Word: oslo
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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...
When the Nobel Peace Prize Commitee in Oslo announced last year that it would give no award for 1976, Norwegians were prepared. An alliance of newspapers and civic groups had already begun a campaign for a "People's Peace Prize," which eventually collected $324,000 in donations. The sum was awarded to Betty Williams and Mairead Corrigan, the Roman Catholic "peace women" of Belfast (TIME, Dec. 13) who had stirred the world with their pleas for an end to sectarian bloodshed in Northern Ireland...
...forbidding island of Spitsbergen is another bone of contention. The Soviets keep pressing Oslo for a "special arrangement" that would enhance their economic rights on the island, which was demilitarized in 1920 by a 40-nation treaty and placed under Norwegian sovereignty. Rebuffed, Moscow nonetheless insists on maintaining 3,400 Russians on Spitsbergen (v. 1,000 Norwegians), most of whom are military men disguised as civilians. Under the treaty, their presence on the island is perfectly legal, so long as they obey Norwegian laws. One of their assignments: to discourage Norwegian interest in the Kola Peninsula's military installations...
Delegates to last week's I.P.I. meeting in Oslo generally deplored UNESCO's intrusion into the developmental-journalism debate, which some of them claimed violates the agency's charter and lends unwarranted legitimacy to Third World press-bashing. Many Western journalists admit, however, that their coverage of the developing world could be improved. U.P.I., for instance, has more full-time correspondents in London (14) than in all of Latin America (12), and NBC does not maintain a bureau anywhere in Africa. "We concede that an imbalance of information exists in some parts of the world," says U.P.I...
...underwhelming presence of Western correspondents in the Third World is in large part the fault of the developing nations themselves. Most of them are one-party states or outright dictatorships, with a tightly controlled domestic press, and little patience for Western notions of free inquiry. I.P.I. officials in Oslo reported last week that 31 governments, most of them developing countries, expelled, harassed or denied visas to foreign correspondents last year. Says Gerald Gold, deputy foreign editor of the New York Times: "They are complaining about the very guts of American journalism, which is to look at things with a hard...