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...members of the country's National Police guarded the once bustling agricultural center of Berlin (pop. about 30,000), guerrillas launched a cautious nighttime raid. For an hour small-arms fire popped back and forth between the opposing forces. Then the guerrillas slipped away into the surrounding cotton and coffee fields of Usulután, one of El Salvador's richest and most strategic departments...

Author: /time Magazine | Title: Central America: The Rising Tides of War | 2/14/1983 | See Source »

During his 20-minute speech, Reagan outlined that aid. One program, scheduled to begin this spring, is payment in kind (PIK), which will give Government-owned grain and cotton to farmers who agree to idle more than 20% of their acreage. Farmers can then sell the giveaway grain or use it as feed. The Administration hopes that the move will reduce enormous surpluses and save from $3 billion to $5 billion in grain storage and loans over the next two years...

Author: /time Magazine | Title: Easing Burdens | 1/24/1983 | See Source »

...Cotton candy," retorts Robert Roosa, a former U.S. Treasury Under Secretary and now a Wall Street banker. Salomon Brothers' Henry Kaufman agrees with Roosa. He contends that the U.S.'s public debt cannot be compared with that of a developing nation: the U.S. has an infinitely more powerful economy and a more stable political process. Others, echoing that view, note that banks can hardly send gunboats to seize Poland's steel plants, Mexico's oilfields or Indonesia's rice mills if debt repayments are halted. Says Britain's Lever: "I call [Wriston] the Peter...

Author: /time Magazine | Title: The Debt-Bomb Threat | 1/10/1983 | See Source »

...principal Brazilian export, dropped from $495 to $120 per ton; Zambia's copper price plunged from 950 per Ib. to 690. Tanzania's President Julius Nyerere put it plainly: to buy a seven-ton truck in 1981, his country had to produce four times as much cotton, or three times as much coffee, or ten tunes as much tobacco, as it took to purchase the same vehicle five years earlier...

Author: /time Magazine | Title: The Debt-Bomb Threat | 1/10/1983 | See Source »

...Post Office, Washington, D.C. Snatched from the bulldozers, this imposing, romanesque pile of granite on Pennsylvania Avenue has been recycled by Arthur Cotton Moore Associates, architects, to house a festive market for tourists and offices for the National Endowments for the Arts and the Humanities and others...

Author: /time Magazine | Title: Design: Fashionable Is Not Enough | 1/3/1983 | See Source »

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