Word: oiling
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Dates: during 1980-1989
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LAST WEEK IT became known that Kennedy School Dean Graham T. Allison '62 approved a proposal to bestow University Officer status on an oil-rich Texas couple in return for a $500,000 gift to fund the School's creative and worthy loan forgiveness program. A number of Harvard officials last week dubbed the K-School fund-raising tactics a "loose cannon". In the words of one Harvard official, the K-School "is on the make. They prostitute themselves more." President Bok needs to look into the ways in which money is exchanged for prestige University-wide. Dean Allison...
...document had only six lines of print, but for Texaco its price may run into the billions. The Texas Supreme Court refused to review a $10.5 billion judgment against the third largest U.S. oil firm. Now Texaco's only avenue of escape is the U.S. Supreme Court...
According to Kennedy School memos, the Dickinsons have held posts at universities from West Virginia to China. Kennedy School Special Projects Assistant Geralyn White '84 wrote in a memo that the couple "have inherited oil money and still have holdings in Texas." The Dickinsons' family oil business in Wichita Falls, Tx. "consumes half of their time," the memo says...
...state that looks upon politics as public amusement, his bon temps style played well -- at least while oil profits let the good times roll. But, as an unusually subdued Edwin Edwards noted, "it has to end sometime." After finishing second in an open primary on Oct. 24, he admitted defeat in his attempt for a fourth term as Louisiana's Governor. His successor will be four- term Congressman Buddy Roemer, 43, a reform-minded conservative Democrat...
Levy an energy tax. This could be a twofer: it would not only help ease the budget deficit but could also reduce the trade gap by discouraging demand for imported oil. A tax of $5 per bbl. on annual U.S. imports of some 1.5 billion bbl. of foreign crude would raise approximately $7.5 billion in extra revenues. An alternative is a gasoline tax of 5 cents per gal. in addition to the current 9 cents federal levy, which would produce an extra $5 billion or so (1986 U.S. consumption: 112 billion gal.). Though energy taxes tend to be regressive, citizens...