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...would probably be capitalized at from $5 to $10 billion in loans from OPEC. This has been nicknamed "Witteveen Mark II," to distinguish it from "Witteveen Mark I," a similar fund established earlier this year with $3.4 billion. That fund will be completely exhausted by year's end, having lent its money to 18 nations. The new account will be able to lend money to advanced nations that cannot meet their oil bills, as well as to the Fourth World...

Author: /time Magazine | Title: OIL: Trying to Cope with the Looming Crisis | 10/14/1974 | See Source »

...verses and instantly, everyone stood up on his or her seats. The spots fell down upon the main mike next to which stood an emaciated Lou Reed, clad in a sleeveless black T-shirt and worn-out jeans. In addition, his almost platinum-bleached hair and coal-black sunglasses lent him an ominous air, the total embodiment of all Reed has ever represented...

Author: By John Porter, | Title: All That Glitters... | 10/11/1974 | See Source »

...Turkish general staff, indeed, seemed independent even of Premier Bülent Ecevit's civilian government, adamantly vetoing any suggestion from Ankara that Greek refugees be allowed to return home until a permanent political solution had been worked out. "It is not because we want to impose anything on the Prime Minister," said a high-ranking military man. "But we are the people responsible for the lives of Turkish soldiers and Turkish Cypriots. We cannot take the risk...

Author: /time Magazine | Title: CYPRUS: Ankara's Slow Nibble | 9/16/1974 | See Source »

...area, and the Turks adamantly refused to open them to the Greeks. The Turkish military commanders severely hampered efforts of the International Red Cross and United Nations troops to give outside supplies to Greeks still behind Turkish lines. "We have personal pledges of cooperation from Turkish Premier [Bülent] Ecevit," fumed one relief official. "But the Turkish military on the island just doesn't give a sweet goddam." The Turks also said no to many Greek farmers who wanted to go through the lines to water and feed the livestock they had left behind...

Author: /time Magazine | Title: CYPRUS: Looking for Paradise Lost | 9/2/1974 | See Source »

...newest Turkish violation of the cease-fire on Cyprus began at dawn Wednesday, less than an hour after the breakdown of peace talks in Geneva. Günes telephoned Premier Bülent Ecevit in Ankara to report that Greece would not accede to Turkish demands that the island be partitioned into Greek and Turkish Cypriot zones, and that the talks were fruitless. Almost immediately Radio Ankara signaled the code words: "TYK in Force," meaning start the assault. Within minutes, Turkish jets were over Famagusta and Nicosia, making passes in Nicosia's International Airport area and dive-bombing...

Author: /time Magazine | Title: CYPRUS: Bitter Hatred on the Island of Love | 8/26/1974 | See Source »

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