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...devastatingly ironic example of petropower. The Libyan Arab Foreign Bank will lend Fiat $104 million and spend an additional $311 million to buy newly issued Fiat stock and bonds. That will give the government of Libya-which was an Italian colony until the end of World War II-an immediate 10% ownership of Fiat, the world's fifth biggest automaker, and eventually perhaps 13%; the Agnelli family's controlling interest will shrink from 35% to 30%. Libyans will take two seats on Fiat's 15-man board of directors and one place on the five-man executive...

Author: /time Magazine | Title: INVESTMENT: Riding with Gaddafi | 12/13/1976 | See Source »

...reasons for continuing the boycott are clear. In the boycott's four years, the Faculty has seldom addressed and never remedied the student objections to the CRR. Ending the boycott now would signal an end to student reservations about the CRR, and would lend a false sense of legitimization to the CRR's inherently biased proceedings...

Author: NO WRITER ATTRIBUTED | Title: Boycott the CRR | 12/9/1976 | See Source »

...summer. Two weeks ago, it decided that stronger action was needed. The board cut the discount rate-the fee that it charges on loans to member banks-from 5½% to 5¼%. It also apparently lowered its targeted interest rates on "Fed funds"-the uncommitted cash that banks lend one another-by a quarter of a point, to 4¾%. The effect of both moves is to make more money available for bank loans, which tends to bring down other interest rates...

Author: /time Magazine | Title: MONEY: Price and Pride in D.C.? | 12/6/1976 | See Source »

...long over the process, over the awkward thumps and collapsing objects? Belmondo appears in a marvelous Magritte poster-like costume--mustache, bowler hat and all--and we feel primed for a rakish romp. So why the dragging start? Perhaps the ensuing flashbacks into this life of crime will lend a clue...

Author: By Mark T. Whitaker, | Title: Robbed of Illusions | 11/30/1976 | See Source »

Gould also mentioned doubts concerning the existence of Burt's two research assistants. He said that "as far as anyone can tell," the assistants were completely fictitious, fabricated by Burt to lend credence to his results...

Author: By Joseph H. Yeager, | Title: False Data Charge Stirs I.Q.-Heredity Controversy | 11/29/1976 | See Source »

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