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...would eventually lose their jobs. The same study reports that for every $1 fluctuation in national car and truck sales, Detroit residents gain -or lose-300. The head of a company that deals with all the major Detroit-area manufacturers says that even the biggest ones are holding off payment for services. Says he: "I've never had to wait so long for my money-ever...

Author: /time Magazine | Title: AUTOS: Detroit Bucks a Buyer Rebellion | 12/2/1974 | See Source »

Steve Dagdigian, Mike Leckie, Kevin Burke, and freshman Ken Farrish were all cleared by the NCAA's ruling last week which states that certain payment benefits may be accepted by players performing in Canada...

Author: NO WRITER ATTRIBUTED | Title: Modified NCAA Rule Interpretation Grants Eligibility to Four Crimson Hockey Players | 11/19/1974 | See Source »

...gone, and American homes will probably be warm and snug this winter. But high oil prices remain, and they threaten to knock the world off its axis. They greatly fuel the rocketing rate of inflation in most nations. They stunt economic growth almost everywhere. They compound balance of payment woes-Italy totters on the brink of bankruptcy-and thus threaten international trade, the lifeblood of an interdependent world...

Author: /time Magazine | Title: Time Essay: Some Steps to Stop Oil Blackmail | 11/18/1974 | See Source »

Kissinger nevertheless negotiated an agreement that will provide India with between 500,000 and 1 million tons of inexpensively priced wheat on a long-term deferred-payment plan. The bilateral good will was further enhanced when Kissinger publicly labeled the U.S.'s attitude during the cold war of distrust toward uncommitted nations like India as "anachronistic and self-defeating." By accepting India's neutrality between East and West as "an altogether understandable and practical" position, Kissinger laid to rest a grudge that New Delhi has borne toward Washington since former Secretary of State John Foster Dulles used...

Author: /time Magazine | Title: DIPLOMACY: Food, Famine, Fury and Fears | 11/11/1974 | See Source »

...With excess oil income, Iran is also undertaking aid and investment abroad. This year's expenditures include $700 million to the International Monetary Fund to assist nations with balance of payment problems and $350 million to the World Bank. Additionally, Iran this year has committed $7 billion worth of grants, loans and deposits against future purchases from a dozen countries, including Britain and France. For an estimated $100 million, the government recently bought 25.04% ownership of the steel-producing branch of West Germany's 162-year-old Krupp steel empire. In August the Shah endowed a million-dollar...

Author: /time Magazine | Title: IRAN: Oil, Grandeur and a Challenge to the West | 11/4/1974 | See Source »

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