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...reinforce the impression that, as one congressional leader admitted, "there's a lot of Korean money around, and a lot of guys are involved." Among the main figures in the federal probes of Korean influence peddling: former Representative Richard Hanna of California, a silent partner in an import-export business run by Tongsun Park, a Washington-based Korean businessman with a yen for winning friends in high places; Louisiana Democrat Otto Passman, a longtime Park crony; and former New Jersey Congressman Cornelius Gallagher. Meanwhile, on another front, there are charges that the Korean Central Intelligence Agency (KCIA) has been...
...only for that reason, the elections last week of aldermen and mayors in 3,968 municipalities had more than local import. Their significance was further heightened by the intense nationwide campaign waged by President Ernesto Geisel, 68, the Brazilian military's hand-picked chief of state. Though securely ensconced in his own job as President until 1979, Geisel jetted through 16 of Brazil's 21 states, kissing babies, cutting ribbons and shaking every hand in sight like any vote-hungry candidate. Along the way, he invested much of his personal prestige on behalf of local candidates...
...more vulnerable than ever to world market fluctuations by concentrating so heavily on copper, he was partly a victim of plain bad luck. He could hardly have foreseen the soaring oil prices that helped depress the economies of his copper-buying customers and multiplied Zaïre's import bills. But there is more to the Zaïre story than that. Mobutu, who styles himself le Guide (the guide), also sank borrowed money-to be repaid out of copper revenues he did not get-into showy prestige projects...
...Friday afternoon, the sky is blue. Some wine would be nice, but you can't afford an import and don't understand all those years and foreign names, anyway...
Price Jump. Also, OPEC'S stated justification for a price boost is that it must maintain favorable "terms of trade" -that is, catch up with inflation in the industrial world, so that the selling price of a barrel of crude will buy as large a quantity of Western imports as it did in, say, early 1974. To oil consumers that argument seems extremely specious: the early 1974 terms of trade were achieved after a 400% jump in oil prices, and that leap caused no small part of the Western inflation that OPEC complains about. Even so, John Lichtblau director...