Word: oils
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Dates: during 1970-1979
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...influence. The U.S. embassy in Manila is one of the largest in the world, with a staff of 813. Even some of Marcos' opponents felt that the U.S. stance on human rights was a crude intervention in Manila's domestic affairs. Local businessmen complain that their coconut oil is heavily taxed when it enters American ports, while a similar product from Malaysia is imported under low preferential tariffs. Meanwhile, the archipelago is awash with American pop culture. Rock 'n' roll is so ubiquitous that the radio stations have been ordered to play at least one Filipino...
...Libyan viewed him as a rival to his own ambitions as spiritual leader of the Muslim world. The embarrassed Libyans quickly sent a team to Rome that claimed to have documentary proof that the Imam had left Tripoli on schedule. The Palestine Liberation Organization, which feeds on Libyan oil money and also backs the Muslims in their struggle against Lebanon's Christians, dispatched its own investigators to Tripoli. They reportedly turned up the Imam's baggage, abandoned in a hotel. Italian police, after combing hotels, boardinghouses and the homes of Lebanese in Rome, announced that there...
...memorable quotations from the fleeting days of John Paul, and the Vatican found some of them unsettling. At his first audience he quoted Pinocchio and compared the soul in the modern world to an automobile that breaks down because it runs on champagne and marmalade instead of gasoline and oil. Meeting with the Vatican press corps, he tossed off the notion that today St. Paul, who carried the news of Christ around the Mediterranean world, would probably be the head of a wire service. There were his sternly pastoral addresses deploring divorce to a group of U.S. bishops...
...politically sexy as trying to knock down inflation or prop up the dollar, but Jimmy Carter has another tough economic imperative on his hands: dealing with the trade deficit. Until the late 1960s, the U.S. routinely piled up comfortable surpluses almost without trying. Since then, rapidly rising imports of oil and manufactured goods combined with the relative slackening of the sales of American products abroad have tipped the trade balance perilously out of kilter. In the past three years, the excess of what the U.S. bought over what it sold abroad rocketed to a total of $31 billion, and this...
Amid the most elaborate security operation that Norwegians had seen since World War II, 70 representatives of ten Arab countries gathered in Oslo last week to discuss their favorite topic: oil. The news that came out of their three-day conference was about as chilly as the city's 50ºF. weather. The Arabs not only wanted to bust the two-year freeze on oil prices with a substantial increase in 1979, they also called for a plan under which oil prices would continue to rise in step with the cost of other raw materials...