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...Total imports in 1985 may conceivably drop to 1.7 million bbl. a day, provided that the U.S. enacts a strong energy conservation program in addition to following Ford's other legislative remedies. On the other hand, if Congress bucks the President's call for decontrolled prices and eased environmental laws, which seems likely, the nation can expect to import 11.3 million bbl. of oil a day in 1985. FEA's report attempts only to provide an objective basis for future energy decisions. Its figures nonetheless give a timely warning that in the foreseeable future there...

Author: /time Magazine | Title: ENERGY: Mission Impossible | 3/15/1976 | See Source »

...Lockheed agent in Colombia, once wrote matter-of-factly to the U.S. company that "4% or 5% is usually needed to consummate transactions in the price range of Lockheed products. A number of people involved not only in making decisions to buy but also in the financing approvals, import licenses, contract negotiations, etc., etc., expect part...

Author: /time Magazine | Title: SCANDALS: THE BIG PAYOFF | 2/23/1976 | See Source »

...compact, which is now be ing discussed in Congress. The island would be explicitly recognized as a sovereign entity voluntarily choosing union with the U.S. Puerto Ricans would remain U.S. citizens but, unless they live on the mainland, still could not vote for fed eral offices. Most important, Puerto Rico would gain full autonomy in specific areas, perhaps including the setting of minimum wages, environmental controls and tariffs, and regulating immigration. It would be able to import some goods without paying duties...

Author: /time Magazine | Title: PUERTO RICO: Trying to Moke It Without Miracles | 2/16/1976 | See Source »

banks have lent to developing countries or their agencies. Many of these countries have been hit by rising import bills for oil, while their revenues from exports of raw materials are tumbling because of worldwide recession...

Author: /time Magazine | Title: BANKING: Digging Out of the Bad Debt Mess | 1/26/1976 | See Source »

...poor in confrontation with the rich has survived, even though the OPEC price hike did more harm to the economies of underdeveloped nations than to those of the West. Most First World countries ultimately succeeded in boosting exports of their manufactured goods and technology enough to offset the higher import costs of petroleum. Developing countries, on the other hand, have had to spend so much of their foreign currency reserves on costlier oil or petroleum products that many have had to cut back sharply on development plans requiring capital equipment imported from the West. By joining in the chorus that...

Author: /time Magazine | Title: Special Report: Poor vs. Rich : A New Global Conflict | 12/22/1975 | See Source »

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