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...series of embarrassing setbacks for the Soviet fleet. In 1981 a diesel powered Soviet sub snooping in a restricted zone off the Swedish coast ran aground and had to be pulled to a safer anchor-age by Swedish tugboats. According to U.S. intelligence, another nuclear-powered attack sub sank in deep water last summer off the Siberian peninsula of Kamchatka...

Author: /time Magazine | Title: Dead in the Water | 11/14/1983 | See Source »

...dollar's current strength is a mirror image of its weakness in the late 1970s, when it sank to new lows against the West German mark, the Swiss franc and the Japanese yen. Then, many of today's problems were reversed. The abject dollar worsened U.S. inflation by raising the price of imports. European leaders angrily charged that the weak American currency made U.S. exports too cheap and was thus hurting the sale of European goods. The failing dollar also encouraged the Organization of Petroleum Exporting Countries to keep jacking up oil prices since member countries were being...

Author: /time Magazine | Title: Too Big a Bang for the Buck | 10/10/1983 | See Source »

...production of Giselle at London's Covent Garden, Dame Margot Fonteyn plucked a single long-stemmed red rose from one of her many bouquets and with a deep curtsy presented it to her young partner-ex-Kirov Ballet Danseur Rudolf Nureev. The young Russian lowered his eyes, sank to his knees and kissed the assoluta's hand. The audience exploded in an ovation that lasted through 23 curtain calls...

Author: /time Magazine | Title: MUSIC 1962: Ballet Dream Duo Fonteyn and Nureev in GISELLE | 10/5/1983 | See Source »

...seat of his Lincoln limousine, which had been halted in Matawan, N.J., by Policeman Sproul, to answer the policeman's question. Certainly, replied Mr. Rockefeller, the officer might stand on his running board and his chauffeur ("Phillips") might overtake a speeder the officer desired to apprehend. Mr. Rockefeller sank back again into the cushions, peered out at a mile of landscape which slipped by in about one, minute, watched the officer hand their quarry a summons, handed the officer five new dimes...

Author: /time Magazine | Title: People 1982: A History of This Section | 10/5/1983 | See Source »

When the city's water supply failed to keep pace with expansion, private industries, hotels and housing estates sank their own artesian wells into the water table on which the city rests. During the past 15 years, with more than 11,000 wells sucking the underground reservoir dry, the city has been sinking at a rate of four to twelve inches a year. Parts of the city have dropped as much as three feet. Warns Prinya Nutalaya, professor of geotechnical engineering at the Asian Institute of Technology: "If nothing is done, all of Bangkok will be under water...

Author: /time Magazine | Title: Environment: Rescuing a Sinking City | 10/3/1983 | See Source »

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