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Since the days of the three-masters, merchant seamen the world over have regarded New York harbor as by far the U.S.'s premier port of call. Now the tide is changing. Chronic labor strife, rampant pilferage and the rising cost of doing business are forcing many shippers to steer around the Port of New York, which is an 833-mile labyrinth of piers stretching from northern New Jersey to western Long Island. Less than 13% of the nation's ocean-borne foreign trade passes through the port, a drop of more than 50% in the past three...

Author: /time Magazine | Title: SHIPPING: Ebb Tide in New York | 7/17/1972 | See Source »

From $50 billion to $70 billion are now sloshing around the world as a result of chronic U.S. balance of payments deficits. Since last August, when President Nixon froze U.S. gold reserves, foreigners have been barred from exchanging any of this paper for bullion. Washington's international red ink is still gushing; so far this year the U.S. deficit in trade alone is $2.7 billion -more than all of last year, when the nation posted its first trade deficit in the 20th century...

Author: /time Magazine | Title: MONEY: Holding Up Somehow | 7/10/1972 | See Source »

Civil wars and chronic conflicts bedevil the world from Burundi to Northern Ireland to the Middle East and Viet Nam. But one civil war that has recently been settled was the 17-year struggle in Sudan between the 4,000,000 blacks of the south and the 11 million northerners, mostly Arabs. Three months ago, the leaders of the two sides-Major General Jaafar Numeiry, President of the Sudan, and Major General Joseph Lagu, commander of the southern guerrillas-met in Addis Ababa, capital of neighboring Ethiopia, and signed a compromise settlement negotiated with the help of U.N. refugee organizations...

Author: /time Magazine | Title: SUDAN: Tom-Toms of Peace | 6/26/1972 | See Source »

...serum hepatitis, a debilitating and sometimes fatal liver disease. Now it appears that the mosquito might also transmit the ailment. Studies by Rutgers University, the New York Blood Center and the New Jersey Medical School concentrated on tropical mosquitoes. After drawing blood from a person known to be a chronic carrier of hepatitis, the laboratory-raised insects retained the virus for three days and presumably could have transmitted the infection if allowed to attack another victim. The researchers know of no hepatitis cases that can be attributed directly to mosquitoes, but the source of the disease is often untraceable...

Author: /time Magazine | Title: Medicine: Capsules, Jun. 26, 1972 | 6/26/1972 | See Source »

Physicians in ancient times attempted to treat chronic headaches with remedies that owed more to folklore than pharmacopoeia. Some believed in trepanning, or opening the skull, to let out the attacking demons. Others prescribed elixirs of cow's brain and goat dung. American Indians used beaver testes, a sounder idea than it seems. The preparation has since been deter mined to contain a salicylate similar to regular aspirin...

Author: /time Magazine | Title: Medicine: Aid for Aching Heads | 6/5/1972 | See Source »

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