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Troubled Time. In the past two years Occidental has fallen into trouble. Production in Libya, the backbone of its operations, has been on a roller coaster and has never reached the mil-lion-barrels-a-day level that Hammer once forecast. The Libyan government ordered it cut from a high of 800,000 bbl. daily early in 1970 to 320,000 bbl. now. The revolutionary government of Colonel Muammar Gaddafi has been distressed by charges cited in a lawsuit filed in the U.S. that Occidental had won its concessions partly by f unneling money to officials of deposed King Idris...

Author: /time Magazine | Title: CORPORATIONS: Trying to Hammer a Deal | 1/29/1973 | See Source »

...novel is the writing. Perfectly pitched to the man it describes, it matches his every antic with page after page of verbal histrionics. One imagines writing with a harmonica in his mouth and a ball horn plugged into his typewriter. The novel bounces, gyrates and bucks like another coaster car along the precarious edge of the reader's tolerance, never quite falling off. For whenever the author leans too far in the direction of obscenity-which is frequently--he bounces right back with a metaphor or reference to feed any appetite Jackie Kennedy and James Joyce. Cyrano de Bergerac...

Author: By Alice VAN Buren, | Title: Three Dogs With a Spoiler | 1/12/1973 | See Source »

...peace roller coaster seemed to be moving again. Henry Kissinger in Paris, elusive black limousines, suburban hideaways, no hard news but tantalizing intimations of "rapid progress." Twice Kissinger extended his stay 24 hours, inevitably heightening the speculation that the dealing had indeed grown serious. In Saigon President Nguyen Van Thieu contributed his bit by vehemently asserting in a speech that he would never agree to a coalition government-which naturally enough suggested that his future was front and center in the Paris bargaining...

Author: /time Magazine | Title: ISSUES '72: McGovern v. Nixon on the War | 10/23/1972 | See Source »

...stock prices are a leading indicator, as they are often considered to be, then the U.S. economy is in for a roller coaster ride. After starting from a low of 889 in January, the most widely watched gauge of the market, the Dow Jones industrial average, has thumped along like an excited heartbeat, often surging up or down by 15 or more points in a day. During the first half of the year, the general trend had been up, but now a new pattern is emerging: in each of the last two weeks the Dow has spurted...

Author: /time Magazine | Title: WALL STREET: Mental Block | 9/4/1972 | See Source »

...Matthews' "Agee at Time" is the picture of a man seen only in peripheral vision, as though the prospect of Agee's life at the time was too much the front cart in the roller coaster ride for Matthews' queasy stomach. In this episode of Agee's life, he is the reviewer who stays up all night rewriting a review which already went to press...

Author: By Tina Rathborne, | Title: James Agee Remembered | 2/25/1972 | See Source »

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