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Word: foreign (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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With OPEC in disarray and vulnerable, bold action by oil-importing nations to cut their dependence on foreign petroleum cannot be easily countered by cartel members. Operating through OPEC, their monopolistic, price-propping has placed an enormous and continuing burden on oil consumers everywhere. Economist Otto Eckstein, president of Data Resources Inc., estimates that OPEC'S policies have been bloating the world's oil bill by $40 billion to $60 billion a year. Says he: "We need that cartel like we need a tourniquet around our necks. Any form of free competition is going to lead...

Author: /time Magazine | Title: Business: OPEC Fails to Make a Fix | 12/31/1979 | See Source »

...Patriotic Front's acceptance of the cease-fire terms came at the eleventh hour. Two days earlier, in fact, the Lancaster House conference had formally ended with no comprehensive settlement. In the face of a stern ultimatum from British Foreign Secretary Lord Carrington, who had conducted the talks, Nkomo and Mugabe had flatly rejected a British scheme by which the guerrillas would assemble at 15 widely dispersed camps, which they felt would be too isolated and vulnerable. Their agreement was extracted by a British concession in a numbers game. It gave the Front forces a 16th camp...

Author: /time Magazine | Title: ZIMBABWE RHODESIA: We Are Going Home | 12/31/1979 | See Source »

This is an important day for Rhodesia," declared a jubilant Sir Ian Gilmour, Britain's Deputy Foreign Secretary. "It means the end of the war." So it seemed. Moments earlier, Joshua Nkomo and Robert Mugabe, co-leaders of the Patriotic Front guerrilla alliance, had entered a gilded room in London's Foreign Office to add their signatures to a twelve-page protocol that had already been initialed by representatives of Britain and the now defunct Salisbury government of Prime Minister Abel Muzorewa. The document: a three-sided agreement for a complete cease-fire in Zimbabwe Rhodesia...

Author: /time Magazine | Title: ZIMBABWE RHODESIA: We Are Going Home | 12/31/1979 | See Source »

Before winding up her whirlwind tour at a black-tie dinner given by Banker David Rockefeller, Thatcher gave an address before 2,000 luncheon guests at the Foreign Policy Association in Manhattan. Speaking with a sense of theater that many a politician might envy, she warned of Soviet expansionism, reaffirmed the values of old-fashioned liberal democracy and insisted that "resolve" was perhaps the most important quality needed in a leader as the world heads into the 1980s, which she dubbed the "dangerous decade." Said she: "Let us go down in history as the generation which not only understood what...

Author: /time Magazine | Title: BRITAIN: The Lady Is a Champ | 12/31/1979 | See Source »

...court for the new game is a squat, U-shaped building that formerly housed the U.S. Military Assistance Advisory Group and is now called the American Institute in Taiwan. The A.I.T., manned by temporarily "retired" Foreign Service officers, hands out as many visas to the U.S. for Republic of China passport holders as did the old U.S. embassy. More important, it serves to nurture Taiwan's ever growing commercial ties with...

Author: /time Magazine | Title: TAIWAN: Playing a New Game | 12/31/1979 | See Source »

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