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...supertankers to add to his fleet of a dozen. But the world recession and quintupled prices for oil depressed demand for petroleum and thus for tankers. As a result, Reksten canceled the contract, and now must pay Norway's Aker shipyards damages of $67 million. The Norwegian government this month came to his rescue: it agreed to buy shares in several Reksten companies for $35 million. The government will become sole owner of an oil-rig contracting firm, but Reksten will keep control of the other companies. On top of that, the Reksten tanker Sir Winston Churchill, which...

Author: /time Magazine | Title: SHIPPING: A Giant Becalmed | 7/28/1975 | See Source »

...President found "a free government that checks and balances its own excesses, and a free economic system that corrects its own errors, given the courage and constructive cooperation of a free and enlightened citizenry." In Stavanger, Norway, at ceremonies commemorating the 150th anniversary of the sailing of the first Norwegian immigrant ship to the U.S., Senator Hubert Humphrey lauded "these pioneers" who "brought with them no riches but skill, perseverance and confidence...

Author: /time Magazine | Title: Time Essay: The Morning After the Fourth: Have We Kept Our Promise? | 7/14/1975 | See Source »

Peer Gynt is lbsen's large-scale rendering of Norwegian myth. Peter Frisch has put toghether a fine production. At the Loeb Mainstage tonight, tomorrow and Saturday...

Author: By Paul K. Rowe, | Title: THE STAGE | 5/8/1975 | See Source »

Ibsen also wrote Peer Gynt to lampoon Norwegian egoism, self-sufficiency (presented as the trolls' motto) and political character, and you can see why almost anyone would be content to glean what meaning he could from the play. But Director Peter Frisch, who seems to want to drive home every nuance, cut the script sufficiently, and Peer Gynt, which runs over three-and-a-half hours, emerges much longer than the dramatic interest warrants...

Author: By Ira Fink, | Title: Too Many Frills in the Norwegian Woods | 5/8/1975 | See Source »

...Norwegian citizen who lives in Spain and whose mother is from Uruguay, yesterday's match was a rude lesson in shuttle diplomacy. In his most recent outings, Vik had won the Ivy title and finished first...

Author: By Michael K. Savit, | Title: Crimson Linksters Fall to Tigers, Elis in Tri-Meet | 4/25/1975 | See Source »

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