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Choking the System. The ambience of that ambassadorial dinner contrasted severely with the somber mood that pervades Washington and much of the non-Communist world. The root problem is the enormous cost of imported oil, now more than $11 per bbl.,* a fourfold inflation in only one year. The increase has enabled the oil exporting countries to earn an almost inconceivable amount of foreign currency: about $100 billion this year. Unless prices weaken, next year's total will swell to $108 billion. By the end of this decade, the 13 nations of the Organization of Petroleum Exporting Countries (OPEC) could...

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

...root of the dispute is an ideological conflict that has flared up in the past and been papered over for the sake of unity. The militant Marxist P.F.L.P. opposes not only Israel but also such "reactionary" Arab monarchs as Jordan's King Hussein and Saudi Arabia's King Faisal. Although Faisal has generously subsidized Arafat's Fatah guerrillas, the King has never given a riyal to Habash. Beyond that, the P.F.L.P. still clings to the goal of creating a secular Palestine to replace Israel in which Jews, Christians and Moslems would live together. Fatah and the less...

Author: /time Magazine | Title: PALESTINIANS: Untimely Rift in the Ranks | 10/14/1974 | See Source »

...football. (Packer stock was sold at $25 a share 25 years ago, when the club was nearly bankrupt.) Green Bay (pop. 90,000) is also the smallest city with an N.F.L. franchise. Says one Packer coach: "People here have only four things to do-eat, sleep, make babies and root for the team...

Author: /time Magazine | Title: Sport: Haunted in Green Bay | 10/7/1974 | See Source »

...grease the way. Once again, the mirage rises on the horizon that a speech here and there, a book or two and some visits by Billy Graham will bring Nixon back to life. What is more apt to happen is that the full guilt of Watergate will take root on his doorstep and grow. In all likelihood his alienation from his fellow Americans will get worse. The polls indicate that they perceive him not only as one who violated his presidential trust but, in the end, as a man of such shallow courage and character that he could not confess...

Author: /time Magazine | Title: THE PRESIDENCY by HUGH SIDEY: The Truth Shall Make You Free | 9/23/1974 | See Source »

Seriously disturbed patients in Japanese mental hospitals generally receive similar kinds of treatment to those offered in the U.S. But the 3,000 Japanese who are qualified psychiatrists usually prescribe tranquilizers for patients who display neurotic or obsessive behavior, instead of probing for the root of the trouble...

Author: /time Magazine | Title: Behavior: Rejecting Freud | 9/23/1974 | See Source »

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