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Dates: during 1970-1979
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That is what Egypt's President Anwar Sadat says his country must gain as a result of his bold decision to make peace with Israel. Now, two years after his flight to Jerusalem and nine months after the signing of the treaty ending hostilities, some changes are appearing. Tourists wearing yarmulkes are visiting the pyramids, new high-rises spike the Cairo sky line, and signs hawking familiar brand names reflect increased Western business investment. The reopened Suez Canal is earning rich transit fees, and Egyptian engineers have taken over Alma, the largest of the oilfields being given...

Author: /time Magazine | Title: Business: Egypt's Promise of Peace | 12/24/1979 | See Source »

That is largely a result of out-of-control government spending, which this year will produce a deficit of $4.3 billion in a budget of under $10 billion. Sadat will not cut defense outlays ($1.4 billion this year) until the last of the Sinai is returned after 1982, so he must trim the huge subsidies ($1.7 billion) used to hold down the cost of food and fuel, a vestige of Nasser-era socialism. Despite big hikes in the cost of imported wheat (Egypt produces less than 30% of its needs), bread has been held to 1?; a loaf, the same...

Author: /time Magazine | Title: Business: Egypt's Promise of Peace | 12/24/1979 | See Source »

...there must be eight feet out there now, Heather. I don't know what to do." After only a few hours of showing, the Chicago Council on Fine Arts had the exhibit covered up and charged the artist with "character assassination." The matter wound up in court. The result: Art 1, City Hall 0. Sefick, who is now preparing The Bilandics for exhibit, is still mystified by all the excitement. "I just meant it to be funny," he says...

Author: /time Magazine | Title: People, Dec. 24, 1979 | 12/24/1979 | See Source »

...later, leaving the play wright as her boys' principal guardian. His care and kindness could not be faulted, but no indulgence could save the doomed family. George, the eldest, was killed in the trenches of World War I; Michael, the most brilliant, drowned at Oxford, possibly as the result of a suicide pact with another student; Peter jumped in front of a London subway train in 1960. As Birkin unfolds the darkening drama, his book becomes a psychological thriller. The biographer's own style is self-effacing, and he is content to let the characters tell much...

Author: /time Magazine | Title: Books: The Lost Man | 12/24/1979 | See Source »

...became national director of the Society for the Propagation of the Faith, and a year later was appointed auxiliary bishop to New York's Francis Cardinal Spellman. But the Cardinal soured on the bishop as his TV and money-raising success soared. Perhaps as a result, the bishop was never to get a Cardinal's red hat. In 1957 Sheen abruptly gave up his TV shows. At age 71, he became a controversial innovator as Bishop of Rochester. Known till then as a conservative, he put a civil rights activist on his staff, let parish priests elect...

Author: /time Magazine | Title: Religion: The Microphone of God | 12/24/1979 | See Source »

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