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...world energy market are three of OPEC'S leading price hawks: Libya, Nigeria and Algeria. These countries have steadfastly forced customers to pay as much as $40 per bbl. Since April, output in Libya has dropped by nearly 60% to 750,000 bbl. daily. The decline has been steep as well in Nigeria and Algeria. Both nations have limited petroleum reserves but large populations and ambitious economic development programs that they hope to pay for with the income from oil exports...

Author: /time Magazine | Title: OPEC's Geneva Debacle | 8/31/1981 | See Source »

...threat to shut down the Bulletin came just two weeks after Time Inc. announced it was closing the 128-year-old Washington Star. The reasons have become all too familiar in the darkening afternoon-newspaper market. Once Philadelphia's leading daily, the Bulletin suffered a steep circulation decline (down from 634,000 to 412,000 since 1970). The paper has held on to only 32% of the area's advertising linage in the face of stiff competition from the morning Inquirer (circ. 429,000), two smaller dailies and 24 suburban papers. Says one Philadelphia ad agency executive...

Author: /time Magazine | Title: Press: Grim Bulletin | 8/17/1981 | See Source »

...automatic-rifle fire echoed in the cloud-draped mountains along the El Salvador-Honduras border, U.S.-supplied "Huey" transport helicopters banked low over steep, forested gorges, then deposited heavily armed troops at key locations on the forbidding terrain. According to eyewitnesses, the elite Atlacatl Brigade, some 800 to 1,000 strong, landed near the village of Valladolid, Honduras, violating Honduran airspace and territory as local soldiers looked on impassively. The invaders' mission: to engage leftist Salvadoran guerrilla forces entrenched in pockets along the demilitarized border zone established after El Salvador's four-day war in 1969 with Honduras...

Author: /time Magazine | Title: El Salvador: Attack from the Right | 8/3/1981 | See Source »

...whine of powerful engines could be heard inside the pavilion, where compulsories were still underway. A half-mile away, at the other end of this misbegotten amusement park, there was a steep hill, almost a cliff. Men and boys on motorcycles were climbing the hill, charging up its sandy face in five, maybe six, seconds. At the top, some men in leather jackets holding beers were timing. This, they informed me, was "hill climbing." It was, they added, good...

Author: By William E. Mckibban, | Title: Self-Improvement | 7/14/1981 | See Source »

...familiar trek: "It was just about the same as it always has been?except that there were more journalists this time." Dressed casually in a sports shirt and a navy-blue cap, brandishing a walking stick, chewing occasionally on a twig, Mitterrand made his way up the steep path with the same air of equanimity, quiet confidence and determination that had marked his 16-year pursuit of the presidency...

Author: /time Magazine | Title: France's New Look | 6/29/1981 | See Source »

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