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...prices that farmers must pay for machinery, energy and fertilizer. Farm production costs have jumped in ten years from $37 billion to almost $82 billion. A tractor that cost $9,000 in 1966 sells for $32,000 today; the diesel fuel to run it has climbed from 16.20 per gal. to 44.90. According to the Agriculture Department, though farmers' gross income is expected to surpass last year's record high of $103.5 billion, their net income will drop to an estimated $20.1 billion, from $22 billion a year ago and $33 billion in 1973, a peak year...

Author: /time Magazine | Title: The Nation: Plowshares into Swords | 10/24/1977 | See Source »

...urged business to limit wage hikes to 6.5% a year, v. the 17% annual rate that was handsomely contributing to France's double-digit inflation. To reduce the country's costly oil imports, Barre has jacked up the price of "super" gasoline nearly 21%, to $1.85 per gal. He also imposed a three-month price freeze and lowered value-added (sales) taxes on a wide range of consumer goods...

Author: /time Magazine | Title: Business: The Professor's Gamble | 10/24/1977 | See Source »

...some of his immense costs by bottling a portion of the iceberg water in small flasks and then selling them as souvenirs for tourists. Says he: "The American public would really go for this." Especially residents of Los Angeles, who could derive about 75 billion liters (20 billion gal.) of water, or 10% of their annual consumption, from a 100 million-ton iceberg...

Author: /time Magazine | Title: Science: Towing Icebergs | 10/17/1977 | See Source »

...John Monks Jr. wrote a parody of their cadet days at Virginia Military Institute that became the 1936-37 Broadway hit Brother Rat. Finklehoffe went on to produce other successful plays and revues (The Heiress, Showtime, Big Time). He also co-authored several screenplays, including For Me and My Gal and Meet Me in St. Louis, for which he received a 1944 Academy Award nomination...

Author: /time Magazine | Title: Milestones, Oct. 17, 1977 | 10/17/1977 | See Source »

...confoozin', as Daisy Mae might fret. The frost is on the turnip down in Dogpatch, but no date has yet been set yet for this year's Sadie Hawkins Day, that highly moveable feast on which Marryin' Sam will obligingly hitch a fleet-hoofed gal to any hapless bachelor she can catch. Finally, at Daisy Mae's insistence, Cartoonist Al Capp hisself makes a rare appearance in the strip to schedule the prenuptial foot race for Nov. 26. Snorts a disgusted Li'l Abner: "Ha!-Any day is okay when an-ugh! -Dogpatch maiden...

Author: /time Magazine | Title: The Press: Dogpatch Is Ready for Freddie | 10/17/1977 | See Source »

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