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Yellowed and moth-eaten letters in a chest apparently jettisoned into the sea from a cruise liner were recently recovered by an Icelandic toymaker. These letters have been united with a similar collection unearthed last spring by an Arabian goatherd, and the complete set is now in my posession. They prove beyond doubt that the Friends of Sisyphus Youth League, led by senior and presumed Trotskyoid Tom Careen, and the Conversative Club, led by senior and presumed Monarchoid Sy Kahane, have aims far different than these shallow impressions indicate...

Author: By Joseph Menn, | Title: Platonic Dialogue? | 11/19/1985 | See Source »

...frequently murky realm of global oil prices, even the offhand remarks of Saudi Arabian Oil Minister Ahmed Zaki Yamani can create an avalanche of rumor and speculation. Last week the energy industry worldwide was abuzz over Yamani's latest actions. With an OPEC meeting scheduled for Oct. 3 in Vienna, the mercurial minister let it be known that he had entered negotiations that could lead to lower Saudi Arabian crude prices for some customers. The move was seen by many as evidence that prices of the hard-pressed OPEC cartel might be on the verge of cracking. Said John Lichtblau...

Author: /time Magazine | Title: Breaking Rank | 9/30/1985 | See Source »

...that when the primordial gaseous swirl condensed into the sun and its satellites, large amounts of hydrocarbons settled in the earth's interior. Some of those compounds seeped upward into porous rocks and sediments, says Gold, and became such accessible pockets of riches as the oil fields of the Arabian Peninsula. He predicts that if greater depths were mined, fuel reserves far beyond current estimates would be found...

Author: /time Magazine | Title: Science: A Theory As Good As Gold | 9/9/1985 | See Source »

UNDER THE NEW AGREEMENT the minimum wage for baseball players was increased by a approximately 33 percent--up from an indecent $42,500 to an almost respectable $60,000. The modest increase may finally be just enough to raise the average ballplayer above the Saudi Arabian poverty line. The average annual salary, on the other hand, should get closer to about $400,000, which in all fairness, is fair compensation for having to work with selfless players like like Lee Mazzili, Roy Smalley, and Jim Rice...

Author: By Christopher J. Georges, | Title: Don't Take Me Out to the Ballpark | 8/9/1985 | See Source »

...setting for the meeting was Taif, a restful summer retreat outside the Saudi Arabian city of Jidda, but the mood of the participants was far from relaxed. Representatives from nine of the 13 feuding members of the Organization of Petroleum Exporting Countries got together informally last week to debate what to do about falling oil prices. Several members of the group, including Nigeria and Ecuador, have been offering under-the-table discounts and exceeding their OPEC-decreed production quotas. As a result, Saudi Arabia's King Fahd directed Sheik Ahmed Zaki Yamani, his Oil Minister, to deliver an ultimatum...

Author: /time Magazine | Title: Energy: Opec's Summertime Blues | 6/17/1985 | See Source »

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