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Even more urgent for Mubarak is the problem of the Egyptian economy. Most of Egypt's 45 million people live in poverty. The annual per capita income of about $500 cannot keep pace with population growth, currently 3% a year. All Egyptians benefit from government price subsidies on food and other basic commodities. But these subsidies are strangling the economy because they consume 31% of the national budget. Any effort to reform the subsidy program is a risky business, as Sadat learned during the 1977 food riots...

Author: /time Magazine | Title: Yearning for Calm and Stability | 12/20/1982 | See Source »

...impact upon various municipal services also various from very negligible to severe cuts, depending upon a community's per capita wealth and previous level of taxation...

Author: NO WRITER ATTRIBUTED | Title: Prop 21/2 Cut Taxes by $311 Million Since 1981 | 12/14/1982 | See Source »

...wife are too profane for the small screen. Little wonder, then, that well-to-do Saudis snap up VCRs and cassettes, especially of R-and X-rated fare. VCRS and cassettes are banned in Iran, but thousands have been smuggled in by wealthy Iranians. In Egypt, where the per capita income is $500, the privileged few are eagerly buying VCRs for up to $2,500. The demand for cassettes is so extensive that some supermarkets in Cairo have set up video lending libraries, while video shops are becoming as common as bazaars...

Author: /time Magazine | Title: Video: VCRs Go on Fast Forward | 12/13/1982 | See Source »

...economy now churns out one-fifth of the world's industrial production, including more steel and oil than any other country. But its per capita output of goods and services ranks below Italy's and is only half that of the U.S. The Soviet Union's reliance on exports of raw materials and imports of machinery, technology and finished products makes it appear more like a Third World nation than an industrial giant. Weaponry, including tanks, fighter planes and assault rifles, is almost the only manufactured product that is of high enough quality to be sold...

Author: /time Magazine | Title: The Soviets: Sinking Deeper into a Quagmire | 11/22/1982 | See Source »

...last week, the generals surrendered power peacefully. Their decision was inspired by the fact that they were losing the ability to govern, even with out-and-out force. So the military limply gave up. Bolivia, with an annual per-capita income of only $550, the second lowest in the hemisphere after Haiti, s an economic mess. The output of wheat and cotton is running below the levels of he 1970s. Further, production of such minerals as tin, lead, gold, silver and zinc las been devastated by miners' strikes, and only one of the state-owned mining group...

Author: /time Magazine | Title: Bolivia: Civilians Return | 10/25/1982 | See Source »

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