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Translated to a personal level, this means that day-to-day life in the Soviet Union is as difficult as ever. Not only are big consumer items like refrigerators and washing machines in short supply -- the average wait to buy the cheapest Soviet car is seven years -- but staples of everyday life are also scarce. Long lines snake into the street for such ordinary items as sausage, rice, coffee and candy...

Author: /time Magazine | Title: The Union: A Long, Mighty Struggle | 4/10/1989 | See Source »

...Broadway season when eight of the eleven new plays have been comedies, three of them sex farces, and the cheapest of four new musicals cost $5 million to stage, it is heartening to see work as simple, spare and serious as Metamorphosis. One just wishes it were better. Despite an effective stage- acting debut by dancer Mikhail Baryshnikov, the most ballyhooed highbrow event in the theater so far this year is all but bereft of emotional force. At the finale, two actresses stand rigid, their cheeks glazed with tears, yet much of the audience reacts only with uneasy titters. Director...

Author: /time Magazine | Title: Theater: A Nightmare Without Force | 3/20/1989 | See Source »

...letter of intent with the International Monetary Fund (IMF) in return for $4.32 billion in new credits through 1991. Among other things, the agreement promised an end to Venezuelan subsidies on an array of products, including imported raw materials and gasoline (at 13 cents per gal., perhaps the cheapest in the world). Exempted from the price hikes were 18 staples, including bread, rice and chicken. Perez also promised to raise fees for government-provided goods and services and to allow the bolivar to float downward on international currency markets, a move that would boost import prices...

Author: /time Magazine | Title: Venezuela Crackdown in Caracas | 3/13/1989 | See Source »

...passenger on food than U.S. airlines do. "Since deregulation," admits Robert Adamak, manager of planning and development for Eastern, "the U.S. airlines are putting on more snacks and perhaps using less expensive products." Among domestic carriers, Alaska Airlines is the most lavish ($7 a passenger), while USAir is the cheapest, at $2.22. Foreign carriers, on the other hand, may spend as much as $15, though the coming of European deregulation in 1992 may dent the quality of even Air France's free-flowing champagne...

Author: /time Magazine | Title: Travel: You Want Me to Eat THIS? | 3/13/1989 | See Source »

...CHEAPEST ROUTE TO BANKRUPTCY Texas tycoons William Herbert and Nelson Bunker Hunt paid $1 each to ride the New York City subway when they came to town to face a civil suit in U.S. District Court. A federal jury found that the former billionaires, along with their brother Lamar, had tried to rig the silver market in 1980 and assessed them damages of $130 million...

Author: /time Magazine | Title: Most of '88 | 1/2/1989 | See Source »

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