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...briefly tantalizing moment last week, those were the questions being asked in the world of Big Oil. Breathless dispatches out of Lagos, Nigeria, hinted at an erupting major scandal. On one side were the Royal Dutch/Shell Group, Mobil and Gulf Oil. Arrayed against them was the ten-month-old civilian government of President Alhaji Shehu Shagari, which seemed to be charging that the oil companies had somehow or other tricked it out of 183 million bbl. of high-quality Nigerian crude. The government appeared to demand that the oil be either returned or paid for. The situation took on added...

Author: /time Magazine | Title: Business: Sorry, No Smut | 8/25/1980 | See Source »

...actions by the Federal Reserve in recent weeks suggests that Chairman Paul Volcker would like to see those volatile rates remain low in order to prevent the recession from getting any worse. The Fed has switched from a draconian clampdown on the growth of money all spring to a breathless 14.9% annual rate of increase in June. Moreover, it has begun cautiously lowering the levels to which it will let certain key interest rates sink. At the same time, the U.S. central bank, in a further effort to feed cash and credit back into the economy, is also phasing...

Author: /time Magazine | Title: Business: Some Interest Rate Roulette | 7/28/1980 | See Source »

...April 4 alone, you gave it 106 lines of news and 225 lines of editorial and on April you returned to the charge. Both news and editorial were written by the reporter-a curious procedure and one that involved much rehashing of the material. I presume that the breathless quality of Ms. Russell's prose--with its "parody" of justice, its hushed courtroom and bursts of applause and rounds of chuckles, its tear-stained mother and then the man "wearing a grieved face"--can be attributed to haste and high feeling. Ms. Russell's and Mr. Ezera's emotions...

Author: NO WRITER ATTRIBUTED | Title: A Parody of Justice | 4/19/1980 | See Source »

...main commercial manufacturing plants at Everett and Renton. But the backlog of unfilled orders has nonetheless swelled from $11 billion at the end of 1978 to some $18 billion now. New Boeings are being wheeled out of production hangars at a rate of 28 a month, a breathless clip that is more than three times the pace of rival McDonnell Douglas. With commercial orders overflowing and the cruise contract now in hand, Boeing expects to add some 5,000 more employees in the next couple of years. To get skilled people, Boeing recruiters have scoured the nation, promising good salaries...

Author: /time Magazine | Title: Masters of the Air | 4/7/1980 | See Source »

Peter Mark Schifter has directed with the breathless tenderness of a Herschel Weinberger, though with considerably more precision. He keeps the trolley cars on their respective tracks, accelerating entrances and exits so that a group of seven is, suddenly, two, and the sanctity of an emotional confrontation is inevitably, often repeatedly, violated by a hovering group of invaders. Schifter's meticulously timed staging allows us few moments to catch our breath, and leaves us dizzy and dazzled by the evening...

Author: By David B. Edelstein, | Title: Smashing the Sidewalk | 3/6/1980 | See Source »

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