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...billion deficit last year to a surplus of $2.1 billion in the third quarter of this year, the Commerce Department reported last week. The devaluations have made U.S. goods less expensive and more competitive in world markets. The commodities boom, which has brought record exports of soybeans, wheat and corn this year, has been another major factor. Meanwhile, prices of foreign goods are rising because the rate of inflation is averaging 8.9% in Western Europe and 14.6% in Japan, compared with "only...

Author: /time Magazine | Title: MONEY: Greenbacks In the Black | 11/26/1973 | See Source »

While all this is annoying, there is apparently another, even more remarkable effect of the 765-kv. lines. Says Ruggles: "I've noticed that corn won't mature under the line. The ears come out, but they won't mature, and you have to chop them up for silage." In her recent book on the subject, Power Over People (Oxford University Press; $7.50), Physicist Louise B. Young gives one possible reason: the discharge of high voltages into the air can produce ozone, a form of oxygen with three (rather than two) atoms in its molecular makeup...

Author: /time Magazine | Title: Environment: Leaking Electricity | 11/19/1973 | See Source »

After Shirley Jackson, Ira Levin et al., Maloff can hardly rock the reader with such corny corn-god doings Yet he handles the shift from Teddy bears to ritual sacrifice with skill, tact and humor. He has also produced a fable for our feminist times...

Author: /time Magazine | Title: Books: Variously Notable | 11/19/1973 | See Source »

...month later, USDA experts discovered the Soviet Union had purchased its full three-year $750 million grain allotment. The USSR had bought one-fourth of the 1972-73 wheat crop and large quantities of corn and soybeans, the nation's chief feed grains. The quantity of their purchase surprised USDA officials who had miscalculated Soviet needs...

Author: By Mark J. Penn, | Title: America Gets the Shaft | 11/16/1973 | See Source »

...cases, down from 50 million in 1970. With this year's vegetable-and fruit-canning season almost over, the National Canners Association reports that although there were supply increases, they fell below amounts considered minimal to meet demand. Peaches, apricots, apple products, tomatoes, peas and some varieties of corn will all be short and more expensive...

Author: /time Magazine | Title: Business: Yes, We Have No Tomatoes | 11/5/1973 | See Source »

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