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Even as the negotiations for a peace treaty between Egypt and Israel appeared to flounder in Washington, the Nobel Peace Prize Committee last week announced in Oslo that this year's award would go jointly to Egypt's Anwar Sadat and Israel's Menachem Begin. Few Western observers would quarrel with the selection of Sadat, whose courageous mission to Jerusalem last November had set the stage for the tumultuous peace drive that followed. But in its attempt at even-handedness in naming Begin to share the honor and the $173,700 in prize money, the committee (see box) made...

Author: /time Magazine | Title: MIDDLE EAST: Prize and Provocation | 11/6/1978 | See Source »

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...

Author: /time Magazine | Title: Business: Costlier Oil | 10/9/1978 | See Source »

...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...

Author: /time Magazine | Title: Business: Costlier Oil | 10/9/1978 | See Source »

...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...

Author: /time Magazine | Title: Special Report: Norway: The Cost of Safety | 3/13/1978 | See Source »

...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...

Author: By Nissan Degani, | Title: Palestinians and Zionism: Searching for a Homeland | 2/28/1978 | See Source »

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