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Though a communiqué at the close of the two-day gathering asserted that a "majority" of the organization's members had agreed to a 10% production cut along with a price freeze in the range of $36 to $41 per bbl. until January, the agreement had no practical effect. Neither Saudi Arabia, OPEC's largest single producer, which accounts for more than 40% of the group's daily output, nor Iran and Iraq, two of the other major suppliers, agreed to the production-cutting provision. All the cuts will have to be carried...

Author: /time Magazine | Title: Energy: OPEC Deadlocks in Geneva | 6/8/1981 | See Source »

...Agence France Presse). They were drawn together by their common opposition to the restrictive aspects of the United Nations Educational, Scientific and Cultural Organization's proposals to regulate the world's press through a plan called the New World Information Order. By the time they ended their two-day session, the conferees had issued a toughly worded Declaration of Talloires. While pledging "cooperation in all genuine efforts to expand the free flow of information," they promised "concerted action" to uphold the "basic human right" of press freedom and called on UNESCO "to abandon attempts to regulate news content...

Author: /time Magazine | Title: Press: Confrontation at Talloires | 6/1/1981 | See Source »

...surface, at least, the two-day visit was a success. Suzuki was the ninth Japanese Prime Minister to come to Washington since the end of World War II. The President and the Prime Minister were able to "speak openly, as real buddies," said Suzuki, according to his translator, and establish what he called "an unshakable basis for friendship and mutual trust." A somewhat more concrete result of the meeting was issued when the talks concluded. In a 15-point joint communique, Japan agreed in principle to undertake additional military functions in defending its homeland and the Far East region...

Author: /time Magazine | Title: Pomp with Point | 5/18/1981 | See Source »

Although Harvard doesn't have a tradition of giving national power Penn State a run for their money, the Crimson did well with the small contingent it flew down to State College, Pa. The women shattered two old school records and posted several personal bests during the two-day meet...

Author: By Constance M. Laibe, | Title: Linsley, Relay Team Star at Easterns In Record-Breaking Season Finale | 5/13/1981 | See Source »

...didn't have a good final day," coach Dick Crosby said yesterday, pointing out that only one player, sophomore Steve Baker, played consistently throughout the two-day tournament...

Author: By Constance M. Laibe, | Title: Golfers Falter, Finish Fourth As Dartmouth Takes NCAA's | 5/11/1981 | See Source »

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