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...Overall production rose 10% in 1955. Production of cotton, the nation's No. i export commodity, rose 15%, with a bumper 2,000,000 bales...

Author: /time Magazine | Title: MEXICO: Return of Confidence | 2/6/1956 | See Source »

...reversed the flight of capital that resulted from post-devaluation jitters in 1954. Nobody knows better than Economist Carrillo Flores that there are still bad spots in the Mexican economy. Antiquated labor laws hamper development of the textile industry, for example, and Mexican agriculture is still too dependent on cotton...

Author: /time Magazine | Title: MEXICO: Return of Confidence | 2/6/1956 | See Source »

...Communist China's government and widow of republican China's founder, * paid a visit to Karachi last week, practically the whole government was at the airport to greet her. So was a Soviet-bloc delegation, just arrived from Warsaw to offer industrial goods for Pakistani jute and cotton that Western markets have been slow to take. A Pakistani official called hers "a warmer reception" than Nixon or Dulles got in Pakistan...

Author: /time Magazine | Title: PAKISTAN: More Emphatically, Please | 2/6/1956 | See Source »

Soil-Bank Plan. The heart of the President's program, Benson testified, is the "soil-bank" plan, designed to cut plantings of wheat and cotton by perhaps 20%. The bank would consist of an "acreage reserve" and a "conservation reserve," which would cost the taxpayers $1 billion over the next three years. Farmers choosing to join the acreage reserve would take specific acres temporarily out of production, receiving compensation based on a percentage of the normal yield. Compensation would be paid, Benson testified, in a novel way: the farmers would get certificates redeemable by the Commodity Credit Corp...

Author: /time Magazine | Title: AGRICULTURE: Attacking the Surpluses | 1/23/1956 | See Source »

...France has laid out a network of 111 stops in West Africa, Equatorial Africa and Madagascar. Long-isolated areas such as Mauritania (pop. 793 whites, 545,000 natives), Lake Chad, the Cameroons, are now within 18 hours of Paris and do a fast-growing business in pineapples, cotton and beef, all flown out by Air France...

Author: /time Magazine | Title: AVIATION: Pegasus a la Francaise | 1/23/1956 | See Source »

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