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...import oil, v. $20 billion in 1972. For poor countries, the oil bill will more than offset all the foreign aid they get. Even industrialized nations, says Levy, must either cut oil imports enough to cause recession or run gargantuan trade deficits financed by borrowings that eventually will pile up an insupportable debt. Though Levy does not use the words global depression, he contends that the world economy "cannot survive in a healthy or remotely healthy condition if cartel pricing and actual or threatened supply restraints of oil continue...

Author: /time Magazine | Title: OIL: Cooperate or Else | 7/22/1974 | See Source »

...center of town, the church and three mosques, nearly everything else had been flattened in the fighting or gutted by the withdrawing Israelis. When Syrians return to take control of the 70-year-old provincial capital of the Golan this week, they will find no more than a pile of rubble and refuse...

Author: /time Magazine | Title: MIDDLE EAST: Israeli Exit | 7/1/1974 | See Source »

WASHINGTON--It was after 7 p.m. and James D. St. Clair, President Nixon's defense lawyer, had not yet returned to his office. This had been another long and frustrating day for him--sitting behind closed doors with the House Judiciary Committee, watching the evidence against his client pile...

Author: By Scott A. Kaufer, * 1974, THE HARVARD CRIMSON INC. SPECIAL TO THE CRIMSON, | Title: St. Clair Keeps Nixon Hanging On | 6/13/1974 | See Source »

...table are sprawled what appear to have been a pile of Japanese prints. A basket precariously holds pieces of ancient pottery on sale. Display cases are filled with roughly categorized objects in poor condition, dirty, or in need of repairs. Everything looks antique...

Author: By Amy Sacks, | Title: There's No Business Like . . . | 5/22/1974 | See Source »

Frankenstein. Paul Morrisey's Warhol film is reportedly a gas. Of interest because it's supposed to pile on the violence in such a way that revulsion actually shifts into absurdity and half-delight. Even though the 3-D (those glasses) makes it super-real. Just opened at the Beacon Hill...

Author: By Richard Turner, | Title: THE SCREEN | 5/16/1974 | See Source »

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