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Brave words. In fact, Egypt's poverty makes it a ward of the rich Arabs. The Six-Day War of 1967 devastated the econ omy; among other blows, the closing of the Suez Canal cost Egypt an estimated $2 billion in vital revenue. Capital investment was diverted to acquire military hardware; arms spending currently absorbs 28% of the Egyptian national budget. After becoming President in 1970, Anwar Sadat began to dismantle Gamal Abdel Nasser's cumbersome socialist state and once again invited foreign investment. But the response has not even been as loud as a whisper. Last year, in order...

Author: /time Magazine | Title: Man Of The Year: The Gift of the River Nile | 1/2/1978 | See Source »

...would have said that it sounded like someone had a baseball bat and cracked a concrete wall with it." Thus did National Basketball Association Referee Bob Rakel describe the roundhouse right from Los Angeles Laker Kermit Washington that sent the Houston Rockets' Rudy Tomjanovich to an intensive-care ward. With a broken nose, fractured jaw and skull, and concussion, Tomjanovich, a four-time All-Star and captain of the Rockets, underwent surgery at week's end and may well be out for the season...

Author: /time Magazine | Title: Sport: Low Blow in Los Angeles | 12/26/1977 | See Source »

...they kept pushing." The day the C.H.H. bid was announced, Field filed a suit charging that the merger would violate antitrust law, a standard move in takeover battles. Carter Hawley seems determined to persist, to the point of upping its bid if necessary. Analysts see no way Field can ward off an eventual merger -if not with C.H.H., then with any one of several other big department store companies...

Author: /time Magazine | Title: Business: Takeovers | 12/26/1977 | See Source »

Plunging through a hole, cutting to elude pursuing linebackers, squirming for ward with with the tacklers best of draped around and to him, have Payton earned may be the hardest runner to bring down in the N.F.L. game. "He's just mule-headed," says his mother Alyne, whose oldest son Eddie returns kicks for the Detroit Lions. "When five or six players get him, he just won't give...

Author: /time Magazine | Title: Sport: Running Wild | 12/19/1977 | See Source »

Montgomery Ward has remodeled its spacious outlet in Skokie, Ill., installing new surveillance posts that blend into the décor. Observation towers are disguised as structural supports; protruding mirrors along a wall conceal guards who scan the throngs of shoppers crowding the aisles. Retailers around the country are taking similar security measures. Reason: business is booming in the weeks before Christmas, but so is shoplifting...

Author: /time Magazine | Title: The Nation: Tis the Season To Be Wary | 12/12/1977 | See Source »

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