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...which normally tell only the good news-were reporting daily from the provinces that the long-running effort to wipe out the influence of the "Gang of Four" was encountering some unpleasant resistance. It was "shocking and intolerable," said one report, that a number of cadres had failed to root out all the allies of Mao Tsetung's wife Chiang Ch'ing and her cohorts. There were still some officials, declared one newspaper darkly, who insisted upon "exercising fascist dictatorship over the people...

Author: /time Magazine | Title: CHINA: Dislodging the Remnant Poison | 8/28/1978 | See Source »

...root of these woes is inflation, while the collapsing dollar is pushing up prices even more. Not only do companies have to pay higher prices for foreign-made heavy machinery, engineering equipment and other high technology goods that have now replaced oil as the largest single category in the nation's import bill, but individual consumers are also being hurt. In the past year, the price of Volkswagen Rabbits has climbed 12.6%, and Japanese Toyotas are up 13% this year. Rising prices for imports likewise give domestic manufacturers an excuse to raise their own prices. This in turn sends more...

Author: /time Magazine | Title: Business: Why the Dollar Is Dropping | 8/7/1978 | See Source »

...economists are turning to Pop psychology because the consumer seems as skittish as a race horse. Several surveys show a marked drop in consumer confidence in recent months. The respected University of Michigan national survey reveals growing uncertainty about the economy's future, bewilderment over the root causes of inflation, and defeatism about the Government's chances of containing it. The Michigan group concluded that the consumers' outlook was "on balance unfavorable." Nonetheless, consumers told the pollsters that they felt it was a good time to buy cars, houses and other big-dollar items. Never before in the 32-year...

Author: /time Magazine | Title: The Customer Holds the Key: The Customer Holds the Key | 8/7/1978 | See Source »

...baseball with style for two grueling years, and brought home the bacon. But Martin felt the same pressure, to a much higher degree, that all real Yankee fans felt all along. I have been a Yankee fan since 1967, and I must admit that it was more fun to root for them when they were losers than it is now. The bitterness that surrounds everything they do--and the gleeful media reaction and pressure that fed on it and built it up--has made rooting for them an ordeal, even it they did win it all last year and come...

Author: By Andrew Multer, | Title: Shame of the Yankees: Martin Pulls the Ripcord | 7/25/1978 | See Source »

Borg scored five aces and 19 outright winners on his whistling serve; Connors was able to break service but once in twelve games. With Connors rocked back on his heels by the Swede's boomers, Borg, who normally takes root at the baseline and whittles away with topspin ground-strokes, moved to the net to volley Jimmy's returns. Until recently, the sight of Borg at the net was as rare as, say, a display of good manners by Ilie Nastase. But Borg charged to the front court frequently and effectively in his semifinal with The Netherlands...

Author: /time Magazine | Title: Sport: Swedish-Czech Coronation | 7/17/1978 | See Source »

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