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Price and Belize will have their problems. The substandard economy depends on exports of sugar cane, bananas and citrus fruits, but only 15% of the arable land is cultivated. There is little industry. Per capita income is only $1,038 a year, and Belize stands to lose the $8 million in aid it received last year from Britain. To help get Belize on its feet, London did make a parting grant of $22 million. In addition, Belize's independent status will make it eligible for aid from the United Nations (it became a member last week by a vote...

Author: /time Magazine | Title: Belize: Independence! | 10/5/1981 | See Source »

...from 20% in 1980). The unemployment rate is 12%, strikes have broken out, and consumer goods are gradually disappearing from store shelves. In late July, the government was unable to make payments on the $2.6 billion it owes to more than 130 international banks-a hefty $1,180 per capita debt in a land of 2.2 million. A month later the nation stopped paying even the $30 million monthly interest on those loans. Costa Rica is flat broke...

Author: /time Magazine | Title: Costa Rica: Raiding Grandma's Cabinet | 9/28/1981 | See Source »

...capita use of energy in the U.S. has dropped by more than 12% since 1978, and in West Germany it has decreased 9%. Says André Michel, an oil trader for the Swiss-based Albaco Oil Co.: "It has taken consumers a long time to respond to high prices. But things have finally begun to change. If it had happened sooner, the price of a barrel of crude today would be $15 and not more than...

Author: /time Magazine | Title: OPEC's Geneva Debacle | 8/31/1981 | See Source »

...stunningly fast game of jai alai, they are in fact among Spain's successful businessmen. The dingy but bustling Basque industrial center of Bilbao (pop. about 450,000) is heavily oriented toward steelmaking and shipbuilding. The three Basque provinces are among the richest in Spain on a per capita basis...

Author: /time Magazine | Title: Spain: Terrorists from the Mountains | 8/10/1981 | See Source »

...cream industry ($1.6 billion in 1979) when sales of all kinds of desserts have dropped off by 40% over the past decade and a half. Ice-cream sales in the U.S. hit a peak in 1975 and since then have declined slightly (from 15.69 qt. per capita last year to 14.62 qt.), but sales of the most expensive and best-tasting brands have been increasing by about 17% a year and now command 11% of the market. Americans produced 829,798,000 gal. of ice cream in all grades last year, and we eat more of it than anybody else...

Author: /time Magazine | Title: Ice Cream: They All Scream for It | 8/10/1981 | See Source »

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