Word: grabbings
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Last week's action, the second OPEC money grab in only three months, creates an official split in the cartel's price structure. After three days of closed-door bickering between avaricious hard-liners like Iran and Algeria and so-called moderates like Saudi Arabia and tiny Qatar, the cartel finally settled on its two-tier pricing "compromise." In theory, it would let members' consciences be their guide in deciding just how much money to charge-anywhere from $18 to $23.50 per bbl. In practice, the scheme seems little more than a device for institutionalizing chaos, which...
Since April, when OPEC boosted prices 9% to an average of $14.55 per bbl., price gouging by individual members has pushed up charges for some grades of crude to $20 or more per bbl. Lately cartel members have been leapfrogging each other to grab ever higher prices. No sooner did Algeria and Nigeria post unilateral increases of up to $2.45 per bbl. on their low-sulfur crude than Libya raised the price of its own competing grade by a comparable amount. The increase, Libya's second in a month, was promptly followed by a rise by Iraq as well...
...women's cross country squads sweep in the Greater Boston Championship meets. Senior Peter Fitzsimmons and sophomore Anne Sullivan each grab second-place finishes in their divisions...
...seventh-seeded Radcliffe heavies shoot past Princeton in the last 30 strokes of the Eastern Sprints to grab third place behind Yale and Wisconsin in the Super Bowl of women's crew in New Preston, Conn...
...hardly any urban renewal because there wasn't much to renew. The people who could have used the money--the 40 per cent of the town's population who were black and restricted mostly to the worst housing--didn't have the political power to make a money grab. Whites kept them out of power with country-club nominations and at-large elections. But whites and blacks maintained strong neighborhoods, decent schools (at least after 1969's integration), and a widespread community pride based pretty much on the fortunes of the high school football team. A good place to bring...