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...design of atomic power plants to the milk content of ice cream, from foreign arms sales to childproof tops on aspirin bottles. A single clause tucked away in the Federal Register of regulations (this year's version has already grown to a mountainous 32,000 pages) can put a small-town manufacturer out of business or rejuvenate an industry that was on the brink of bankruptcy. The lobbyist who gets the clause removed, or puts it in, can be worth his salary for 100 lifetimes. The very magnitude of federal spending?about $565 billion this year?reflects the stakes involved...

Author: /time Magazine | Title: The Swarming Lobbyists | 8/7/1978 | See Source »

...Holly Story is at heart a very old-fashioned film. As Robert Gittler's fictionalized script follows Holly's rise from obscurity in Lubbock. Texas, to national superstardom, it embraces all the romantic clichés of showbiz success sagas. Holly (Gary Busey) leaves behind his suffocating small-town girlfriend (Amy Johnston) to seek the bright lights of New York; he overcomes early rejection to become the toast of the record industry; he outgrows his original back-up musicians (Don Stroud. Charlie Martin Smith) and creates a revolutionary new sound. By the time Holly meets his tragic...

Author: /time Magazine | Title: Cinema: Memory Lanes | 7/24/1978 | See Source »

...coincidence, Associate Editor B.J. Phillips, who wrote the cover, is a woman. She is also our regular sportswriter and a diehard baseball fan who spent a Southern small-town childhood hoping to make the major leagues. She did enjoy a brief career on the sandlot, but when at 14 she came home bleeding from a spike wound, her mother took a hard stand. Says Phillips: "That's when I became a proper young lady...

Author: /time Magazine | Title: A Letter From The Publisher, Jun. 26, 1978 | 6/26/1978 | See Source »

...long time the picture of J.P. Morgan with the midget on his knee was the Washington view of capitalism-a bloated buffoon. John Kennedy once described a small-town banker as a man with shoes that were too tight, the pain from below traveling up to his face. Only a couple of years ago, Senator Henry Jackson lined up seven big oil executives as though they were schoolboys, and denounced them for their big profits in the oil crunch...

Author: /time Magazine | Title: THE PRESIDENCY by HUGH SIDEY: Squandering a Splendid Asset | 6/19/1978 | See Source »

DIED. Sir Robert Gordon Menzies, 83, Prime Minister of Australia for an unprecedented 16-year span (1949-66), who founded the Liberal Party and took a firm stand against the "downward threat" of Communism; of a heart attack; in Melbourne. The son of a small-town grocer, Menzies always had "a respect for the rights of the top dog." He was never a popular leader, but he towered above his colleagues as a magnificent orator and consummate politician. Nevertheless, his first term as Prime Minister, from 1939 to 1941, ended with a sweeping victory for the Labor Party. He made...

Author: /time Magazine | Title: Milestones, May 29, 1978 | 5/29/1978 | See Source »

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