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Saudi Arabia's production of mysterious millionaires is almost as impressive as its output of oil-and now one of those little-known Saudis has volunteered to start digging Bert Lance out from under his mountain of debts. Ghaith Pharaon, 37, has offered to buy 60% of the stock in Lance's National Bank of Georgia for $20 a share, or about $4 above market value. Whether other stockholders accept or not, Lance will turn over 60% of his 200,000-odd shares to Pharaon and get a check for about $2.4 million...

Author: /time Magazine | Title: Business: Lance's Mysterious Rescuer | 1/9/1978 | See Source »

...Aswan High Dam, a building project almost as monumental as the Great Pyramids, was once looked upon as a panacea for most of Egypt's ills. True, it has doubled the country's electric power output and improved the productive capacity of 900,000 acres of land, guaranteeing water to farmers in upper Egypt. But the dam has made some old problems worse. The Nile's silt, which enriched the delta through the millennia, is now trapped behind Aswan's concrete; farmers must buy artificial fertilizer to do what nature in the past provided free. Because...

Author: /time Magazine | Title: Man Of The Year: The Gift of the River Nile | 1/2/1978 | See Source »

Banks and forward Cy Booker bandied baskets in the opening minutes, as the two combined to score 16 out of Harvard's first 18 points. Booker netted 11 points on the night for his highest scoring output this season...

Author: By Robert Sidorsky, SPECIAL TO THE CRIMSON | Title: Cagers Blitz Beavers For Season's First Victory | 12/10/1977 | See Source »

...cleanest-burning and most critically scarce fuel. Last week the Louisiana Office of Conservation estimated that gas reserves in the Tuscaloosa Sand may reach 3 trillion cu. ft. That would be equal to 86% of last year's production in Louisiana, which leads the nation in gas output, and 18% of annual consumption in the whole country. To its discoverers that much gas would be worth $5.5 billion at existing wellhead prices on Louisiana's intrastate free market...

Author: /time Magazine | Title: Energy: Giant Gas Gusher in Louisiana | 12/5/1977 | See Source »

...circulation. At 69 he has no public face. When André Malraux made him director of the French Academy in Rome-a post Balthus held for 16 years until his retirement a few months ago-Balthus kept fastidiously to himself even as the secular cardinal of Villa Medici. His output is small. He rarely exhibits; Balthus' last New York show...

Author: /time Magazine | Title: Art: The Nymphets of Balthus | 11/28/1977 | See Source »

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