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...were from Harvard. All she really wanted was to score some cocaine. (At the time, I wouldn't have known cocaine from table salt. But I was bold.) So, I fed her a few beers, and then "took her for a walk." For this girl, I decided I would climb mountains. As it was, I executed a clumsy power turn in the parking lot of Peck and Peck's, exited amidst much dust and crying of tires, bottomed the car out on a curb, and almost ripped the oil pan off my mother's Ford Torino in the process...

Author: By Freddy Boyd, | Title: More or Less A Memoir | 4/12/1973 | See Source »

...family pocketbook, U.S. food prices have been rising steeply. Consumer prices for food rose 2.3% in January and 2.4% in February-the fastest rate of gain since the Korean War. Even the most optimistic prognosticators in Washington conceded that, if nothing were done to stop the fast climb, it would continue at least until July and perhaps longer. For consumers, the problem of high and rising food prices is literally a gut issue, and they have been demanding with ever greater insistence that President Nixon clamp on controls...

Author: /time Magazine | Title: INFLATION: Changing Farm Policy to Cut Food Prices | 4/9/1973 | See Source »

Extracting the wealth of Siberia is a matter not just of money and machinery, of course, but also of people, and the cruelty of life in the Arctic area is enough to deter many. Siberia boosters used to claim that the population would climb from its present 25 million to about 60 million by the year 2000; the current rate of growth is unlikely to produce more than about half that number. All Siberian workers, from a waitress in Yakutsk to a drilling engineer at Nadym, get "northern bonuses" that double and triple Moscow wage rates, but the labor turnover...

Author: /time Magazine | Title: SOVIET UNION: The Vast New El Dorado in the Arctic | 4/9/1973 | See Source »

...markets for money when that seems better than borrowing from banks, will be keyed to the movement of other interest rates. Right now, that would be sharply up. The prime rate for smaller businesses-say those seeking bank loans of less than $500,000-would not be allowed to climb nearly as fast. In order to ensure that the big firms do not get the lion's share of available loan money, the guidelines will probably include a requirement that banks make a substantial percentage of their loans to small businesses (including those too small to qualify...

Author: /time Magazine | Title: INFLATION: The Lasting, Multiple Hassles of Topic A | 4/9/1973 | See Source »

Indonesia has rich oil and mineral deposits, but major problems remain. The average annual per capita income is still less than $100, and more than 40% of the population is illiterate. Unemployment continues to climb, and the net annual population increase of 2.8% is no help. In an attempt to curb it, teams fan out over the paddyfields preaching family planning...

Author: /time Magazine | Title: INDONESIA: Five More Years | 4/2/1973 | See Source »

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