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...Finance Ministry goes along with this dire prophecy and calculates that every $180 million in tax cuts by 1980 would indirectly put 4,400 people out of work by forcing revaluations that would damage export industries. The end result would resemble what the Financial Times of London calls the "Venezuelan effect," in which Norway's oil industry would become "the only provider to a population left mainly, otherwise, to cut each other's hair...

Author: /time Magazine | Title: Business: Unhappy Nordic Boom | 12/23/1974 | See Source »

More Trouble. The prelate-President returned to Cyprus amid Turkish objections and dire threats of still another assassination attempt against him by the EOKA-B Greek Cypriot underground, the terrorist group that favors enosis, or union with Greece. Declaring that he was holding out "not just an olive branch but a whole olive tree," Makarios tried to dispel fears that his return could lead to more trouble for the war-ravaged island...

Author: /time Magazine | Title: CYPRUS: Man with an Olive Tree | 12/16/1974 | See Source »

...lying to federal agencies. All five defendants are expected to take the stand in their own defense. But they will also expose themselves to the crisp cross-examination of the prosecution team, most notably Neal, 46; Richard Ben-Veniste, 31; and Jill Wine Volner, 31. Each defendant is in dire but different straits...

Author: /time Magazine | Title: WATERGATE: The Nixon Conspiracy Laid Bare | 12/2/1974 | See Source »

...perhaps unjustly accused of being galvanized by nothing less than all-out war, are ready to adopt measures to conserve energy despite the costs involved. This willingness to accept some austerity may reveal a realism about the horrendous international problems created by extortionate oil prices. Or perhaps the dire drumbeat of warnings about diminishing reserves of raw materials has made the difference. Self-preservation, like charity, starts at home. Either way, it may well be that Americans will accept sacrifices, if only someone calls upon them for more than voluntary half measures. Just the other day, White House Press Secretary...

Author: /time Magazine | Title: Time Essay: Some Steps to Stop Oil Blackmail | 11/18/1974 | See Source »

...trade unions, which only the week before were issuing dire warnings about the results of a Tory victory, also did something of a turnabout by offering soothing, tranquilizing words to a public that is still jittery about their growing power. Jack Jones, the general secretary of the Transport and General Workers' Union, and the most powerful...

Author: /time Magazine | Title: BRITAIN: Post-Election Role Reversal | 10/28/1974 | See Source »

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