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...union with England ended in 1746, when the kilted army of Bonnie Prince Charlie was crushed at the Battle of Culloden. But Scottish nationalist yearnings never quite died away, and in the past five years the ancient Gaelic quest for independence has become a political force to reckon with. Founded in 1934, the once minuscule Scottish Nationalist Party gained 31% of the vote and eleven seats in Parliament at the 1974 elections, largely on the basis of a platform calling for more autonomy for Scotland and, eventually, full independence...

Author: /time Magazine | Title: BRITAIN: Scottish Rumblings | 12/1/1975 | See Source »

...market forces. But at a stormy meeting in Vienna in September, OPEC decided to raise oil prices 10% effective Oct. 1, rather than the 25% that some members had urged earlier. Now it appears that the actual increase will be smaller still. Experts at the Petroleum Industry Research Foundation reckon the weighted average of price boosts by all OPEC members so far at less than 9%-equal to a rise of about a penny per gal. in the U.S. price of gasoline. Assistant Treasury Secretary Gerald Parsky estimates an even lower increase...

Author: /time Magazine | Title: Business: The Market v. OPEC | 11/3/1975 | See Source »

Since the discovery of major oilfields in the mid-'60s, China has become an economic power to reckon with. The first significant shipment of petroleum, 7 million bbl., was sent to oil-thirsty Japan only two years ago. Total oil exports this year are estimated at 70 million bbl. By 1980, oil shipments abroad are expected to reach 350 million bbl. and amount to one-third of the country's exports. China's trade, which remained virtually static at about $4.5 billion annually through the long years of isolation, jumped to $6 billion in 1972 and reached...

Author: /time Magazine | Title: DIPLOMACY: Working from a New Map in Asia | 10/27/1975 | See Source »

...stop with interviews and superficial calculations concerning Leni's whereabouts and occupation. He must quantify much more metaphysical occurences, and for this purpose develops a code near the start of his narrative. Tears, Weeping, Laughing, Beatitude, Pain and Suffering are all human intangibles that he knows he must reckon into his Factual account if he would emerge with a judgement. And so T., W., L., B., P., and S. are all defined briefly but methodically, and suubsequently designated by their initials, as useful coordinates for plotting the lacrymae rerum of any one of the clump of characters he has exhumed...

Author: By Philip Weiss, | Title: T., W., L., B., P., and Suffering | 9/25/1975 | See Source »

...from $2.5 billion to $3.25 billion. One State Department official had no hesitation in characterizing this sum-most of it in the form of an outright grant that Israel will not have to repay-as a "reward" for the new peace agreement. Of the additional $750 million, U.S. officials reckon that $250 million will cover cost increases for military hardware, $150 million will be used to dismantle Israel's old defense lines in the Sinai and erect new ones, and $350 million will compensate Jerusalem for the loss of revenues from the Abu Rudeis oil wells...

Author: /time Magazine | Title: The World: Israel's Lengthy Shopping List | 8/25/1975 | See Source »

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