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Fahd's personal wealth, built on a fee levied on every barrel of oil extracted from Saudi land before 1980, is estimated at $18 billion, second only to the wealth of the Sultan of Brunei ($25 billion). He boasts at least 12 royal palaces, ranging from the $2.5 billion Al-Yamamah Palace complex in Riyadh to a "cottage" four times the size of the White House in Marbella, Spain. He owns several jets and yachts, all with gold bathroom faucets; his main yacht, a $60 million craft, is escorted by a vessel that carries Stinger antiaircraft missiles. His fleet...

Author: /time Magazine | Title: The Gulf: An Exquisite Balancing Act | 9/24/1990 | See Source »

...their part, the Khmer Rouge and the other factions may agree to elections as a tactical matter. But none of them have ever participated in a fair election, and the Khmer Rouge, at least, could never dream of winning one. For them, power can come only from the barrel...

Author: /time Magazine | Title: Cambodia Hurdles to Peace | 9/17/1990 | See Source »

...survival is scheduled for debate in the House in September or October, and pending proposals range from unrestricted reauthorization to outright extinction. The pork-barrel aspects of the agency -- it funds many hundreds of institutions, large and small, in all 50 states -- would seem to ensure its survival in some form. But Anne Murphy, executive director of the American Arts Alliance, seemingly speaks for much of the U.S. cultural leadership when she warns, "The endowment is bleeding to death...

Author: /time Magazine | Title: Theater: Are Artists Godless Perverts? | 9/10/1990 | See Source »

...dark tunnels, sometimes spinning riders upside down. There are coasters on which passengers ride standing up, others that run backward and still more featuring cars that are suspended below the tracks. At Houston's AstroWorld, the outrageous Ultra Twister hurls its riders headfirst from nine stories up, then barrel-rolls them back and forth through a winding tunnel of steel pipes...

Author: /time Magazine | Title: Living: Roller Coasters... Eeeeeyyooowiiii!!! | 8/6/1990 | See Source »

With such a huge piece of the action, Iraq estimates that every $1 drop in the price of a barrel of oil costs it $1 billion a year in lost revenue. The country can ill afford those lumps as it struggles to repair the ravages of the war and repay $40 billion in foreign debt to the West. In theory, Iraq could boost its income by pumping more oil, just as its wayward neighbors % have. Experts believe the country's reserves could be tapped at a rate of 5 million bbl. a day. But Iraq lacks the modern equipment...

Author: /time Magazine | Title: The Crude Enforcer | 8/6/1990 | See Source »

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