Word: contracts
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Dates: during 1970-1979
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...theory, one solution would be a consumer boycott of oil purchases from any OPEC member that failed to honor its contract commitments. But no serious moves have been made in that direction. Instead, at week's end, Ashland Oil Co. disclosed that it too had grabbed up a load of Iranian crude, and at a price that the company would only describe as "somewhat higher" than prevailing OPEC charges...
Naturally, there can be enormous rewards for anybody who can lay his hands on a cargo of oil that is not locked up by a sales contract. Sometimes operating out of telephone booths, profiteers have been offering deals on as much as half of Indonesia's total production, which local politicians are said to have got their hands on. Oil cargoes have been sold four and five times while the tanker was still on the high seas, and each subsequent owner has pocketed vast profits. At a dinner of the Institute of Petroleum in London two weeks ago, while...
Paul Moses will not return as coach of the Harvard women's squash team next year because the Department of Athletics has refused to renew his contract...
Whether Hemisphere is legally bound by the present contract or not, it has an ethical responsibility to bargain with its staff...
DIED. Howard Schenken, 75, champion contract bridge player and theorist; of a brain tumor; in Palm Springs, Calif. Abandoning billiards for bridge when he was in his 20s, Schenken played on four world-title teams and won a record five Life Master Pair Championships during his 50-year career, as well as devised such now standard game practices as the prepared opening bid, the weak two-bid and the forcing two-over-one response...