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...energy noted in 1975. "No other government outside the United States has thought it wise to be completely dependent on the oil companies." But the U.S. would not have to explain a decision to participate in the oil industry only in terms of joining its capitalist comrades. It could cite home-grown precedents, too. The best is probably the Tennessee Valley Authority. It was a model of the yardstick competitor not only in price but in services and social concern, reclaiming land and replanting forests...

Author: By Mark R. Anspach, | Title: All-American Oil | 11/10/1979 | See Source »

...Caribbean into paradise. After all, Puerto Rico gets more than $1 billion in federal aid, but unemployment hovers at 18% and the living standard is well below that of the mainland U.S. Still, there is a growing recognition by the Administration that "poverty is the real menace" -to cite the words of Francisco Peńa Gómez, secretary-general of the Dominican Republic's ruling party. As one policymaker puts it, "There's a feeling that the U.S. should get more involved with a country like Nicaragua or a Caribbean island that is lashing...

Author: /time Magazine | Title: World: Troubled Waters | 10/22/1979 | See Source »

...decree stating that the policy on women is an act "in fidelity to the example of the Lord." That means in effect that if Jesus had wanted women priests he would have chosen a female apostle. (Some Protestants who take the Bible literally and oppose the ordination of women cite the dictum in the First Epistle of Paul to Timothy that women should not have "authority" over men in the church.) The ban on women appears for Roman Catholicism to be mainly a question of custom and discipline rather than doctrine. If so, a Pope would be free to change...

Author: /time Magazine | Title: Religion: Hard Questions on the Issues | 10/22/1979 | See Source »

...worry is to what extent endemic corruption will siphon off some of those billions. Another is whether López Portillo's ambitious dreams of industrialization will really benefit the impoverished millions desperate for work, social services, or both. The 600,000 jobs promised by López Portillo, to cite one example, are 200,000 fewer than the number of youths who enter the work force every year. On balance, though, U.S. policymakers believe Mexico can surely avoid the kind of wrenching upheaval that led to revolution in Iran. Corrupt and sluggish though the P.R.I, may be, it is also...

Author: /time Magazine | Title: Mexico's Macho Mood | 10/8/1979 | See Source »

...Economic Development Administration decided to guarantee loans totaling $111.1 million for the Jones & Laughlin Steel Corp. to install pollution control equipment. Though that guarantee was granted under a special Administration program to help steelmakers meet the heavy cost of complying with environmental rules, Chrysler officials are sure to cite it as a precedent in their push for much bigger guarantees...

Author: /time Magazine | Title: Business: Lee lacocca's Hard Sell for Help | 10/8/1979 | See Source »

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