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Word: venezuelan (lookup in dictionary) (lookup stats)
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...Finance Ministry goes along with this dire prophecy and calculates that every $180 million in tax cuts by 1980 would indirectly put 4,400 people out of work by forcing revaluations that would damage export industries. The end result would resemble what the Financial Times of London calls the "Venezuelan effect," in which Norway's oil industry would become "the only provider to a population left mainly, otherwise, to cut each other's hair...

Author: /time Magazine | Title: Business: Unhappy Nordic Boom | 12/23/1974 | See Source »

...with the mentality of scarcity." To avoid the inflationary consequences of plowing more money into the economy than it can safely absorb, Pérez has promised to channel $3 billion of this year's oil profits as well as 50% of all future oil revenues into the Venezuelan Investment...

Author: /time Magazine | Title: VENEZUELA: Pefro/ecrr Society | 12/16/1974 | See Source »

Pinched Nerve. At first his complaint was the selection of a referee. Foreman wanted Jim Rondeau, an experienced American. Norton and the Venezuelan fight officials demanded a local referee. Like a traveling circus, representatives of the two fighters and boxing officials dashed from hotel to hotel in Caracas, holding meetings that did little to resolve the dispute and press conferences that did much to exacerbate...

Author: /time Magazine | Title: Sport: Five-Minute Massacre | 4/8/1974 | See Source »

Considering the prefight confusion and the Venezuelan government's insistence that the fight be televised on home screens, it was no surprise that the multimillion-dollar sports palace El Poliedro was only half full by fight time. Nor should it have really been a surprise when Foreman walked in without the slightest trace of a limp. (He attributed his recovery to prayer.) Score Round 1 in the psychological fight to Foreman. Norton seemed to sense that he had been outmaneuvered. As Rondeau briefed the fighters at mid-ring, Norton carefully avoided Foreman's menacing glare by staring...

Author: /time Magazine | Title: Sport: Five-Minute Massacre | 4/8/1974 | See Source »

...VENEZUELAN PETROLEUM CORP. (CVP) will grow larger in production, shipping and sales because the country's incoming president, Carlos Andres Pérez, has vowed that the government will take over foreign concessions, including all plants and equipment, before agreements expire in 1983. CVP will soon get a lead role in developing huge reserves along the Orinoco River, though it will need technological help from the majors...

Author: /time Magazine | Title: OIL: The New Barons of Oil | 2/25/1974 | See Source »

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