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While such disparity seems outrageous, it is the inevitable outcome of an historical chain of events. In the 1800s, New Bedford's whaling industry made it the wealthiest city, per capita, in the nation. As the whaling died out, the city, like most of its neighbors in the Northeast, began to focus on the tremendous textile industry. All over New England, towns like Lowell, Lawrence and Fall River sprang up around the new mills that were pumping out cotton cloth...

Author: By Richard M. Burnes, | Title: The Two States Of Massachusetts | 7/19/1996 | See Source »

Western policymakers are worried that the kingdom's current economic slump is providing new recruits to the ranks of the opposition. Lower oil prices, huge government debts and the staggering $60 billion cost of the war have combined to cut Saudi Arabia's per capita income in half. The soaring population is generating a wave of young, middle-class urbanites who are coming out of strictly religious universities to find there are no jobs for them. Unemployment among young people may be as high as 25%. Set these conditions against the high living and charges of corruption in the House...

Author: /time Magazine | Title: GULF SHOCK WAVES | 7/8/1996 | See Source »

...made no progress. Economy-wide energy efficiency is up nearly 30% since 1975. Average auto-fuel efficiency for new domestic cars has risen from 15 m.p.g. to 28 m.p.g. over the same period. Still, American drivers consume about two to three times as much gasoline per capita as drivers in other advanced countries--and at a high environmental cost, as anyone riding around a smog-bound Los Angeles or Denver can easily...

Author: /time Magazine | Title: RAISE GAS TAXES NOW! | 5/13/1996 | See Source »

...capita income: $23,699 Increase from 1994: 6% Rank...

Author: /time Magazine | Title: Notebook: May 6, 1996 | 5/6/1996 | See Source »

...WHEN MAO ZEDONG'S COMMUnist forces pushed Chiang Kai-shek's regime off mainland China and drove it to Taiwan, few expected the resource-poor province to thrive. Nevertheless, in its new home, the Republic of China has become one of East Asia's "economic miracles," with a per capita GNP today of $12,500. Even that transformation, though, is less startling than Taiwan's political revolution, culminating last Saturday in the presidential election. Voters ignored missile rattling from the mainland and gave current President Lee Teng-hui a strong mandate. He won 54% of the vote, more than twice...

Author: /time Magazine | Title: TAIWAN'S SECOND MIRACLE | 4/1/1996 | See Source »

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