Word: crude
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Rocky is a club fighter-THE ITALIAN STALLION, as he styles himself on the bathrobe he wears into the seedy boxing rings he works in his native Philadelphia. His style is crude, and he is aging none too gracefully. To supplement his boxing earnings he serves as muscle for a loan shark...
Dope comes to Europe in small packets borne by an "ant army" of couriers. From the lawless wilds of the Golden Triangle, dried poppy extract travels by backpack, bicycle, mule and even army trucks to crude labs, some in jungles, some in Southeast Asia's sprawling Chinatowns. There chemists refine the caky black powder into two grades of heroin: No. 3, the 40%-50% pure "brown sugar" favored for smoking, and fluffy white No. 4, 90% pure "stuff" for needle addicts. The dope is ferried to Europe by air, ingeniously cached in all sorts of objects-mah-jongg tiles...
...modernity. Rejecting the preoccupations of their pastoral and Romantic predecessors, the "Oxford Boys" revolutionized poetic themes and techniques to serve the hard reality of an "unpoetic," mechanized present. But it was Spender in particular who, as Louis Untermeyer put it in Saturday Review, "transformed material considered too raw and crude for poetry. He invoked the magic of machinery; he packed an epic of travel into a sonnet contrasting a picturesque but fading past with the sharp contours of the present...
There are many counterbalancing forces. One is the stance of Saudi Arabia, which has by far the world's largest known oil reserves. Though they could produce 11.8 million bbl. of crude a day, the Saudis are limiting daily output to 8.5 million bbl. This hold-down allows other OPEC members to produce at capacity without causing so great a glut :? as to push prices down. As a result, cartel members must give great weight to Saudi views, and the Saudis have consistently talked moderation. At the cartel's last meeting in Bali in May, their A refusal...
Price Jump. Also, OPEC'S stated justification for a price boost is that it must maintain favorable "terms of trade" -that is, catch up with inflation in the industrial world, so that the selling price of a barrel of crude will buy as large a quantity of Western imports as it did in, say, early 1974. To oil consumers that argument seems extremely specious: the early 1974 terms of trade were achieved after a 400% jump in oil prices, and that leap caused no small part of the Western inflation that OPEC complains about. Even so, John Lichtblau director...