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...majority of Filipinos clearly back Marcos' policy of martial law. They have benefited from the improved economy and the drop in street crime. But the catalogue of problems facing Marcos could turn that support into opposition almost overnight. His challenge is to maintain a growing economy and at the same time pacify the various insurgencies threatening his control. It is a tightrope act, for if he chooses to fight the insurgents and all other opposition rather than compromise, the costs could ultimately sap the economy...

Author: /time Magazine | Title: THE PHILIPPINES: The Limits to Martial Law | 2/25/1974 | See Source »

...threats and challenges have developed almost overnight. All through the 1960s, oilmen worried constantly that a worldwide glut would lead to a catastrophic slump in prices; gas stations lured motorists with price wars, contests and giveaways of drinking glasses and steak knives; oil-bearing countries eagerly offered rich drilling concessions. And the late House Speaker Sam Rayburn

Author: /time Magazine | Title: OIL: Exxon: Testing the International Tiger | 2/18/1974 | See Source »

...evidence-or at minimum have taken advantage of it to enrich themselves by raising prices. Much of the attack focuses on Exxon's executives, ranging downward from Canadian-born Chairman John Kenneth Jamieson (see box following page). Such men are several light-years removed from the vulgar, wheeler-dealer, overnight Texas oil millionaires of popular myth and occasional reality. Still, as successors of Founder John D. Rockefeller, they must contend with memories of the evils of the old Standard Oil Trust. Moreover, Exxon executives are inviting scapegoats simply because their company has more wells, refineries. pipelines and tankers than...

Author: /time Magazine | Title: OIL: Exxon: Testing the International Tiger | 2/18/1974 | See Source »

Loaded with gear and used for antisubmarine warfare, the monster would not make the American seaborne nuclear deterrent vulnerable overnight. But the strange aircraft would give the Russians a new and ominous means of hunting the U.S. Polaris/Poseidon and Trident submarines as they cruise in the silent depths of the seven seas...

Author: /time Magazine | Title: The Nation: The Great Caspian Sea Monster | 2/11/1974 | See Source »

...middle of 1967 the New Orleans newspapers figured out that Garrison was spending almost all his time investigating the assassination, and he became a national figure overnight, the golden boy of the conspiracy buffs. A few months later, Garrison indicted Clay Shaw, a quiet, wealthy New Orleans businessman, in connection with the conspiracy, and once that happened his troubles began...

Author: By Nicholas Lemann, | Title: The Rise and Fall of Big Jim G. | 2/6/1974 | See Source »

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