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...shortages, student unrest and a variety of other annoying domestic problems. In the circumstances, it was no surprise that Sadat decided to remove Premier Sidky. What was surprising was Sadat's decision to take on the unpopular job himself. "It's a strange move for such a shrewd politician as Sadat," mused a high-ranking U.S. State Department official. Washington sees one possible explanation: President Sadat is not prepared to serve as Premier for long but is determined to shake up his government's ponderous machinery with a short dose of direct daily supervision...

Author: /time Magazine | Title: EGYPT: To Accept Fate | 4/9/1973 | See Source »

...political corruption indictments, Thompson has made shrewd use of the immunity statutes. Witnesses, who would otherwise have faced prosecution, testified freely. The most damaging testimony against County Clerk Barrett came from a Philadelphia businessman who was given immunity and admitted that he had bribed Barrett...

Author: /time Magazine | Title: ILLINOIS: Trouble in Daleytown | 4/2/1973 | See Source »

This kind of bravura would not be possible without the billions of barrels of oil that lie beneath the region's sands. Gaddafi and the other oil-rich Arabs have exploited their resources with a shrewd combination of cooperation and militancy. Under the auspices of the Organization of Petroleum Exporting Countries (OPEC), founded by Iran, Venezuela and Saudi Arabia in 1960 to fight a reduction in prices by the oil companies, the eleven major petroleum-producing countries have increased prices 72% since 1970. Last week in Beirut they demanded further compensation to cover the recent erosion of the dollar...

Author: /time Magazine | Title: MIDDLE EAST: The Arab World: Oil, Power, Violence | 4/2/1973 | See Source »

Other Sources. Money is not the only issue, however. In Saudi Arabia, the shrewd Minister of Oil and Mineral Wealth, Ahmed Zaki Yamani, negotiated a new policy of "participation" by his government's oil agency, Petromin. Within three years, Petromin will acquire a 25% share in Aramco, the huge producing company through which Exxon, Texaco, Standard Oil of California and Mobil have been pumping Saudi Arabian oil. By 1983, the Saudis' share of Aramco will have increased to 51%. Similar deals have been made by other Middle East producers. Last week, the government of Iran took over...

Author: /time Magazine | Title: MIDDLE EAST: The Arab World: Oil, Power, Violence | 4/2/1973 | See Source »

...Marlowe and the truth about a friend's suspected murder (and later suicide)--the political interests of important businessmen, the links between quack doctors and paid-off police, and the duplicities of crooked accomplices to his friend's "crimes." Altman doesn't want to concentrate on the intelligence and shrewd stratagems which Marlowe uses to overcome denizens of the closed frontier; he doesn't give us in his film any alternative to lifestyles within California society. He wants us to take the evil of the present world as a given, and astound us with American society's mercurial ability...

Author: By Michael Sragow, | Title: Kissing Off Chandler | 3/26/1973 | See Source »

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