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Such an increase would also bring the price of Middle East oil closer to that of oil produced in the U.S., where the domestic market is protected by import quotas. At the present rate of rise in demand, the U.S. will need to import an estimated 50% of its oil by 1980. The only visible source for imports on such a scale is the Middle East. By best estimates, Alaska's North Slope holds no more than 10% as much as the reserves of the Arab countries and Iran, and there is little hope that Indonesia's offshore...
...blacks, especially Pindling, ever since it was created in 1955 by an extraordinary law. Under it, the Grand Bahama Port Authority, owned by a group of opportunistic foreign investors, was given almost sovereign powers over Freeport, including exemption from corporate and personal income taxes until 1990, and from some import duties until 2054. The Port Authority deal turned into a heated scandal when several officials of the all-white government later admitted taking "consultant fees" from some investors. Primarily on the Freeport issue, Pindling and his Progressive Liberal Party were voted into office...
...about Saigon's faltering economy, Nixon's men said, an unhappy U.S. Congress might sharply curtail American aid. Congress has reason to be concerned. Unchecked inflation has reduced purchasing power in South Viet Nam by 93% in the past 21 months. The trade deficit, thanks to American import subsidies, has risen to $685 million. The piaster, officially valued at 118 to the dollar, draws a black-market price...
...carry it around much as the Red Guards of China clutch copies of Quotations from Chairman Mao Tse-tung? Americans, among others, will soon get a chance to decide for themselves. The first issue of an English-language version of PHP is arriving from Japan this month, the newest import from the man who gave the U.S. Panasonic radios and TV sets...
...abroad on business. After posting bond, he flew off for five days to London. As if nothing had happened, the Greek junta went ahead and ratified a $200 million deal by which Niarchos will expand his Greek shipyards and build a new state oil refinery in return for oil-import concessions. A member of the medical team involved in the case confided that he was "almost sure there will be a happy ending...