely-after a total investment of $30 million on a project that, according to Director Milton White, has not yet had a chance to reach its peak efficiency. Another important tool for probing the secrets of the atom, the Cambridge Electron Accelerator at Harvard University, is in jeopardy: its budget has been cut 25%. "This," says M.I.T. Professor Victor Weisskopf, "essentially means that it will go out of business." Budget cuts have already paralyzed a less costly but still...

Author: /time Magazine | Title: Science: Research Crisis: Cutting off the Plant at the Roots | 2/16/1970 | See Source »

...probably no accident that each player has reached his?and her?peak in a doomed role. As Mr. Roberts, Henry Fonda caught the audience's sympathy?and then died discreetly, as one would expect, offstage. Jane's brains are blown away in They Shoot Horses, Don't They? As for Peter, he has the most muscular, corpuscular death: groovily shotgunned down on his bike in Easy Rider. '?Until lately, the Flying Fondas have not been a show-business family notable for harmony. But there is no melody like success. Henry has just completed his 72nd film, The Cheyenne Social...

Author: /time Magazine | Title: Show Business: The Flying Fondas and How They Grew | 2/16/1970 | See Source »

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