ISSUE DATE: January 30, 1978; Vol XCI, No 5

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IN THIS ISSUE:-
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COVER: CARTER and your money: Can he lift the Economy?

TOP OF THE WEEK:
CARTER'S ECONOMY: Jimmy Carter unwrapped his grand strategy for the Year of the Economy last week with a deluge of documents and messages. He plans a $24.5 billion tax cut and a $60.6 billion deficit, a jawbone attack on inflation and yet another effort to find jobs for the hard-core unemployed. The President's proposals, reported by the Washington bureau's Rich Thomas (right) and John Walcott, were those of a Southern Democratic businessman with a populist streak, and they face certain surgery in Congress. (Newsweek cover by Robert V. Engle.).

ELVIS! The king is dead, but his memory lingers on. Young nightclub imitators of the late rock idol are flourishing. And the hucksters are trying to peddle everything from Elvis quilt kits to Elvis wristwatches and from Elvis bubble gum to an acre of Mississippi land once owned by the singer. The asking price is $10 a square inch.

A ROCKEFELLER BONANZA: San Francisco received a windfall last week when John D. Rockefeller 3d announced that he would bequeath the bulk of his huge collection of American paintings to the city's Fine Arts Museums. Highly personal in its selection, the collection, writes art critic Mark Stevens, represents all that was well-mannered and optimistic in American art of the last three centuries.

DEDICATED: The rituals were as old as India itself, but the celebration was essentially American. Hundreds of U.S.

members of the movement for Krishna consciousness dedicated their flashy new temple last week in a beach resort near Bombay--and Barry Came joined 15,000 Indians during the devotions.

CRUSHED: Unlike many believers in the Denver Broncos, columnist Pete Axthelm did not attend the Super Bowl disguised as a giant orange. But he was definitely crushed. In his analysis of the Dallas Cowboys' 2 7-to- 10 victory over Denver's Orange Crush, he tells how it feels to be wrong-- and to pay the price.

CONTENTS LISTINGS:
NATIONAL AFFAIRS:
Carter's agenda for '78.
Bert Lance's new life.
The grass roots on the President.
Carter and your money (the cover)..
How to read the economic statistics.
The half-trillion-dollar budget..
Taxes: cuts--but little reform.
The weather? Don't ask..
A judge for the FBI.
Justice: the Marston affair.
INTERNATIONAL:
The Mideast: Sadat's shock diplomacy.
Why Begin is tough.
Brzezinski under fire..
Eurocommunism on the rocks?..
Foreign aid, West German style.
Philippines: Marcos cleans up.
Britain: brouhaha over birching.
JUSTICE:
Wives who battle back.
Nazis and the ACLU.
RELIGION:
Christian Science: the ailing Mother Church. Krishnarama in Bombay. BUSINESS: The coal strike: miners' lament; Movies: situations wanted; Commodities: the flimflam man?.
IDEAS: The new narcissism.
MEDICINE: .
War on smoking.
TELEVISION: ; NBC gets a new president--from ABC; Probing TV's children's food commercials.
THE COLUMNISTS:
My Turn: A.J. Langguth.
Pete Axthelm.
Milton Friedman.
Meg Greenfield.

THE ARTS:
MOVIES:
"The Serpent's Egg": Bergman's bleakest.
"The Duellists": no win.
Bob Dylan's "Renaldo and Clara": ego trip.
ENTERTAINMENT:
The spoils of Elvis.
ART: A Rockefeller art bonanza for San Francisco.
THEATER: James Earl Jones as "Paul Robeson".
BOOKS:
"The New India," by Ved Mehta.
Shelby Foote's "September September".
"Where the Wings Grow," by Agnes de Mille.
Joan Ubaldo Ribeiro's "Sergeant GetOlio".
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