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Flowing Surpluses. The two episodes differ quite sharply, of course. Khashoggi is a veteran absentee investor in California banks; Sarakbi has no banking experience and has declared his intention that Community National "would serve as a liaison between Pontiac and the Middle East." Yet both deals amply demonstrate the kind of wrenching problems, emotional as well as economic, that many communities will be grappling with when oil-country surpluses begin to flow heavily into the U.S. in the form of investments in property and businesses, big and small. In fact, Americans will simply be experiencing what people in other lands...

Author: /time Magazine | Title: INVESTMENT: A Local Arab Banker? | 2/3/1975 | See Source »

...opposite poles. It is in this way that we are manipulated by the words we tolerate and use." Fairlie echoes Orwell's warning against allowing abstract words to choose our thought and disguise from us the real meaning of what we want to say. But Fairlie is quick to differ with the author of "Politics and the English Language,""I have never been impressed with that essay," he writes, explaining that the politician is entitled to a language distinct from that employed by the man of letters, by Schlesinger's men of the "true word." The language of politics must...

Author: By Michael Massing, | Title: Defense of the Indefensible | 1/22/1975 | See Source »

...tolerance of divergent views may well grow out of his background. The son of an immigrant stonemason from northern Italy, he grew up in heavily Protestant South Carolina, where, he told TIME Correspondent Richard Ostling, "I learned early in life how to live with people whose beliefs differ from my own." He attended public high school and the University of South Carolina before entering St. Mary...

Author: /time Magazine | Title: Religion: A Healer for Catholics | 12/2/1974 | See Source »

David R. Inglis, a University of Massachusetts-Amherst professor of physics who worked on the Union-Sierra Club report, said yesterday the reports' conclusions differ because the AEC report was written by people "whose bread and butter comes from the nuclear enterprise...

Author: By Brenda Gruss, | Title: Union of Concerned Scientists Criticizes AEC Safety Report | 11/25/1974 | See Source »

...will not be easy, since the goals of the Israelis and the Palestinians are seemingly irreconcilable. Israel, of course, is wholly committed to its self-preservation as a predominantly Jewish state on the shores of the Mediterranean. Arafat, the moderate, and Habash, the radical, may differ on means, but both men are nonetheless dedicated to the same ultimate goal?the replacement of Israel by a new secular Palestine for Jews and Arabs alike. Arafat is ready to settle for the creation of an interim, more limited state composed of the West Bank, Gaza and the Hamma region?but this would...

Author: /time Magazine | Title: MIDDLE EAST: The Palestinians Become a Power | 11/11/1974 | See Source »

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