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...investment banking houses have won contracts to direct petrodollars from oil-rich Arab nations to poor or heavily populated ones such as Egypt, Sudan and Yemen. But many of the poorer Arab nations will require years of "soft" (low-or no-interest) rehabilitation loans before they are prepared to absorb massive infusions of development capital...

Author: /time Magazine | Title: INVESTMENT: An Oil Gusher Builds | 12/16/1974 | See Source »

Wall Street is well equipped to absorb the petrodollar billions. The Arabs, however, are suspicious of the fluctuating prices on stock exchanges. They prefer to lend money directly to Western companies, buy control of companies not listed on stock exchanges, participate in joint ventures with Western firms, and buy real estate. There is a limit, of course, to how much capital such activities can absorb, and the oil producers will inevitably be tempted to go for a piece of the big industrial action...

Author: /time Magazine | Title: INVESTMENT: An Oil Gusher Builds | 12/16/1974 | See Source »

...which absorbed the radical international challenge posed by decolonization, must also absorb radical social and economic changes," said Jordan's Ambassador Abdul Hamid Sharaf. "The world power elite which no longer has the majority here should not translate its anachronistic frustrations into an anti-U.N. view...

Author: /time Magazine | Title: THE UNITED NATIONS: Serving Notice | 12/16/1974 | See Source »

...adhered to a policy of "administering abundance with the mentality of scarcity." To avoid the inflationary consequences of plowing more money into the economy than it can safely absorb, Pérez has promised to channel $3 billion of this year's oil profits as well as 50% of all future oil revenues into the Venezuelan Investment...

Author: /time Magazine | Title: VENEZUELA: Pefro/ecrr Society | 12/16/1974 | See Source »

...cost overrun on the construction of Canaday Hall will absorb the $70,000 estimated surplus from the operation of the dormitory this school year, administration officials said yesterday...

Author: By Philip Weiss, | Title: Surplus From Running Canaday Will Help Offset Cost Overrun | 12/3/1974 | See Source »

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