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...Kissinger Plan proposes a $25 billion "safety net" lending agency that would be funded by consuming nations. Member countries strapped by high oil-import bills could borrow from the fund in emergencies, if they agree to energy-conservation steps...

Author: /time Magazine | Title: Business: Facing OPEC: A Short Guide | 12/30/1974 | See Source »

...familiar three kings of Christmas legend (later piety gave them names, ages, races and crowns), but rather an unspecified number of astrologers, perhaps from Babylon. Even in that guise, some critics suggest, their existence is questionable, possibly merely a preaching device used by the evangelist to suggest the import and universality of the astonishing event: God become...

Author: /time Magazine | Title: THE BIBLE:THE BELIEVERS GAIN | 12/30/1974 | See Source »

...countries in Europe. Striptease shows, topless dancers, dirty books and X-rated movies were, legally, at least, not allowed into the country. At the most, an occasional street vendor would risk arrest by the morals squad and peddle a few bootlegged copies of Playboy or some other forbidden girlie import. The morals squad still exists, but since the April revolution, the risk has gone out of eroticism. In fact, one of the curious consequences of the coup that ousted the old regime is Europe's biggest explosion of pornography since Denmark legalized practically everything...

Author: /time Magazine | Title: PORTUGAL: Revolutionary Blue | 12/23/1974 | See Source »

...sexually explicit Danish magazines are now available on newspaper kiosks along with tamer publications like Penthouse. Uncut versions of previously forbidden films such as Last Tango in Paris and A Clockwork Orange are drawing huge crowds. A dubbed-in-Portuguese version of Deep Throat has been approved for import. Bawdy, undulating, take-it-all-off strippers from France and Italy are lending new interest to traditional vaudeville. Enthusiastic audiences flocked to see Last Fado in Lisbon, featuring a French stripper named Poupée la Rose...

Author: /time Magazine | Title: PORTUGAL: Revolutionary Blue | 12/23/1974 | See Source »

...strategy has been to plow profits from the oil industry -which provides 40% of the nation's wealth but less than 1% of its jobs-into agriculture. Although Venezuela has vast tracts of potentially productive farm land, agriculture has been so mismanaged that the country will have to import $450 million worth of food this year. To curtail a rural exodus that has already concentrated 78% of his 12 million countrymen in the nation's major cities, Pérez has offered incentives to lure people back to the fields. The government promised to assume past debts incurred...

Author: /time Magazine | Title: VENEZUELA: Pefro/ecrr Society | 12/16/1974 | See Source »

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