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...nine of the 13 feuding members of the Organization of Petroleum Exporting Countries got together informally last week to debate what to do about falling oil prices. Several members of the group, including Nigeria and Ecuador, have been offering under-the-table discounts and exceeding their OPEC-decreed production quotas. As a result, Saudi Arabia's King Fahd directed Sheik Ahmed Zaki Yamani, his Oil Minister, to deliver an ultimatum to the rest of OPEC. The King's blunt message: Saudi Arabia, which has been holding oil exports under its quota to help prop up prices, would not keep...

Author: /time Magazine | Title: Energy: Opec's Summertime Blues | 6/17/1985 | See Source »

...motifs -- have been bleached out of current painting by the glare of its own success. And this success depends as much on the eager passivity of consumers as on the opportunism to which America, besotted with cultural therapy, consigns its talents. No culture needs a hegemony to produce its quota of strong artists; such people do continue to emerge in the U.S. But there is no doubt that the American dominance in world painting that seemed a fact of life 20 years ago is finished, and no effort of marketing can revive...

Author: /time Magazine | Title: Art: Careerism and Hype Amidst the Image Haze | 6/17/1985 | See Source »

Those of you who had private bathrooms as freshmen may have wondered why you were allowed four rolls of toilet paper at a time, but that ration was reduced to only two when you moved into certain Houses. Or why any House would have a toilet paper quota to begin wish. Are Masters afraid, you'll spend all your time "squeezing the Charmin" instead of studying, or do they just want to prevent you from t.p. ing the Yard...

Author: By John Rosenthal, | Title: Of Waffles and T-Bones | 4/29/1985 | See Source »

...witty, self-effacing and very British way, Braithwaite also has a lot to say about contemporary fiction in general. His opinions are marked by their forthrightness, as in his assertion that he's "saving Virginia Woolf for when I'm dead," or his hilarious skewering of Marquezian pyrotechnics; "A quota system is to be introduced on fiction set in South America. The intention is to curb the spread of package-tour baroque and heavy irony....Ah, the daiquiri bird which incubates its eggs on the wing; ah the fredonna tree whose root grow at the tips of its branches...

Author: By Jean- CHRISTOPHER Castelli, | Title: This Bird Has Hown | 4/22/1985 | See Source »

...Virginia Woolf for "when I'm dead." He would like to impose bans on certain categories of novel: those in which a group of people, isolated by circumstance, revert to the "natural condition" of man; novels about incest; those set in Oxford or Cambridge. He would also impose a quota system on fiction set in South America, "to curb the spread of package-tour baroque and heavy irony...

Author: /time Magazine | Title: Books: Pleasures of Merely Circulating Flaubert's Parrot | 4/8/1985 | See Source »

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