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...program starts out under two heavy handicaps. The first is that in order to keep from shivering this winter, the U.S. will have to import huge quantities of heating oil from Europe; but Europeans, worried that the Mideast war will cut off their crude-oil supplies, may not make the fuel available. Already Italy and Spain have clamped strict controls on heating-oil exports...

Author: /time Magazine | Title: FUEL: Allocation at Long Last | 10/22/1973 | See Source »

...this late date, the yielding up of an imperial crown for the hand of Wallis Warfield Simpson cannot remotely claim the urgency and import that H.L. Mencken once assigned to it when he called it "the greatest story since the Resurrection." Ryton is a slave to the egalitarian fallacy-namely, that under the trappings of royalty lie simple everyday souls who have their ups and downs just like thee...

Author: /time Magazine | Title: The Theater: Newsclips of 1936 | 10/15/1973 | See Source »

...their costs. Last week Volkswagen of America raised the average price of Beetles a hefty $325, or 14%; other foreign car makers are certain to follow suit. That happens to fit in nicely with the pricing strategy of the U.S. automakers, who are posting substantial price increases on their import-battling small cars, while adding only marginally to the prices of slower-selling larger models...

Author: /time Magazine | Title: AUTOS: The New-Model Gamble | 10/15/1973 | See Source »

Fund Package. Kidder, Peabody and New York's First National City Bank are putting together a combination of funds, which might include money from Saudi Arabia and Kuwait, and credits and interest guarantees from the U.S. Government's Export-Import Bank. By 1977 the pipeline is expected to carry 80 million tons of crude a year, and transit fees are expected to total $150 million annually...

Author: /time Magazine | Title: OIL: Political Pipeline | 10/15/1973 | See Source »

Instead, he has relied on existing rail lines that pass through Portuguese territory and on the highway northeast to Tanzania. The blockade is forcing Zambia to pay an extra $150 million in import-export costs, and it has led to a few shortages. "Luxury living has been given its marching orders," says Kaunda...

Author: /time Magazine | Title: ZAMBIA: Kaunda in Command | 10/8/1973 | See Source »

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