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...Calcutta-ization." Following the Suez Canal's closing, which has cost Egypt an estimated $2 billion in lost revenues since 1967, the country has largely depended on tourism and agricultural exports for income. Egypt has also received subsidies and credits from Arab allies (notably Saudi Arabia and Kuwait) and substantial aid (mostly military) from the Soviet Union. Nonetheless, Egypt's foreign debt is now about $7 billion. This year's balance of payments deficit will probably be the same as last year's: about $2 billion...

Author: /time Magazine | Title: EGYPT: Sadat Opens the Door | 5/20/1974 | See Source »

...fifth of the country's population are now clustered in and around Cairo; many newcomers are refugees from such once-prosperous cities as Port Said and Ismailia whose homes were ruined after the Six-Day War. Cairo is so overcrowded that it is approaching what Egyptian officials call "Calcutta-ization." At least 60% of its residents have no electricity, water and sewage. A badly managed distribution system has caused long queues and high prices for staple foods...

Author: /time Magazine | Title: EGYPT: Sadat Opens the Door | 5/20/1974 | See Source »

Days and Nights in the Forest, shown at the New York Film Festival almost four years ago, but in only its second Boston appearance now, portrays four men from Calcutta on an excursion into the forests of Palamau. Ray judged that he could best deal with the urban mind by removing it from the complexity of the urban milieu. The men burn a newspaper to show their detachment from city life, but their modern morals have penetrated too deeply to be dismissed by such a ritual. The forest, reduced to a dizzying madness in Ray's shots from...

Author: By Richard Shepro, | Title: Bourgeois Bengalis | 5/1/1974 | See Source »

Like an adolescent son of Oh! Calcutta!, Let My People Come is aggressively and amiably smutty, carrying a message now old enough to seem almost quaint: roughly, grope your way to sexual freedom. For all its nudity, it is probably the least erotic musical since Oklahoma! But without reviews that is a fact that voyeurs will discover only after they have paid their money ($9.50 top) at the box office...

Author: /time Magazine | Title: Show Business: The Sexual Non-Show | 4/15/1974 | See Source »

...Died. Satyendranath Bose, 80, Indian physicist who, though he had never met Albert Einstein, collaborated by mail in 1924-25 on the Bose-Einstein Theory, a cornerstone in the development of modern quantum physics; in Calcutta...

Author: /time Magazine | Title: Milestones, Feb. 18, 1974 | 2/18/1974 | See Source »

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