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...mood perhaps too wishful, some top bankers have insisted lately that the OPEC oil cartel's domineering note in the world economy would soon diminish. But last week Walter Levy, dean of U.S. oil experts, punctured that optimism. In a closely argued study, he contends that OPEC's balance of payments surpluses-and high prices-will continue disrupting the global economy at least through the early 1980s...

Author: /time Magazine | Title: Business: The Cold Light of Levy | 6/30/1975 | See Source »

...marriages, endless breakdowns and cancellations. Near the end, Frank reports, one of Garland's children begged her to make a promised stage appearance, if only for a group of wistful paraplegics. Judy's reply: "If they can wheel them in, they can wheel them out." Such anecdotes diminish both biographer and biographee and make the reader wonder why this sorrowful woman was worth 700 pages of heavy industry. Is the neon gossip meant to illuminate the warts, Judy and all? Or is it the mandatory downer for some future wide-screen version of Garland starring, say, Liza Minnelli...

Author: /time Magazine | Title: Books: Show and Tell | 6/16/1975 | See Source »

...commodity prices will rise as much as the prices of manufactured goods. Kissinger flatly opposes that idea, contending that it would hurt the poorest, most populous nations, which import more raw materials than they export. It is doubtful too that the new U.S. willingness to consider stabilization agreements will diminish commodity producers' desire to form cartels that set prices arbitrarily. Nonetheless, international bodies such as the United Nations Conference on Trade and Development are opening a drive to counter price swings by stabilization agreements -and the timing is good. As world recession eases and industrial production returns toward normal...

Author: /time Magazine | Title: COMMODITIES: Stabilizing World Prices | 5/26/1975 | See Source »

...Rosenfield says. "We try to diminish distinctions between the museum and the faculty." He himself is curator of Oriental Art, G.M.A. Hanfmann, John E. Hudson Professor of Archacology, is curator of Ancient Art, and Slive is Gleason Professor of Fine Arts. It's not suprising that the Fogg's director "can't see where there's a conflict between the museum and the department...

Author: By Edmond P.V. Horsey, | Title: Emerging From The Fogg | 5/21/1975 | See Source »

...fewer tons than in the first quarter of 1974. Conspicuously absent are the usual numbers of discarded major appliances such as stoves, washing machines and refrigerators. New York City's household and construction wastes dwindled by nearly 1 million tons in 1974, and continue to diminish in 1975. Pickings are slimmer in the Atlanta area too. In Fulton County, Ga., because of factory shutdowns, refuse production by industries has slipped 80% in the past eight months...

Author: /time Magazine | Title: RECESSION NOTES: Recession Notes | 4/28/1975 | See Source »

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