Word: fa
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Astonish me! Those two words should be inscribed over every playwright's desk. At the birth of drama, the ancient Greeks bodied forth the outrageous image of a man murdering his fa ther and marrying his mother. Doubtless, no one in the Athenian audience had performed those acts, but then, he or she had not come to the theater to see the people next door...
Small World. For all that, there was no sign of an outright U.S.Saudi deal. Rather, the price split reflected economic and political strains that have been present in OPEC all along but until now have been papered over in a façade of unity. Having more oil to sell than anyone else. Saudi Arabia wants to keep volume high, which it recognizes can be done only by holding the price down. As OPEC's volume producers, moreover, the Saudis have developed a more sophisticated understanding of customer markets than other OPEC members. In addition, the Saudis...
...clear, cold night last week, the twin-towered red brick façade of Oslo's city hall flickered in the glow of torches borne by thousands of demonstrators. Inside, an audience of more than 1,000 jammed the auditorium. To a standing ovation, Betty Williams, 33, and Mairead Corrigan, 32, co-founders of the Ulster Peace Movement (TIME, Sept. 6) arrived to accept the Norwegian People's Peace Prize...
...Fa Ice Marquette, Mich...
...behind this façade of luxury and speed lurks a grim reality. Like many of the railroads of the world, the Japanese National Railway is on the brink of bankruptcy. Last week the line was barely saved from defaulting on $138 million in debts to 10,000 private companies when it canceled maintenance and construction contracts and received a $138 million stopgap loan from the Finance Ministry. Even so, more huge debts fall due next month, and the government is in no mood for another rescue. The Finance Ministry and private banks, which in the past have generously bailed...