Word: costs
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Dates: during 1940-1949
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Enclosed is a postal money order in the amount of $12.50 to cover the cost of one year's subscription to TIME...
...True, devaluation would make British exports easier to sell, but it would also make Britain's imports cost more in terms of sterling. Imports are already cut to the bare essentials. We are more certain that devaluation will increase the cost of imports than we are that it would increase the volume of exports. In the face of the U.S. recession, how do we know we can sell more British goods in the U.S. even if devaluation lowers the dollar price tags? If American domestic prices continue to fall, we would merely have to devalue again. The time...
Anaconda, largest of the two U.S. companies that together own 96% of Chile's mines, announced a 30% cutback, laid off 2,615 workers. Higher-cost Chilean-owned mines had already shut down or soon would. That would add several thousand more to the unemployment rolls. Meanwhile, in the U.S., the price drop brought cries from copper-state Congressmen for revival of the prewar tariff on U.S. copper imports. If it were reimposed, Chile would be shut from any big share of the U.S. market...
Life's Blood. Every 1? drop in the copper market cost the Chilean government $5,000,000 in royalties. By last week the price decline had already brought a $32.5 million-loss in this year's foreign exchange budget. The production cut also meant a fall of 1.8 billion pesos in the taxes that Chile collects on mine operations. "If this situation had presented itself in 1952 instead of 1949," sighed President Gabriel Gonzalez Videla, "it would have been of no importance." But at a time when Chile's industrial development program (TIME, May 30) was still...
...outlawed train robber with a price on his head and the hope in his heart of becoming a simple rancher. Like many a sagebrush Robin Hood, McCrea is bad only because he is good. He stakes a couple of settlers (Dorothy Malone and Henry Hull) to the cost of a new well, and, to feather the nest of a sick buddy, agrees to stick up just one more train. As helpers, he has a gang of really bad men, who try to doublecross him, and he has the single-minded love of a dingily blonde half-breed (Virginia Mayo...