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...peace bill comes at a time when Carter is fighting to hold down the federal budget deficit, advocates of various domestic programs are clamoring for more money, and inflation is a foremost concern of Americans. White House aides scoff at any inflationary impact of the treaty. "It's just a flea bite on that elephant," says one. But as the near euphoria over the peace treaty fades and the costs linger−and most likely increase−congressional and public resistance to paying the price could yet prove a formidable problem...

Author: /time Magazine | Title: Nation: The Price of Peace | 3/26/1979 | See Source »

That was the tale sent to newspapers in nearby Dallas and Fort Worth one April day in 1897 by a local correspondent named S.E. Hayden. It was generally ridiculed at the time, and most citizens of Aurora still scoff. "Hayden wrote it as a joke and to bring interest to Aurora," says Etta Pegues, 86. "The railroad bypassed us, and the town was dying...

Author: /time Magazine | Title: Americana: Close Encounters of a Kind | 3/12/1979 | See Source »

...A.A.M. wants crop prices raised to 90% of "parity," an antiquated concept founded on the argument that farm prices should have been rising as fast as nonfarm prices since World War I. Agriculture Department economists scoff at this demand; they say that 90% parity would drive retail food prices -the biggest single factor in the U.S.'s inflation problem -up by 16% this year, on top of the 10% increase...

Author: /time Magazine | Title: Business: Farmers Raising Cain | 2/19/1979 | See Source »

Castro also took the opportunity to scoff at Washington's concern over the disclosure that the Soviet Union had delivered 20 high-powered MiG-23 Flogger jets to Havana. One version of the Flogger can carry nuclear weapons, and its presence in the Caribbean would be a serious violation of the 1962 Kennedy-Khrushchev agreement that ended the Cuban missile crisis. The MiG-23s are "purely of a defensive nature," insisted Castro. He added that Cuba had received the warplanes a year...

Author: /time Magazine | Title: CUBA: Letting Go | 12/4/1978 | See Source »

...situation. While the President continues to try to get his stalled energy program through Congress, and the cost of imported oil-which now supplies 42% of U.S. needs, vs. 35% in 1973-continues to increase the nation's balance of payments deficit, critics like Ralph Nader scoff that "the world is drowning in oil." Indeed, the experts themselves are increasingly divided into two camps...

Author: /time Magazine | Title: Business: Oil: What's Left out There | 10/16/1978 | See Source »

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