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...companies argue that they need a better shake in order to pay for their huge development expenses. Exploration and drilling costs are running five times what they are in the placid blue of the Persian Gulf. One reason: the treasure is deep. Oilmen must drop their rigging 400 to 600 ft. beneath turbulent waves then drill another 8,000 to 12,000 ft. beneath the sea floor (see diagram). And North Sea weather is worse than bleak. Last month a crew member on a British Petroleum rig was swept into the sea in an icy storm; his death...

Author: /time Magazine | Title: Business: Britain's Stormy Petrol | 3/3/1975 | See Source »

...organization that persists in regarding the KGB as a serious threat. In this respect, Angleton's departure is reminiscent of the fate of a fictional counter-intelligence man, George Smiley, the sad hero of John le Carré's Tinker, Tailor, Soldier, Spy. Fired during a staff shake-up at the British Secret Service, Smiley was later called back to root out a suspected "mole," or traitor, who had burrowed deeply into his old organization. The mole resembles Kim Philby, the famed British double agent. It was Angleton who provided some of the information that enabled the British...

Author: /time Magazine | Title: PERSONALITY: The Making of a Master Spy | 2/24/1975 | See Source »

...Crimson cagers held on to a two basket lead at the half, 33-29, as a coach Mike Jarvis's talented squad could not shake the pesky Bruins. Booker led the squad in the second half, and wound up the game's high scoter as well as one of the leading rebounders...

Author: NO WRITER ATTRIBUTED | Title: Freshman Five Trips Brown; Booker Leads Crimson Squad | 2/22/1975 | See Source »

...college campuses, students pelted him with marshmallows. But Jackson is still unrepentant. Says he: "I always wanted to go in there, fight the war quickly and get out." When he decided that the U.S. could not win the war, he favored a withdrawal. Now, in a switch that may shake his conservative support by seeming to renege on his principles, Jackson no longer will even back the Administration's request for $300 million in additional aid to South Viet Nam, arguing that "it has to end somewhere." Says Jackson: "The Thieu government is repressive. We had these promises that...

Author: /time Magazine | Title: POLITICS: Scoop Jackson: Running Hard Uphill | 2/17/1975 | See Source »

...integrated classrooms. When black youngsters reached junior high school, however, they learned more when the majority of their classmates were black. John Coleman, president of Haverford College and chairman of the Federal Reserve Bank of Philadelphia, which financed the research, believes that the study has "the potential to shake up the entire educational establishment." At the very least, it could provide a new rationale for those who want to hasten the retreat from integration...

Author: /time Magazine | Title: Education: Retreat from Integration | 2/17/1975 | See Source »

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