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...temporary phenomenon of no great consequence. But the strike has been dragging on since late October, and for the last month virtually no crude at all has been pumped out of the ground. Last week, in fact, the U.S. faced the bizarre situation of having to rush an emergency shipment of 200,000 barrels of diesel fuel and gasoline to Iran because local refinery output is insufficient to meet domestic needs...

Author: /time Magazine | Title: Business: Oil Squeeze | 2/5/1979 | See Source »

Cocaine too is carried on mother ships and lumbering old planes, but since it is so much more compact than marijuana, and worth almost six times its weight in gold, there are simpler methods of shipment. A commercial air traveler flying from Bogota can make $10,000 tax free by carrying a pound about the size of a paperback book. Many passengers do. They carry the white powder on their bodies, inside candy bars or toothpaste tubes, under slightly askew wigs, sewn into leather saddles...

Author: /time Magazine | Title: The Colombian Connection | 1/29/1979 | See Source »

...rearm their badly equipped military forces. They will probably make only a few selective purchases at first, because of their shortage of capital. Chinese and Americans kept up brisk negotiations. Coastal States Gas Corp., a U.S. firm, agreed to buy 3.6 million bbl. of Chinese crude, the first shipment to arrive early this year. In accordance with its aim to double annual steel production, to 60 million tons in 1985, China signed an agreement with Bethlehem Steel for the development of an iron mine at Shuichang, in Hopei province...

Author: /time Magazine | Title: Man Of The Year: Visionary of a New China | 1/1/1979 | See Source »

...Lufthansa's treasure. Apparently it was there by a fluke. The money was scheduled to be transferred from Kennedy into Manhattan on the Friday before the heist, but when a Brink's truck arrived to take the money to Chase Manhattan, the Lufthansa foreman was too busy directing another shipment to open the vault. Some investigators think that there may have been a conspiracy to keep the money at the facility over the weekend...

Author: /time Magazine | Title: Nation: Robbing the Red Baron | 12/25/1978 | See Source »

...indicate he could be one of our finest travel writers. His scenes of Ellelloū and his four wives again demonstrate that he is the master of reproducing the cold exchanges and icy silences of domestic warfare. His control of bizarre episodes-a U.S. AID adviser immolated atop a shipment of Kix Trix Chex Pops, Russian missile experts rollicking like Kievstone Kops, a severed head turned into a Disneyesque talking relic-steers him clear of gratuitous black humor...

Author: /time Magazine | Title: Books: White Mischief | 12/18/1978 | See Source »

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