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...giveaway still leaves the Government holding some 530 million lbs. of cheese-more than 2 lbs. for every man, woman and child in the country-plus 848 million lbs. of nonfat dry milk stored in 50-lb. sacks and 212 million lbs. of butter frozen at 0° F in 68-lb. blocks. Annual storage and handling cost: $43 million. As Reagan noted in signing the farm bill last week, "surpluses will continue to pile up" because the Government must keep on buying dairy products at prices ($1.4375 per lb. for processed cheddar) that are currently higher than commercial buyers...

Author: /time Magazine | Title: A Mess However It's Sliced | 1/4/1982 | See Source »

...U.S.S.R. produces so many guns at the expense of so much butter is a matter of heated debate. The dean of American Kremlin-watchers, George Kennan, attributes the Soviet accumulation of military firepower to a deep-seated insecurity "flowing from Russia's relative weakness and vulnerability." Richard Pipes, the hard-line anti-Soviet historian from Harvard who now serves as a specialist on Communist affairs for the National Security Council staff, stresses offensive over the defensive drives. "Militarism," he says, "is as central to Soviet Communism as the pursuit of profit is to capitalist societies," and this militarism...

Author: /time Magazine | Title: Communism: The Specter and the Struggle | 1/4/1982 | See Source »

...been?" asked a woman shopper in Warsaw. A clue to that mystery was supplied by a Dutch truck driver, who had taken part in a 150-vehicle convoy to deliver donated food from Western Europe. He was directed to a Polish warehouse that he said contained "more butter than I've seen in my entire life." Poles generally welcomed the government's sudden bounty, which disappeared in a flash in widespread hoarding, but many considered the new supplies a cynical effort to win support...

Author: /time Magazine | Title: The Darkness Descends | 12/28/1981 | See Source »

...remains the leading producer of semiconductor chips, those tiny silicon-based flakes that are the all-important components of computer circuitry. But profits from this bread-and-butter portion of the company's business are being pummeled by an economic slump in the U.S. and Europe. Because demand for computer parts has dropped sharply, the entire microchip industry is suffering from serious overcapacity that has resulted in fierce price-cutting competition...

Author: /time Magazine | Title: A Computer Whiz Short-Circuits | 12/7/1981 | See Source »

...astonishingly enough, brought four pennies, about the worth of a lamb. By the 17th century, however, the devil, unwelcome and omnipresent, had been doing his worst through the feline. In 1699, for instance, at the Swedish town of Mora, 300 children were accused of employing demon cats to steal butter, cheese and bacon. Fifteen of the children were killed, and every Sunday for a year, 36 were whipped before the church doors. By the mid-18th century, the cat was back in favor. Frederick the Great thought so highly of cats he made them official guards of his army...

Author: /time Magazine | Title: Crazy over Cats | 12/7/1981 | See Source »

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