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...moral decay, disillusion with democratic institutions and political polarization that are normally associated with a prolonged period of soaring prices. Israelis have continued to save at their commendably high rate (24% of net personal income last year, vs. less than 5% in the U.S.). Because of the continual upward adjustments, the retired and disabled on pensions have not been reduced to poverty. And, despite the business turmoil caused by galloping costs, the country's economy grew last year by a strong...

Author: /time Magazine | Title: Business: Indexation Gone Rampant | 7/28/1980 | See Source »

Americans saw their lives as an upward march toward the light. Or, as Columbia University Historian Henry Graff says, "they pictured America riding a train going up a mountain. It went round and round, but always onward and upward. The only interruptions were occasional tunnels-wars and depressions. It would suddenly go dark and then the light would stream in again...

Author: /time Magazine | Title: Rediscovering America | 7/7/1980 | See Source »

Progress made the American idea work; progress validated the dream-a kind of secular redemption, profligate with promises, the hot gospel of better days unfolding. Progress was the indispensable mechanism and metaphysic of the American idea: the pioneer progression westward over space corresponded with the steady upward incline of opportunity over time. "You can't stop progress," Americans would tell one another with an air of dazzled exuberance or a rueful sigh. The future was bearing down on the land like a grinning child at the wheel of something roaring, gaudily bright and faintly dangerous...

Author: /time Magazine | Title: Rediscovering America | 7/7/1980 | See Source »

Meanwhile, in the urban areas of Transcaucasia and Central Asia, Russian is steadily encroaching on native languages among young people. They have the option of attending classes taught in local languages, but they know?and their parents know?that upward and outward mobility in Soviet society depends on being

Author: /time Magazine | Title: Inside The U.S.S.R.: A Fortress State in Transition | 6/23/1980 | See Source »

According to their scenario, some of the molten rock from the subterranean cauldron of magma under the mountain will slowly be forced upward, like toothpaste being squeezed out of a tube. It will push through the vents in the "plug" of debris within the volcano's throat and emerge as lava. When it is finally exposed to the air, the lava will harden rapidly; it will probably not have enough volume or velocity to overflow the volcano's rim. Instead, as it solidifies, it will likely form a dome or cap over the vents. Eventually the dome should...

Author: /time Magazine | Title: Science: No End Seems to Be in Sight | 6/9/1980 | See Source »

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