Word: matter
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Dates: during 1970-1979
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Iran and Libya urged that OPEC adopt the classic market-tightening tactic of cartels: production cutbacks of 5% to 10% that would keep prices high even if demand sags. But several members, including Venezuela, resisted on grounds that production levels are a matter of national sovereignty. Among those opposing the cutbacks was Iraq, which has invested heavily in oil development and is now pumping some 3.7 million bbl. daily, making it OPEC'S second largest producer after Saudi Arabia (9.5 million...
...trip was part of a periodic exchange of visits between leaders of the two nations, and the agenda concentrated on the issues that currently matter most to both countries: Iran, Zimbabwe Rhodesia, Northern Ireland, defense, energy and the threat of recession. Back home Thatcher's own popularity has suffered as inflation has climbed to 17%, with the prospect of worse to come in 1980. Nonetheless, she seems to relish the challenge, openly acknowledging that her rigorously conservative policies will not begin to take effect until...
...desire. When the mania fell away, the flowers were as pretty as they had been before. It was just that now few people wanted them very much, whereas before they had been invested with a kind of fetishistic and obsessive "rarity." Bullion is not absolute; its value is a matter of assignation, of social agreement. Tulip bulbs are no longer bullion, and it is not hard to imagine a time when art will not be either. It has happened before, and can easily happen again. Those who pronounce on art's power as a hedge against inflation...
...second flaw in the euphoric confidence of today's art traders is a matter of historical myopia. How wonderful, we are told, that all things rise in price, as though in some universal resurrection and canonization of the dead. Twenty years ago, you might not have got $1,000 for the Pre-Raphaelite painting that now fetches $100,000. The $30,000 Tiffany lamp was not worth $3,000, and so on. One is left with the impression-indeed it is cultivated assiduously by the largest gaggle of public relations people ever to batten on the flank of culture...
...Iranian crisis was in its seventh week and OPEC was propelling oil prices to historic heights. But in that cosmopolitan capital on the Potomac, the best and the brightest were preoccupied with a more delicate matter: the open or shut case of Zbigniew Brzezinski's fly. As it turned out, President Carter's National Security Adviser had kept his zipper up, and the Washington Post was caught with its trousers down...