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...voluntary wage and price restraints, the country's inflation rate is still soaring at 300% annually. Burdened with enormous military expenditures and extensive social-welfare programs, the government last year ran a $1.8 billion deficit on a $23 billion budget. The foreign debt, the world's highest per capita, has reached $23 billion, and foreign-currency reserves have dropped to $2 billion...

Author: /time Magazine | Title: Israel Battling an Enemy At Home | 7/15/1985 | See Source »

...nations, Bangladesh can least afford such a tragedy. Three months ago, a World Bank survey described the country as the world's poorest, with an average annual per capita income of only $130. Two-thirds of its people live below the poverty line. In addition, Bangladesh is one of the most densely populated nations on earth: 96 million people -- more than four times the population of California -- are crammed into an area the size of Wisconsin. The cyclone aggravated already serious problems. It shattered much of the economic fabric of Bangladesh's coastal areas, leaving at least 30,000 cattle...

Author: /time Magazine | Title: Disasters Trail of Tears and Anguish | 6/10/1985 | See Source »

Peking's 5.5 million residents will receive a subsidy of 7.5 yuan a month (l5% of per capita income) for a year to help pay the higher prices, but that will only partly cover them. Some kinds of fish will now be 200% more expensive. Pork, the country's most popular meat, will cost 35% more. The prices of staples like rice and flour, however, will remain unaffected...

Author: /time Magazine | Title: Business Notes: China Peking's Prices Take Off | 5/20/1985 | See Source »

...trend is a sobering reversal of America's long-standing love affair with a social sip or two. By 1830, when citizens were feeling their oats on the frontier, absolute alcohol consumption was 7 gal. per capita, nearly three times the present level. After the 14-year hiccup of Prohibition ended in 1933, Americans began to drink less in bars, more often in their living rooms. Cocktails became synonymous with socializing. In fact, sharing a convivial cup to promote friendship and hospitality is a tradition older than the republic. Potent stout and rum flowed at the first Thanksgiving because...

Author: /time Magazine | Title: Living: Water, Water Everywhere | 5/20/1985 | See Source »

...Irish, counter to the stereotype, are the European community's most abstemious tipplers, consuming less than 2 gal. of alcohol per capita annually. In Britain, where the corner pub is a second home and a pint is considered a birthright, 95% of all adults in England, Scotland and Wales are drinkers. Beer consumption is down slightly, however, due to high unemployment and increased taxes on alcohol. In West Germany, beer intake has tripled over three decades, to 9 billion liters annually. "We have a saying," says an official of the National Health Ministry in Bonn, "that...

Author: /time Magazine | Title: Living: Water, Water Everywhere | 5/20/1985 | See Source »

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