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...lower than $28. Last Friday a price war erupted. First Britain proposed to its customers a $3-per-bbl. cut, to $30.50, in the price of North Sea oil. Norway, another North Sea producer, followed suit. That prompted OPEC members to go a step further. Nigeria said it would trim the price of its high-quality crude by as much as $5.50, to $30, and Kuwait warned that two OPEC states would undercut North...

Author: /time Magazine | Title: Here Comes the Recovery! | 2/28/1983 | See Source »

...judges' bench, hunched over his papers, sat the softspoken, bespectacled President of Israel's Supreme Court. On his right was a scholarly fellow Justice who, with his impassioned manner and shock of black hair, cut the panel's most arresting figure; on his left, a trim, mustachioed, usually silent retired major general. The three members of the investigative commission-Yitzhak Kahan, 69, Aharon Barak, 46, and Yona Efrat, 56-are known respectively for integrity, independence and intrepidity. They are admired collectively for their dispassionate rectitude. No one had quarreled with their initial selection; few quibbled about their...

Author: /time Magazine | Title: Three Judicious Choices | 2/21/1983 | See Source »

...lean without being mean. Seeking to avoid demoralizing layoffs, many corporate managers are designing special incentives, sometimes called open windows, to recruit volunteers who are eager, or at least willing, to resign or retire. Most such offers are good for a limited time only, because the companies want to trim, not decimate, their staffs. Kodak's program began Jan. 4 and expires...

Author: /time Magazine | Title: Open Windows | 2/21/1983 | See Source »

News from the Middle East about the intentions of OPEC'S feuding members was confused and contradictory. Early in the week, Kuwait's government news agency reported that Saudi Arabia, Kuwait, Qatar and the United Arab Emirates had agreed to trim $4 off their $34-per-bbl. price unless the other members of OPEC accepted new limits on their production. Two days later, the United Arab Emirates' Oil Minister denied that the four Persian Gulf nations were threatening their OPEC allies with price cuts...

Author: /time Magazine | Title: Trickle Down | 2/14/1983 | See Source »

...cutbacks in domestic programs include foodstamps and Aid to Families with Dependent Children. The Head Staff Program for pre-schoolers from low-income families will see a six percent increase as will Medicare, though rising health care costs consume any real increases. A bi-partisan Social Security package will trim the program's growth by increasing payroll taxes and delaying cost of living adjustments to those receiving benefits...

Author: By Mary Humes, | Title: Explaining the Budget | 2/12/1983 | See Source »

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