Word: argentinas
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Dates: during 1980-1989
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...supports, says Amstutz, "created a cushion of comfort for others" in world markets. Farmers in Brazil, Argentina, the European Community and elsewhere expanded production, secure in the knowledge that they could undersell U.S. farmers. And the supports kept American farmers from cutting prices to get back the lost sales; growers have no incentive to take a lower price overseas than they could get from the Government...
...games are also popular abroad. Dittler Bros. printed a total of 50 million tickets in 1984 for Argentina, Australia, Canada and Israel. Says Robert Mote, a vice president of Scientific Games: "People everywhere like to know if they are winners--immediately...
...since 1975 and the author of this week's cover story on the state of the church: "Wilton Wynn is one of the finest reporters of this generation, and a key part of TIME's Vatican coverage." Ostling is not alone in that view. During the return flight from Argentina in 1982, as Wynn approached with a question, John Paul grabbed both his hands and, with a broad smile, said, "You are a good journalist." Turning the tables, the Pope asked for Wynn's view of a previous trip to Britain. "I know that he reads TIME regularly...
Despite the furor that it has aroused, liberation theology has never swayed all Latin America. In Venezuela, the Pope's first stop last week, church officials estimate that liberation theology has scarcely had any impact at all. The same is true of Argentina and Mexico...
...that ended as the '80s began. The 1981-82 recession hit farmers along with virtually everyone else. Their exports were then hurt by the strong dollar and stiff competition from growers in such places as Canada, Europe and Argentina. By 1983 U.S. agricultural sales abroad had tumbled, and land values, which serve as collateral for loans, were dropping fast. The price of Midwestern acreage fell 15% last year and is expected to decline an additional 8% this year. Notes George Irwin, chief economist for the Farm Credit Administration: "The security supporting farmers' loans is disappearing at the same time...