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Whatever the new base level, all members will also get to charge so-called differential premiums of up to $3.50 per bbl. The differentials, which traditionally have been set at no more than a small fraction of the base price, are supposed to be applied solely to specially attractive crudes, such as Nigeria's and Libya's low-sulfur oil, which is now much in demand for refining into gasoline. Veteran observers of past OPEC behavior expect the differentials soon to be turning up as part of the price for almost any grade of cartel crude...

Author: /time Magazine | Title: Nation: What It Will Cost the U.S. | 7/9/1979 | See Source »

...condemned got little sympathy from Iranian students in the U.S., who were among the most vociferous critics of the Shah. Some pointed out that the death toll so far is a mere fraction of the tens of thousands who were killed during the last year of the Shah's regime. Others are disappointed that the trials are not public so that the facts of life under the Shah could be brought into the open. "The reason the executions were committed so promptly," says Younes Benab, an Iranian professor of economics in Washington, "is that there is fear in Iran...

Author: /time Magazine | Title: IRAN: Summary Justice | 4/23/1979 | See Source »

...designer Willis O'Brien's giant ape was the source of awe and terror--even the camera froze on him while he did his stuff. To movie-goers of 1933, O'Brien's small moth-eaten model--which had to be moved ever-so slightly and filmed for a fraction of a second at a time--was a revelation, the ultimate fantasy. If Kong appears jerky and slightly ridiculous to us, it must have seemed so to them--except they appreciated Kong's artificiality, they wanted to see the strings. A realistic 60-foot gorilla would have been...

Author: NO WRITER ATTRIBUTED | Title: Gorilla From Another Time | 4/19/1979 | See Source »

...marriage simply by saying "I divorce thee" three times in front of witnesses. A woman may request a divorce under certain circumstances-for example, if she is mistreated or her husband is impotent. Women must dress modestly, and their inheritance is limited to a fraction of that of men. In defense of these sexist inequities, scholars of the Shari'a note that Islamic law was advanced for its time. Before Muhammad, women in Arabia were mere chattel. The Koran emphatically asserts a husband's duty to support his wife (or wives), who are allowed to keep their dowries...

Author: /time Magazine | Title: Special Report: A Faith of Law and Submission | 4/16/1979 | See Source »

...pounder missed qualifying for the 200-yd. freestyle by a fraction of a second but finished fifth in the country while the top four Britons went on to capture a bronze medal in the 800 relay in Montreal...

Author: By Nell Scovell, | Title: Coglin Takes on All and 'Always Wins' | 3/17/1979 | See Source »

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