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...last year. Thus, instead of running up a combined trade surplus of $15 billion, as expected before the oil emergency, these nations could have a trade deficit of $20 billion to $25 billion. U.S. officials, including Treasury Secretary George Shultz, believe that the current sky-high prices will exact such a toll on the world economy that "something has to give." Shultz last week urged the oil-producing nations to cooperate with the rest of the world in reducing prices and "scaling down the magnitude of the financial problem...

Author: /time Magazine | Title: MONEY AND TRADE: Saved by the Float | 1/28/1974 | See Source »

...ticked off some of the Russian press's misrepresentations of Gulag. "I am alleged to have written that 'Hitler's Nazis were gracious and merciful to enslaved peoples.' All lies, Pravda comrades! Point out the exact pages! Tass says that in my autobiography I admitted my hatred of the Soviet system and people. My autobiography was published by the Nobel Foundation in 1970. It is available for the whole world to see how insolently Tass lies...

Author: /time Magazine | Title: SOVIET UNION: Solzhenitsyn's Counterattack | 1/28/1974 | See Source »

McAdam is one of about 1,500 transexuals in the U.S. who have changed their sex by surgery. Because most sex change operations are done confidentially, the exact number is hard to determine. But the trend is clear: about 700 such operations were performed last year, double the rate of the year before...

Author: /time Magazine | Title: The Sexes: Prisoners of Sex | 1/21/1974 | See Source »

...constant problem in extradition law," says Philip C. Jessup, a onetime member of the International Court of Justice and U.S. ambassador-at-large, "is whether the offense is a crime in both states. The exact label need not be the same, but it must be essentially the same offense. A Mohammedan country where you can have more than one wife would never extradite a man for bigamy...

Author: /time Magazine | Title: The Law: Extradition: Tricks And Power Plays | 12/24/1973 | See Source »

...Springfield panned Gold. Joel Goldson to be exact, a 5 ft. 10 in. guard, shooting from the top of the key and the baseline kept arching the ball into the basket so gracefully that one had to wonder if the ghost of Dr. Jimmy Naismith was pulling strings...

Author: By Jefferson M. Flanders, | Title: Flanders Fields | 12/13/1973 | See Source »

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