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...ministers may have to live with the glut for a while longer. Quota cheating by the small Persian Gulf states and price discounting by Iran have swelled the cartel's actual production to 18.5 million bbl. In addition, North Sea oil output rose 13.5% during the first five months of this year. To meet those challenges, OPEC last week organized committees to press each member for lower production levels, and Saudi Arabian Petroleum Minister Sheik Ahmed Zaki Yamani agreed to ask London and Oslo for a rollback in North Sea production. Then, in a symbolic gesture of unity...

Author: /time Magazine | Title: Opec: Crude Awakening | 7/23/1984 | See Source »

...been overlooked, or to make some wry self-revelation. Sometimes he does all three at once, as in his discussion of W.H. Auden. He recalls finding the famous older writer "frightening" when he met him, but he does not hesitate to slap down Auden's post-1940 American output as "too verbose to be memorable and too intellectual to be moving," well below the energetic, socially committed English Auden...

Author: /time Magazine | Title: Books: Anti-modern | 7/23/1984 | See Source »

...calm reflection. Whether the cause is the court's work load or the Justices' inclination to be dilatory, this year has been no different. At the start of last week, the court still had 43 undecided cases, almost one-quarter of the full term's output. By the end of last week, 20 decisions had been announced in a mountain of opinions, concurrences and dissents. One in particular stirred broad national interest: the Justices took the ball away from the N.C.A.A...

Author: /time Magazine | Title: Law: Taking Away the N.C.A.A.'s Ball | 7/9/1984 | See Source »

...plan was just one element in a larger N.C.A.A. structure designed to discourage the "professionalization" of intercollegiate sports. Stevens saw the action differently. Without the N.C.A.A. restrictions, many more games would be broadcast by local stations, he observed. "Individual competitors lose their freedom to compete. Price is higher and output lower than they would otherwise be, and both are unresponsive to consumer preference...

Author: /time Magazine | Title: Law: Taking Away the N.C.A.A.'s Ball | 7/9/1984 | See Source »

...Black, No. 1: Portrait of the Painter's Mother, 1872, one of the half-dozen most famous pictures of the 19th century. The reasons for its fame are obscure and debatable, but the results are plain to see: "Whistler's Mother" swamped the rest of his output, turning him (at least in the eyes of the public after his death) into a one-painting man. A quip and a portrait of an old lady from North Carolina: on such thin pedestals do legends rest...

Author: /time Magazine | Title: Art: Pleasures of the Iron Butterfly | 6/18/1984 | See Source »

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