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...cartel's oil has jumped from $2.41 per bbl. to $14.55, an incredible $550 billion has cascaded into OPEC coffers. The cartel's leaders, many of whom head backward and unstable regimes, have been propelled to the forefront of world economic, financial and strategic affairs. Variously smooth and snappish, OPEC'S chiefs contend that they are merely embellishing the rules of the game as taught by the oil majors. From the moment that John D. Rockefeller organized the infant U.S. petroleum industry into a producers' cartel to maintain stable and profitable prices, companies have employed one device after another...

Author: /time Magazine | Title: Inside the Big Oil Game | 5/7/1979 | See Source »

...weakness of Proxmire's case was one reason for Miller's confirmation, another was Miller's own coolness under fire. On the eve of his final appearance before the committee, the usually jovial Textron chief turned uncharacteristically snappish with his aides and prepared a 50-page statement in his defense. Once on the stand, however, he found no need to quote from it; his impromptu answers to Proxmire's queries were enough. When Proxmire opened by saying that to him "the facts ring loud and clear; Textron bribed Khatemi," Miller responded that the Senator was making...

Author: /time Magazine | Title: Business: New Defender of the Greenback | 3/13/1978 | See Source »

...pleas of his staff, Carter refused to retreat at first-thus giving a rare public demonstration of his obsti-nancy under pressure. Asked why he, a man who is generally precise and subtle in his use of language, persisted in using words that offended so many people, Carter became snappish. "You know what 'alien' means," he said, "and it doesn't have the negative connotation you are trying to put on it." Reported TIME Correspondent Stanley Cloud, who has observed Carter closely for several months: "When he is angry, he can be very, very stubborn-very much...

Author: /time Magazine | Title: THE CAMPAIGN: Candidate Carter: 1 Apologize' | 4/19/1976 | See Source »

...easy, bantering relationship with J.F.K. Once, sitting next to Kennedy at a horse show, the author remarked on how easy it would be for a marksman to assassinate the President. Vidal then added that he would probably be hit instead. "No great loss," Kennedy joked. But Vidal's snappish wit and lofty mien were not the virtues of a loyal flatterer. Robert Kennedy distrusted and disliked him. During a White House party, Bobby flared when Vidal laid a brotherly hand on Jackie. Insults were exchanged, and Gore was banished from the court. He later struck back in print with...

Author: /time Magazine | Title: GORE VIDAL: Laughing Cassandra | 3/1/1976 | See Source »

Building Sentiment. The sudden surge of joblessness has swamped unemployment offices. Out-of-work people have to stand for hours in long lines in dreary surroundings and be subjected to snappish treatment by overworked clerks. Worse, because of the heavy work load in the offices, the checks on which the jobless depend are either not ready when they appear at the office or are late in arriving in the mail. In Georgia, for instance, benefit applications early this month were running at 96,000 a week, v. 19,000 last year, and checks for some people were still arriving...

Author: /time Magazine | Title: UNEMPLOYMENT: Signs of Stress in the Saftey Nets | 2/24/1975 | See Source »

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