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...example, are able to sell what they can make from a barrel for only $26 to $27. As delegates from the 13 member nations harangued, haggled and tried to hammer out a scheme of prices and production quotas that would stabilize the market, Venezuela's Humberto Calderón Berti warned, "If we start fighting, all of us, the price will go down to $20 a barrel...

Author: /time Magazine | Title: Opec: Emperors with No Clothes | 3/21/1983 | See Source »

...Salvador. Roberto d'Aubuisson, the candidate of the far right, is determined these days to soften his image as a gunman. He rose in Salvadoran society by attending his country's military academy, a traditional route to the top. After the 1979 coup that removed General Carlos Humberto Romero and installed a reformist junta, D'Aubuisson was purged from the army by the new government. Excerpts from D'Aubuisson's session with TIME Mexico City Bureau Chief James Willwerth and TIME's Timothy Loughran...

Author: /time Magazine | Title: We Will Win the Fight | 3/29/1982 | See Source »

...Salvador. It looked at first like a victory for democracy. The coup that toppled rightist Dictator General Carlos Humberto Romero in October 1979 established a "progressive" junta that included civilian leaders. Trying to satisfy peasant expectations, the military-civilian junta later launched an ambitious reform program; it nationalized the core of the banking system and expropriated many of the larger estates for redistribution among the campesinos...

Author: /time Magazine | Title: Terror, Right and Left | 3/22/1982 | See Source »

Sandinista speeches also began to take on a decidedly paranoiac tinge, helped along, in part, by U.S. naval maneuvers last October off the nearby Honduran coast. When Nicaraguan Defense Minister Humberto Ortega warned that the country's enemies "will be hanging along the roads and highways" in the event of a U.S. invasion, COSEP leaders reacted. In an open letter, they charged that "the national economy shows no signs of recuperation, social peace has not been found, the country finds itself in spiraling debt, with no foreseeable end." The directorate thereupon threw four COSEP leaders in jail, along with...

Author: /time Magazine | Title: Nicaragua: Life in the Bunker Republic | 12/14/1981 | See Source »

When Defense Minister Humberto Ortega warned that the government's enemies "will be hanging along the roads and highways of the country," COSEP circulated copies of his speech to foreign journalists, then decided the time had come to act. In an open letter to the government, business leaders charged that "the national economy shows no signs of recuperation, social peace has not been found, the country finds itself in spiraling debt, with no foreseeable...

Author: /time Magazine | Title: Nicaragua: Crackdown | 11/2/1981 | See Source »

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