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Coldly Realistic. In sum, Levy persuasively reasons that paying for oil will continue to be a burden, heavy even for the industrial states and crushing for the many poor countries that do not possess oil. He fears that attempts by each nation to cure its own deficit could lead to "a mushrooming of new barriers to trade" that oil importers would erect, not against OPEC but against each other. In his coldly realistic report, Levy predicts it will take at least three or four more years than the banks anticipate-or roughly until 1983-84-before the problem begins...

Author: /time Magazine | Title: Business: The Cold Light of Levy | 6/30/1975 | See Source »

...Riesman explains, comes in two varieties: the "aristocratic" and the "democratic." In the former version, decisions about who wins and who loses the competition are the prerogative of the people at the top of the system. Without any formalized standards to guide them, one simply hopes that the judges possess at least a modicum of fairness. In the "democratic" or "common-man" version of meritocracy, one can be less dependent on the judges' individual qualities, since by means of uniform tests and other impersonal criteria the question of who wins and who loses becomes much less a matter...

Author: By Geoffrey D. Garin, | Title: The Way We Weren't | 6/11/1975 | See Source »

...Physically, he slopes about the stage in a Neanderthal manner and adopts a metronomic, tongue-darting tic. He is good at evoking the image of a sometimes sniveling, sometimes snarling, power-hungry hood, but the role demands more. Ui must resemble a sinister Chap lin. He must possess a chilling, demonic mesmerism. Pacino displays neither...

Author: /time Magazine | Title: The Theater: Heil Heel | 5/26/1975 | See Source »

...free society in which people, without any help from city hall or Congress, organize at a local level to run their own schools, businesses and neighborhoods. Writes Hess: "I want to live in a community where decent human beings all will practice those skills which all may possess in common, truthfulness, consideration of others, a sense of proportion in undertakings and in ambitions and the various human traits associated with deep love of another and an abiding respectful sense of self...

Author: /time Magazine | Title: Books: Means and Extremes | 5/19/1975 | See Source »

...problems to solve along the road we have chosen. We are trying out a new kind of economy in Portugal, even though we still live in a capitalistic system. this creates serious problems for us because we have to manage these new state companies with the human resources we possess...

Author: /time Magazine | Title: The World: Four Views from the Top | 5/5/1975 | See Source »

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