Word: westernism
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Dates: during 1970-1979
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...book, which described the easygoing, neurosis-free island way of life and suggested that the Western attitude toward sex could be relaxed without endorsing promiscuity, was an instant success. Many of the young researcher's colleagues condemned her way of reaching conclusions from observed evidence, which Mead called "disciplined subjectivity," and the quasi-novelistic style in which the book was written. But students snapped it up, partly because its ideas interested them, often because, as the author briskly explained, "I wrote it in English...
...movie that never clearly indicated who was winning its pivotal battle. Magic is a thriller that gives away its one and only surprise in the opening scenes. Maybe next year Producer Joe Levine, Director Richard Attenborough and Writer William Goldman will create a musical without songs. Or a western set in Paris. With these guys, the possibilities are endless...
...foreign aid, argues that the surpluses will soon be eaten up by the costs of building an industrial society at home. Meanwhile, he insists, the country must keep its money in short-term investments so that it can bring it home as soon as it is needed. Many Western experts doubt that Saudi Arabia will ever find productive domestic uses for all its oil revenues, but Aboul-Kheil seems genuinely to believe that it will...
...Saudis are also painfully aware that they lack experience investing gigantic sums of money. As recently as 1974, SAMA was headed by a Pakistani. The first Saudi to hold the post, Qoreishi is a graduate of U.S.C., but he had no previous banking experience. Western diplomats who deal with them say the Saudis fear that if they go into long-term investments they will be conned by fast-talking flimflam artists. Richard Erb, an economist who once watched Saudi policy for the U.S. Treasury, adds that the Saudis will not buy gold because they are afraid of being seen...
...Pemex, the government oil monopoly, announced the discovery of a new field that he says may contain up to 100 billion bbl.; that would be more than half as much as Saudi Arabia's proven reserves, as well as the biggest single accumulation of oil in the Western Hemisphere. Although Mexico's proven reserves are still formally pegged at a modest 20 billion bbl., officials have long said that the actual total is far higher...