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...when demand falls off. Even if OPEC agrees to tighter output quotas, many members may continue to flout those limits. "When we make a commitment, we must keep it," says Algerian Oil Minister Belkacem Nabi. "Those in OPEC who don't respect their promises have done us much harm...

Author: /time Magazine | Title: Putting a Pinch in the Pipeline | 11/5/1984 | See Source »

...slump in oil prices is causing a mixture of harm and good outside OPEC. Last week several U.S. oil firms reported stagnant or declining profits for the third quarter. Mobil's earnings fell 41%, to $238 million, compared with the same period last year. But low-cost fuel is producing some consumer bargains. Last week People Express Airlines, citing a decline in aviation-fuel prices, slashed fares by about one-third on five heavily traveled eastern routes...

Author: /time Magazine | Title: Putting a Pinch in the Pipeline | 11/5/1984 | See Source »

...there is undeniably a certain element of hypocrisy and snobbery in all the talk of revived elegance, but when was it ever otherwise? And what is the harm in behaving well-or trying to behave well, or pretending to behave well-for selfish reasons? It was a kind of historical aberrancy for large numbers of people to think, as they did in the '60s, that life could be improved by boorish self-indulgence. And if there is now a return to more mannerly behavior, it is not necessarily a result of a new political conservatism. "I think...

Author: /time Magazine | Title: Minding Our Manners Again | 11/5/1984 | See Source »

...arguing is that you don't want to bias the economy against agriculture," said C. Peter Timmer, Black professor of agriculture and business, adding that, because farmers live far removed from the political centers of third-world countries, their views tend to be ignored by the politicians, to the harm...

Author: NO WRITER ATTRIBUTED | Title: Galbraith Urges Third World To Push Agriculture First | 10/23/1984 | See Source »

...Unionists, whose consent is essential for any "rolling" solution to have a chance of success. Any concession by Nationalists can be immediately declared by any political rival as a sell-out, and forcibly withdrawn. But, you will reply, we must not stop trying: it can't do any harm...

Author: By Andrew Sullivan, | Title: Investing in Civil War | 10/20/1984 | See Source »

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