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Iraq is required to apply each month to the U.N. for approval of the price it charges for crude. But Iraq usually requests a number at least 50?? per bbl. below the going price. Then Baghdad demands an illegal surcharge of, say, 30¢ per bbl. on top of the U.N.-approved price. The arrangement still gives buyers a 20¢ discount...

Author: /time Magazine | Title: Inside Saddam Inc. | 3/10/2003 | See Source »

...grown, strives to give growers in developing nations a living wage. Coffee is the world's second largest traded commodity, after oil. But many coffee farmers live in abject poverty. Simply to meet production costs, they need to be paid 80¢ per lb., but the market rate is about 50??. That translates into less than 12¢ an hour for the workers who pick and process the beans. Companies that are fair-trade certified buy coffee directly from farmers at set prices that allow them to pay their workers a living wage. And the java matches the taste of other premium...

Author: /time Magazine | Title: Coffee with Cream--And a Conscience | 2/17/2003 | See Source »

McBride has made education the centerpiece of his campaign and vigorously supports a referendum, expected to pass, that would reduce class size. In a tax-phobic state, McBride has proposed a 50??-a-pack cigarette tax and unspecified spending cuts to pay for the school initiative. Bush, on the grounds that he doesn't support the referendum, offers no clue as to how he would pay for it should the measure pass. He had to apologize after he confided to concerned Republican lawmakers, unaware a reporter was present, that he had a "couple of devious plans" to thwart the proposal...

Author: /time Magazine | Title: A Kid Brother Gets in Trouble | 11/4/2002 | See Source »

...hard to take seriously that a nation has deep problems," a former French Foreign Minister once said of the U.S., "if they can be fixed with a 50??-a-gal. gasoline tax." True, at this point it will take more than a 50?? gas tax to cure the deepest problem facing American government: its massive federal indebtedness. But not very much more. The Senate budget plan balances the budget in seven years by reducing the increase in federal spending from 5% a year to 3%. Even the radical attack on Medicare turns out to be a cut in the annual...

Author: /time Magazine | Title: CLINTON VS. CONGRESS: THE RACE IS SET | 6/5/1995 | See Source »

...stations, bristling with huge radar antennas and feeding the most advanced electronic computers, America's top military and civilian space scientists could not predict even roughly where Skylab would fall. Until the final hours, they could narrow the area of eventual impact only to a vast global band between 50?? north latitude and 50?? south latitude?a sweep of about 109 million sq. mi., or nearly 56% of the earth's area. Conceded Hal Sierra, one of the technicians monitoring Skylab's death throes from the Lyndon B. Johnson Space Center near Houston: "We're balancing on a knife edge?...

Author: /time Magazine | Title: Skylab's Fiery Fall | 7/16/1979 | See Source »

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