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...Riyadh, a black-tied maitre d'hôtel supervised waiters in white robes who on this occasion served Q, meal consisting of asparagus soup, fried shrimps with tartar sauce, kebabs with cooked vegetables, a ragout of okra, meat and rice with almonds, chocolate cake, watermelon and fruit. Most of the guests were not from Saudi Arabia's upper class; many appeared to be desert tribesmen. There was no ceremony at the table, and no distinction between rich and poor. A few guests finished quickly and left without so much as glancing at their host. Others stayed...

Author: /time Magazine | Title: World: The Majlis: Desert Democracy | 5/22/1978 | See Source »

...campaign to preserve the wildlife of Porto Santo Stefano, the Tuscan coastal town that she serves as mayor. Rome Art Dealer Derna Querel recalls meeting several young members of the Frescobaldi and Antinori wine families who boasted of having joined in a grape harvest, including barefoot trampling of the fruit. In Rome last Christmas, a financially strapped family of the nobility threw a picnic in their palazzo to which guests were invited to bring their own liquor. "They were very casual about it -people were wearing jeans and pearls, and everyone had a great time," says Querel. "The rich miss...

Author: /time Magazine | Title: AFGHANISTAN,MIDDLE EAST: The Quiet Life of the Rich | 5/15/1978 | See Source »

...trouble all started at the Century Plaza Hotel, where the sheik was staying. Waiter Mario Rivas claims he delivered a basket of fruit to the sheik's room and that the sheik was furious because the food was two hours late...

Author: /time Magazine | Title: Americana: Turning the Other Sheik | 5/1/1978 | See Source »

...sheik denies the whole incident. "I would never order a basket of fruit," he declares. "I am a diabetic and do not eat sweets or fruit...

Author: /time Magazine | Title: Americana: Turning the Other Sheik | 5/1/1978 | See Source »

...gold, cotton, pork bellies or whatever on a set date at a fixed price, commodity options are purely paper investments giving the buyer the right to purchase a future, gambling on how much prices rise or fall. In the U.S., such options have had the tempting flavor of forbidden fruit. Since the 1930s, trading in some 100 types of options, mainly agricultural products, has not been allowed on U.S. exchanges. But in recent years some inventive firms began selling in the U.S. options supposedly traded in London (some were; some weren't). Usually business was drummed up by fast...

Author: /time Magazine | Title: Business: Commodities Cop Cannonaded | 4/17/1978 | See Source »

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