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...even as Israel's international problems appeared to subside, serious national troubles cried for attention right outside Begin's hospital room. His illness was only a temporary shield from the political turmoil engendered by the harsh facts of Israel's runaway economic crisis: an 80% inflation that threatens to exceed 100% by the end of the year, a balance of payments deficit that is approaching $4 billion, a total foreign debt that has doubled in five years to $13 billion...

Author: /time Magazine | Title: MIDDLE EAST: Flags, Flare-Ups, Fiscal Troubles | 8/6/1979 | See Source »

...fact, Skylab's history of glitches demonstrated both the futility of taking technological shortcuts and the agility of men working in space to remedy unexpected ailments. When Skylab was launched by a Saturn 5 booster rocket on May 14, 1973, a large section of its meteoroid and heat shield ripped away, taking one of its prematurely extended solar-energy wings with it. A second wing jammed in a retracted position. The craft both overheated in orbit and was dangerously underpowered. But in the space age's first salvage mission, on May 25, 1973, Astronauts Charles ("Pete") Conrad Jr. and Joseph...

Author: /time Magazine | Title: Skylab's Fiery Fall | 7/16/1979 | See Source »

...before Columbia or any of the three other orbiters that Rockwell International is building for NASA can undertake such projects, major problems must be overcome. One difficulty: finishing the laborious job of affixing 40,000 or so silica foam tiles to the orbiter's outer skin. These shield it from the blazing temperatures (nearly 3,000° F) that the ship will encounter when it re-enters the atmosphere and glides to a landing at either the Kennedy Space Center or Vandenberg Air Force Base in California. A more serious difficulty: ironing the bugs out of the shuttle...

Author: /time Magazine | Title: Nation: Clouds over the Space Program | 7/16/1979 | See Source »

...cause of the rise is growing anxiety among rich people to find ways to shield their wealth from inflation. Says Stanley F. Clark, a director of Sotheby Parke Bernet: "There is no doubt that fine furniture is being bought as an investment...

Author: /time Magazine | Title: Business: Gilt-Edged Auction in Monaco | 7/9/1979 | See Source »

...Hospital in Boston. "I'd like to see a system of incentives?say, if we saved money, that money could be split between the insurer and the hospital." Califano and some state regulators also are launching a drive to require that a majority of the directors of any Blue Shield plan be laymen. At present, many Blue Shield plans are dominated by doctors, who, to put it delicately, have no great zeal to question fellow physicians' fees...

Author: /time Magazine | Title: Health Cost: What Limit? | 5/28/1979 | See Source »

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