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...meeting underscored again the weakened role of Saudi Arabia inside OPEC. While that country still pumps one-third of all OPEC production, it can no longer solely determine world oil policy. Prior to the Iranian revolution, Saudi Arabia virtually dictated crude prices because it had surplus production and could threaten to drive the cost of crude down if the other countries did not follow its lead. Now the Saudis are pumping oil at the rate of 9.5 million bbl. per day, which is 1 million more than before the fall of the Shah of Iran and near to their current...

Author: /time Magazine | Title: ENERGY: OPEC Raises the Ceiling | 6/23/1980 | See Source »

...Peking, Soviets appear somewhat more sanguine about their ability to contain what some still call "the yellow peril" than they did a decade ago. Says Alexander Yakovlev, a leading Sinologist at Moscow's Institute for the Study of the Far East: "China does not have the military strength to threaten world peace on its own, and even the military and economic aid of the U.S. and other Western countries will not make a big difference...

Author: /time Magazine | Title: Inside The U.S.S.R.: A Fortress State in Transition | 6/23/1980 | See Source »

Once again the specter of political assassination seemed to threaten a nation that still vividly remembered the murders of Martin Luther King Jr., of Malcolm X, of John and Robert Kennedy. Black leaders, including Chicago's Jesse Jackson, the N.A.A.C.P.'s Benjamin Hooks, and Joseph Lowery, president of the Southern Christian Leadership Conference, rushed to Jordan's hospital bedside. So did Jordan's wife Shirley, who suffers from multiple sclerosis, and their daughter Vickee, 20, a junior at the University of Pennsylvania. Senator Edward Kennedy, who had been campaigning in nearby Ohio, called the shooting "another...

Author: /time Magazine | Title: Nation: Ambush in the Night | 6/9/1980 | See Source »

...Muskie declared at a press conference that he was "deeply concerned" that the South Korean government was moving away from "liberalizing policies." The problem, as his aides explained later, is that the U.S. has precious few bargaining chips with which to influence developments in South Korea. Obviously Washington cannot threaten to withdraw its 39,000 troops or threaten economic sanctions against Seoul, since such actions would only undermine a pro-Western country that the U.S. once fought dearly to protect...

Author: /time Magazine | Title: SOUTH KOREA: Season of Spleen | 6/2/1980 | See Source »

...Danny Lloyd) has an angelic face and a sweet spirit. The dreadful is ostensibly represented by the hotel they are hired to watch over when it is closed for the winter. Its vastness is emphasized by its emptiness. It does not so much shelter the family group as threaten to swallow them up, especially after snow cuts them off from the world. The place has the requisite haunted history. Years ago, another caretaker murdered his wife and daughters and then killed himself there...

Author: /time Magazine | Title: Cinema: Red Herrings and Refusals | 6/2/1980 | See Source »

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