Word: oslo
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Dates: during 1970-1979
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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...
...Norwegians had invited the Arabs to Oslo in hopes of selling them some of the equipment and expertise they have developed in exploiting their own North Sea oil deposits. The Arabs, in turn, want the Norwegians, as well as other non-OPEC oil producers like Britain and Mexico, to link up with the cartel in some fashion, the better to expand its power to keep prices high. While the Norwegians emphasized that they had no intention of joining OPEC, Energy Minister Bjartmar Gjerde acknowledged the interest of his country in "prolonging" the benefits it has been getting from its North...
...rather than nationalization has been Labor's method of building Norway's socialism, which the party defines as "equality among all individuals and groups." Steeply progressive personal taxes (50% for a couple earning $30,000) have helped to level incomes. Says Christian Erlandsen, managing director of an Oslo auto parts firm: "After taxes the difference between me and the lowest-paid guy at this company is not very great. You can't look at just income; you must look at other values. We have our cabins, our spare time. What may be most important...
...information office in Oslo followed the same theme last year, declaring, "There is no new policy by the PLO to recognize Israel...The declared program of the PLO is to bring about the destruction of the Zionist entity of Israel...
Since 1974 more than 50 Yankee bond issues have been sold in the U.S., almost all by governments or organizations whose credit is government-guaranteed. Borrowers include the national governments of Australia, Finland and Norway; the city governments of Oslo and Stockholm; the European Coal and Steel Community and the European Investment Bank; the Japan Development Bank; the state-owned French railroad, telecommunications and electricity networks. Privately owned foreign companies still sell few bonds in the U.S.; they prefer to raise their money in Europe where, for all the disadvantages, there are no tough rules ordering disclosure of secret corporate...