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...poorest countries?those with scant resources to finance their needed imports?descended into a new category, now known as the Fourth World. The old Third World became a more exclusive, OPEC-led grouping, limited to those nations that are exploiting their rich mineral or agricultural resources. Emboldened by the oil producers' success, many other Third World countries tried to create their own price-fixing cartels for copper, iron ore, tin, phosphates, rubber, coffee, cocoa, pepper and bananas. Their leaders talked of "one, two, many OPECs." The grand plans generally failed because members have lacked the cohesiveness to make them work...
...Scant Hopes. Trudeau's purpose was also to meet the new President. In this case, however, there was scant hope that substantive issues would be settled in the two hours the two men spent together in Washington (see story page 48). Ford and Trudeau for the most part talked about the energy crisis and mutual trade problems...
With such scant expectations of concrete returns from Ford's travels, many people questioned whether he should be making the trip at all-particularly at a time when Congress has not yet confirmed a Vice President. Until then, House Speaker Carl Albert is next in line of succession. But Ford felt an obligation to honor Nixon's promise to visit Japan some time this year. Moreover Ford had decided that he must make a brief side trip to South Korea to avoid what the North Koreans might misread as a calculated snub of Park. Beyond those considerations, Ford...
...Ivan Passer, whose Intimate Lighting was one of the highlights of that brief burst of films from Czechoslovakia that also included Loves of a Blonde and Closely Watched Trains. This is his second American feature and it betrays an addled, even desperate sensibility. Passer's talents have received scant nourishment on American soil...
Exorbitant oil prices also reduce food production; the hungriest nations find it ever harder to pay for petroleum-based fertilizers. These same nations are strapped for money to buy imported food because they have to spend so much of their scant foreign exchange just to buy oil. Yet the Organization of Petroleum Exporting Countries is unperturbed. The OPEC cartel shows no disposition to cut prices significantly...