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Former Swedish Prime Minister Olof Palme, acting as the U.N.'s peacemaker, returned from successive visits to the two warring capitals with an agreement in principle for freeing 63 merchant ships trapped in the Shatt al Arab waterway. Said he: "The first ray of hope." In Washington, a high State Department official was less sanguine: "It's a bloody low-level conflict, a bit like the trench warfare of World War I. It could...

Author: /time Magazine | Title: PERSIAN GULF: Split at the Arab Summit | 12/8/1980 | See Source »

...English playwright (The Homecoming, Betrayal); and Lady Antonia Fraser, 48, socialite and biographer (Mary Queen of Scots, Royal Charles); both for the second time; in London. Lady Antonia has six children from her marriage to Tory M.P. Hugh Fraser; Pinter has one son from his marriage to Actress Vivien Merchant...

Author: /time Magazine | Title: Milestones, Dec. 8, 1980 | 12/8/1980 | See Source »

...spice merchant, Olayan (pronounced o-la-yan) started work in 1937 as a dispatcher for an organization that became the Arabian American Oil Co. and used his excellent English, learned in high school in Bahrain, to make himself invaluable. In time he was negotiating land rights for Aramco and accompanying its resident boss on visits to the Saudi royal court. In 1947, when Aramco began a major pipeline project, Olayan was asked to become a contractor. He mortgaged his house for $8,000, bought four trucks...

Author: /time Magazine | Title: Business: Olayan's Way | 11/24/1980 | See Source »

...fate worse than being a Democratic leader was being filmed by FBI undercover agents while dealing with fictitious sheiks. The two Democrats convicted in the scandal, Michael ("Ozzie") Myers of Pennsylvania and John Jenrette of South Carolina, as well as two awaiting trial, Frank Thompson of New Jersey and Merchant Marine Committee Chairman John Murphy of New York, were defeated. The sole survivor among those indicted: Raymond Lederer of Pennsylvania, whose trial is scheduled for December...

Author: /time Magazine | Title: Nation: The House Is Not a Home | 11/17/1980 | See Source »

DIED. Richard R. McNulty, 81, retired vice admiral and sixth-generation sailor who helped to found the U.S. Merchant Marine Cadet Corps in 1938 and the U.S. Merchant Marine Academy at Kings Point, N.Y., in 1943, serving as the academy's superintendent from 1946 to 1948; in Gloucester, Mass...

Author: /time Magazine | Title: Milestones, Nov. 17, 1980 | 11/17/1980 | See Source »

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