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...industrial nations it was becoming clearer that they could not afford to continue hemorrhaging vast amounts of their financial resources to the oil exporters unless they were ready to see a shift of the globe's geopolitical balance. The OPEC nations, with great financial clout, would be able to wield decisive influence in the world's political councils and could become arbiters in tune of crisis. The mood of urgency was intensified at midweek, when Kuwait and Venezuela announced further tax increases of 3.5% on the oil that they export...

Author: /time Magazine | Title: OIL: Trying to Cope with the Looming Crisis | 10/14/1974 | See Source »

...vocalizings of the more inept ideologues of white supremacy--the geneticists of a new type (scientists in name, white supremacists in deed)--a frank appraisal of the situation suggests that their influence at Harvard is stronger than Harvard's public liberal image admits. How they came to wield such power, even in the presidents' office, is a mystery which at this point only President Bok can unravel. Although some clues in that mystery can only be provided by President Bok, I would like briefly to locate a few essential components of that mystery...

Author: By Wesley E. Profit, | Title: The Hell You Say | 10/8/1974 | See Source »

Since its birth in 1900, the Labor Party has always been closely tied to the unions, which wield more than 80% of the voting strength at Labor Party conferences. Up to and throughout the '60s, unions were clearly the horse to the Labor Party's cart. But now the accumulated strain of the inflationary '70s seems to have caused the once cooperative unions to bolt. Wilson's fate in the Oct. 10 elections depends largely on his ability to convince voters that he will be able to rein in the runaways...

Author: /time Magazine | Title: BRITAIN: Is That All Right, Jack? | 10/7/1974 | See Source »

Haile Selassie, for all his failings, acted as a glue binding together Ethiopia's disparate parts. Without him, the country may be increasingly difficult to govern, especially if-as some experts fear-there is a struggle between military men who want to wield total power and those officers (backed by a large number of students and academics) who want a leftist government dominated by civilians. Such a clash would clearly delay the reforms needed to bring Ethiopia belatedly into the 20th century...

Author: /time Magazine | Title: ETHIOPIA: The End of the Lion of Judah | 9/23/1974 | See Source »

...should be installed as soon as he gets settled in. Pipkin, who Dean Rosovsky appointed in June as the first associate dean of the Faculty for Harvard and Radcliffe Colleges, is still very much the newcomer to U Hall, a haven for old administrative pros. He could come to wield enormous power--he is officially in charge of all undergraduate education--but for the moment he's still getting acquainted with the administrative ropes. "I spend most of my time now learning what goes on here," he says...

Author: By Nicholas Lemann, | Title: Dean Pipkin Finds He's Still Hung Up Learning the Ropes | 9/16/1974 | See Source »

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