Word: norwegian
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Dates: during 1970-1979
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...from pressuring OPEC to hold down prices. That is something that the companies once managed with ease, but now no longer have much power to accomplish. Yet if they tried, they would be harming their own interests. The Sisters hold concessions in non-OPEC areas, like the British and Norwegian North Sea and Canada. Every time the cartel jabs up the price, up goes the value of the companies' holdings as well...
...past five years, while Brandt's reputation abroad remained untarnished, the radiance of his image has dimmed in West Germany. It faded even further last week with the announcement that Brandt, 65, and his Norwegian-born second wife, Rut, 58, were "taking legal steps to dissolve their marriage by mutual consent." Straitlaced Germans were saddened by the breakup of Brandt's 30-year marriage, but not terribly surprised. Rut had stood at her husband's side through a host of personal and political crises, including several of his transient flings with other women. In an interview last...
Most of the skiing powers have adopted a 4-1-4 academic system which enables the competitors simply to take skiing in the winter semester. One story goes that Sverre Brott, a Norwegian jumper for Dartmouth, was asked what he was going to study in the spring after last winter's season and replied in a heavy accent: "I sink first I learn a leetle English." The Scandinavians obviously are not at these schools for the intellectual experience, although I understand Sverre is making good progress with his new language...
Volvo badly needed the leverage that the Norwegian deal would have provided. Though it is Sweden's largest company (1978 sales: $4.3 billion), its share of the vitally important U.S. and European auto markets is precariously thin, and profits at home have been squeezed by Sweden's high wages and stagnant productivity. With the price of a top-of-the-line Volvo now $16,000 in most markets Gyllenhammar had been counting on his Norwegian connection for the money needed to develop a radically designed lightweight vehicle that would give the company broader market appeal...
...deal had been thrashed out in a series of secret meetings last spring between Gyllenhammar and Norwegian Premier Odvar Nordli. But when Volvo shareholders found out about it, they protested that the terms were not nearly sweet enough, and a growing number threatened to vote no at this week's annual meeting. Late last week, faced with enough proxy votes to block the sale, Volvo's board of directors abandoned the effort to win approval of Gyllenhammar's plan. Ironically, that was good news for Norway's Nordli. His minority Labor government faced increasing protests...