King Faisal of Saudi Arabia has been selected as Time magazine’s Man of the Year for 1974. “A principal factor” in making this choice, according to Time, was the monarch’s role in quadrupling the price of oil and who “now holds more power than any other leader to lower them or raise them anew. Both in his own right and as a symbol of the other newly powerful potentates of oil. Saudi Arabia’s King Faisal is the Man of the Year.” Last week, People, a weekly magazine published by Time-Life, named Yasir Arafat as one of the 25 “most intriguing” people of 1974.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.