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...financial page, an abstract reminder of the mysterious world of desert oil wells, filthy-rich Arabs and the irritating antics of OPEC. But suddenly oil's new situation is hitting home with the wallop of a 42-gal. oil barrel dropped on the front porch. Last week consumers, businessmen and traders around the world watched in awe as the price of crude dipped below $10 per bbl. for the first time in almost a decade. Oil, which as recently as January was selling for $26 per bbl., was on a breathtaking--and dangerous--ride down a slippery slope...

Author: /time Magazine | Title: Cheap Oil! | 4/14/1986 | See Source »

...California leases. Many Californians fear that more offshore leasing would mean beaches blackened by spills, increased air pollution from diesel-powered pumps, and other health and environmental hazards. Fishermen claim that increased drilling activity would disrupt their $1.25 billion industry and that pollution would harm feeding and spawning grounds. Businessmen dependent on the state's $31 billion tourism industry fear that the mere sight of oil rigs along stretches of California's wild coast would drive away vacationers...

Author: /time Magazine | Title: Oil and Water: To drill or not to drill | 4/7/1986 | See Source »

...Harvard may be held in high regard as an academic institution, but it will command much less respect if it takes political stands on matters unrelated to education, especially among businessmen who regard these stands as the product of student protest and campus unrest." (President Derek C. Bok, "Reflections on the Divestment of Stock," April...

Author: By Michael T. Anderson, | Title: `What is crucial is the moral and political support they lend to that fossil of history...' | 4/4/1986 | See Source »

...Sonys and Nikons. But now that the dollar is diving, the prices of Japan's goods are suddenly on the rise in the U.S. As the dollar hit a record postwar low of 174.60 yen last week, Japanese manufacturers fretted that their exports would be devastated, and rival American businessmen broke into broad smiles...

Author: /time Magazine | Title: Land of the Rising Yen | 3/31/1986 | See Source »

Perdue's dealings with hoodlums are detailed, along with dozens of other examples of racketeers' roles in the fabric of American business, in a 1,000- page report released by the commission last week. The document shows how the Mob controls unions and attracts legitimate businessmen, like Perdue, who decide that "doing business with organized crime . . . may provide them with a competitive edge...

Author: /time Magazine | Title: Doing business with the Mob | 3/17/1986 | See Source »

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