JUNE 11. 1979 Vol. 113 No. 24 TIME the weekly NEWSMAGAZINE

spons.bd.t.es and business^ management.tradition of separatingThe editorin editorial chief re- A Letter from the Chairman porus not to the cha.rman or presideni ofihis company but to • n 56 years, only two men haveserved Time Inc. as editor in I chief. The first, Henry R. Luce, founded this company. His H excrciso no immediate edi- successor, Hedley Donovan, gaveit a second generation of ed —sometiines delesatp/ Donovan's immense authority itorial growth.On June 1,he retired fromthe company. inviolate Rut while 't' diluted—has kept that tradition Donovan came to Time Inc. with a magna cum laude de torial territory\hisowUrofoun?jS^'® r greefrom theUniversity ofMinnesota plus an Oxford degree ac ters was often called judgment innoneditorial mat- quired as a Rhodes scholar. He put in five years as a news paperman in Washington, then most of World War II in the U.S. Navy. A 1945 personnel memo details these and other qual began working for The Weekly^^^S^^^ras ^ ifications, going on to note in 1944, while still an un that "young Donovan is a handsome gentleman of dergraduate at 31, with blue eyes, a level University. The following gaze, a deep voice and a se % year he became a writer, rious manner enlivened by advanced to senior editor a quick smile." None of —the yoimgest ever—at that description needs to be age 28 and to managing changed today, except, in editor in 1968. After a evitably and unbelievably, nine-year tenure, dur 31 has become 65. ing which the magazine Beginning as a writer changed considerably, he on Fortune in December Was appointed one of two 1945, Donovan moved up corporate editors. to managing editor less The other corporate than eight years later. In Hedley Donovan Henry Grunwald Ralph Graves editor was Ralph Graves, 1959 he was appointed ed who now becomes Time itorial director ofTime Inc. and in 1964 editor in chief. effect, deputy to Grunwald Om, u editorial director, in Since then, his guidance and governance have been re ately after graduating from Harvard;; immedi- flected in each of our magazines, in Time-Life Books and in itor of Life between 1969 and 1077 wasmanaginged- the Washington Star as well. He helped transform Time Inc. editorial as well as publishing r,r. other important from the largely personal domain of its brilliant founder into a TheXhA legacyIpunrv ofr,f theth„ Donovan® POSltlons.v»o publiclyheld, diverse company, while preserving,we feel,its es viously in staff and resources but ^ ^ sential spirit and broadeningits range. With great strength of fulness, courage and excellence ""Portant, in thought- character and a formidable intellect, he guided our publica will not only safeguard that leonc, ik ^"".^dent thatGrunwald tions through the bitterly divisive years of Viet Nam and Wa and unmatched editorial talent ^®'P Graves tergate, reaflarming or changing editorial policy. Inc. magazine, will further enhance it It was under Donovan's leadership that Time Inc., in a re markable six-year burst of creative activity, gave birth to two new magazines, MONEY and PEOPLE, rebirth to Life, and turned Fortune froma monthly intoa fortnightly.

Index Cover: U2a„-Gam™./Ulaison.

26 52 70 Cover: Some caU him Pope in Poland: Economy & Business: "the Doer." Others To pray beforethe Recession and infla caU him "Super- Black Madonna of Czestochowa, bargain tion fears rise as key Schmidt." West Ger indicators plunge, and many's Chancellor ar with the regime in Warsaw and greet a federal judge guts rives in Washington Carter's major price- this week as unchal millions ofhis coun fighting program. lenged leader ofa trymen,PopeJohn • The U.S. explores proud, prosperous na Paul II begins a nine- futureformsofenergy. tion that has come of day visitto Poland. • Gold, silver and age. See World. See RELIGION. platinum pricessurge.

5 Letters 58 Medicine Rn^erlcan Scene 18 Nation 43 World 57 Education 58 Science 62 Theater 67 Show Business 78 Milestones g2 Living 8ft 81 People Books 92 Cinema 95 Essay 1979^® subscription price of $31 per year, by Time Inc., 541 N. Fairbanks Court, Chicago, III. 60611 Prinrin»iMf ^ ""Z4 ® '"'^served. feorS"®'°" Treasurer; Charles B. Bear, Secretary. Second class postage paid at Chicago 11 and n '^°<:'*efelier Center New York 9'^oduction in wholaor in part without written permission IS prohibited, '' ™ addi.,onaimailingo;,rcrsV\l3Noadditional mailino Q D •• •

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