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From Peking to Prague, Communism's chronic farm problem regularly produces a bumper crop of discontent. The outstanding exception is Poland, which last year enjoyed the best harvest in its history, doubled a projected 4% increase in gross agricultural production. Compared with 1960, the yield per acre of corn jumped from 204 bushels...

Author: /time Magazine | Title: Poland: Free Farming | 2/23/1962 | See Source »

...sign: "Jesús dijo: yo soy el camino y la verdad y la vida" (Jesus said: I am the way and the truth and the light). Within the ring, 12,000 Peruvians chewed on anticuchos (chunks of grilled beef heart) or sipped chicha (a beer made of corn). There was a hymn, a collection; then a Peruvian missionary announced that they would hear from "the man known all the world over as the Human Bible." In this setting, Baptist Preacher Billy Graham brought his "Crusade for Christ" to the Roman Catholic heartland of South America. No city...

Author: /time Magazine | Title: Billy in Catholic Country: He Collides with Clergy | 2/23/1962 | See Source »

...farm economy," said Kennedy in his message to Congress, "will resume unless prompt action is taken." The Administration claims to have halted that drift last year with emergency programs-but its plan went awry. The Government's offer of subsidies to farmers for cutting their normal acreage of corn or sorghum was intended to cut feed grain production heavily at a cost of about $500 million. Secretary Freeman maintains that the cut amounted to 800 million bushels as planned, but the program's cost-$768 million-suggests that efficient farmers were able, with the help of unusually good...

Author: /time Magazine | Title: Agriculture: Rigorous Prescription | 2/9/1962 | See Source »

...block such mergers. Despite their defeats, trustbusters had high hopes of winning a meticulously prepared suit against a Philadelphia bank merger. That merger would create the city's biggest bank, linking the Philadelphia National (now second largest with assets of $1.2 billion) and the third-ranking Girard Trust Corn Exchange (assets: $853 million). Together these two banks, said Justice, would be 50% larger than First Pennsylvania Banking & Trust Co., now in first place, and control 37% of Philadelphia's banking business...

Author: /time Magazine | Title: Public Policy: Up & Down with Antitrust | 1/26/1962 | See Source »

Hostility to the state's trade monopoly extends deep into the countryside. Theoretically, all farm produce should be marketed through the state, but huge amounts of rice, pork and corn are being diverted from official channels. A state inspector noticed a strange fragrance in the air as he entered the village of Me Tri. Following his nose, he discovered that almost every villager was engaged in baking com -a lightly toasted cooky made of unripe, glutinous rice. Me Tri had developed so flourishing an illegal cooky business that the villagers were even buying rice grain from other cooperatives...

Author: /time Magazine | Title: North Viet Nam: How the Cooky Crumbles | 1/19/1962 | See Source »

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