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When prices move high enough, the temptation grows for even oil companies to start speculating, sometimes by selling portions of their own oil through profiteering middlemen. Last week the Saudi oil minister, Sheik Ahmed Zaki Yamani, complained of just that tactic, and the sentiment was echoed in Caracas by Venezuelan officials. OPEC might be wise to stay silent because much of the oil that is churning through the spot market is coming not from the companies but directly from the producing states...

Author: /time Magazine | Title: Energy: The Oil Squeeze of '79 | 3/12/1979 | See Source »

...block radical change no matter how far afield a convention's amendments ran. It is true that the 1787 convention tossed its agenda aside and offered an entirely new constitution; the states ratified it then because of the apparent weakness of the old Articles. Today there is no widespread sentiment for drastic constitutional revision, and any attempt to try it would be laughed out of the state legislatures...

Author: By Scott A. Rosenberg, | Title: Invasion of the Budget Snatchers | 3/3/1979 | See Source »

...Plans to publicize student sentiment and form a group to meet regularly to monitor the actions of the Administrations. "The Administration likes to pacify the students. Attempts to phase Afro into a committee are likely to activate students in a way I don't think the University wants." Eugene J. Green '80, an Afro-Am concentrator said yesterday...

Author: By Jennifer L. Marrs, | Title: Students Oppose Afro-Am Demotion | 2/22/1979 | See Source »

They were not alone. Alarmed by what the State Department called the "uncertain security situation," and fearing a tide of anti-American sentiment, Ambassador William Sullivan asked Americans whose presence was not essential to leave. Despite many Iranians' personal reassurances to foreigners of their friendship, there were two ugly incidents: Major Larry Davis was hit by two bullets as he returned home, and was rushed to the U.S. Army hospital; U.S. Consul David McGaffey was punched and beaten by an irate group of Iranians when he tried to intervene in an incident between an American and a taxi driver...

Author: /time Magazine | Title: The Khomeini Era Begins | 2/12/1979 | See Source »

...aggressive tactics of striking workers have led to a growing anti-union sentiment. Particularly offensive to many Britons are the truckers' "flying pickets," who race from one point to another, hampering deliveries by nonunion drivers. A bill enacted by the Labor government of Harold Wilson in 1974 is allowing truckers to hold the entire nation virtually at ransom by preventing shipments to plants and businesses with no direct role in the union negotiations. More than 200,000 workers have been laid off from factories idled by a lack of raw materials and supplies. Almost $2 billion worth of imports...

Author: /time Magazine | Title: BRITAIN: Collapse of a Social Contract' | 2/5/1979 | See Source »

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