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Prosciutto and Melon. The disputed merger is special because British Petroleum is 49% owned by the U.S.'s staunchest foreign ally, the British government. Equally important, BP stands to benefit hugely from its oil finds on Alaska's North Slope. BP has discovered reserves estimated at an enormous 5 billion barrels, or about 25% of the total believed to lie under that barren region. Seeking marketing outlets for its crude, a BP subsidiary last March bought approximately 8,250 East Coast filling stations from Sinclair...

Author: /time Magazine | Title: Antitrust: Blocking the British | 10/17/1969 | See Source »

...British view, a merger between BP and Sohio is as logical a combination as prosciutto and melon. The North Slope strike and the Sinclair acquisition, says BP Chairman Eric Drake, left BP "with an oilfield at one end of the country, a market at the other, and Sohio in the middle." Sohio, which has some 3,500 gas stations in the Midwest, is renowned for its refining and marketing organization, but it has not had access to enough crude oil to permit expansion. So the companies .agreed to have Sohio take over BP's U.S. marketing, with BP supplying...

Author: /time Magazine | Title: Antitrust: Blocking the British | 10/17/1969 | See Source »

True, his timing is not always as good as it is in, say, Reasons of Health, where a character who is as sound and as stupid as a melon is kept in expensive quarantine in Teheran by an Iranian con man posing as a health official. Jacobs is all surface manner, often on the verge of lapsing into mannerism. Sentimental background music swells too resoundingly over some of his wry endings. Rarely touching the deeper implications of his themes, perhaps for fear of losing the rhythm of his routines, he often fails to provide enough serious relief...

Author: /time Magazine | Title: Books: Nightclub of the Mind | 9/26/1969 | See Source »

Over three Arab countries last week, Israeli jets struck with sudden and lethal fury. Following a series of guerrilla attacks launched from Jordan, including the mining of a military bus, Mirage and Skyhawk bombers breached the $85 million East Ghor irrigation canal, leaving the melon, banana and vegetable fields of thousands of Jordanian truck farmers without water. Next day the jets strafed and napalmed guerrilla hideouts 2,500 ft. up on forested Mount Hermon in southern Lebanon, the jump-off point for 21 attacks against Israeli farms and outposts in the past month. A third retaliatory raid silenced Jordanian heavy...

Author: /time Magazine | Title: Israel: Commanding the the Skies | 8/22/1969 | See Source »

...cherished aim of Rumania's in dependent Communist boss Nicolae Ceauşescu is to see his country out grow its role as the melon-and- cucumber patch of Eastern Europe. Nothing will change, he realizes, if the Russians have their way. So Ceauşescu stubbornly resists the integration of Rumania's economy with the Soviet bloc's Council for Mutual Economic Assistance (Comecon). Instead, he relies largely on Western technology to turn his country toward industrialization...

Author: /time Magazine | Title: Rumania: Turning West | 4/18/1969 | See Source »

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