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...government has found many ways to spend money. To ensure ample supplies < of grain, Riyadh has paid growers six times the world price for their output. But since the kingdom consumes only about half the nearly 2 million tons that farmers produce annually, Saudi Arabia has a grain glut. Efforts to raise livestock have been troubled. The Saudi Arabian Agriculture and Dairy Co., which opened in 1980, managed to breed 15,000 cows over the following five years. But the $100 million total cost was so great that the firm had to refinance its debts...

Author: /time Magazine | Title: Saudi Arabia Facing a Double-Barreled Gun | 4/21/1986 | See Source »

Another strategic question is how the Soviet Union will respond to the loss of revenue from its oil exports to Europe and Japan. Sales of about 1.3 million bbl. a day last year provided the Kremlin with about 60% of the currency it spent on Western grain and technology. The Soviets could retaliate by trying to increase their influence over troubled oil producers like Libya. Soviet spokesmen now routinely characterize the oil-price decline as a conspiracy by "Western monopolists...

Author: /time Magazine | Title: Cheap Oil! | 4/14/1986 | See Source »

Where does one come up with such a radical idea? Bertrand Russell wondered sadly, "If one man offers you democracy and another offers you a bag of grain, at what stage of starvation will you prefer the grain to the vote?" Astonishing that democracy ever prevails, the unwieldy comic hero of stage and screen. The Philippines offered astonishment. Somewhere in people's minds, among the vacillations and flaccidities, an insistent voice resides, murmuring the old familiar lines: Everyone counts. Everyone is responsible for the honor of his life. Try not to forget what you saw last week. It was ourselves...

Author: /time Magazine | Title: People Power: The Philippines | 3/10/1986 | See Source »

...final home, the plush revolving lounge on the top of the BobCo Building." What kind of place was Bob's Bob House? The narrator recalls the hospitality of his host: "My God, I drank the place dry that night, and then I had a good solid piece of American grain-fed beef and got in my car and ran over a claims adjuster and ended up in Matteawan State Hospital for the Criminally Insane. That's the kind...

Author: /time Magazine | Title: Books: Off the Wall Dating Your Mom by Ian Frazier | 3/3/1986 | See Source »

...available. The huge surplus of hulls for hire has put ship owners and builders into their most severe slump since the Great Depression. The battle for business has severely corroded cargo-hauling rates and the values of ships. It costs only about $7 today to move a ton of grain from New Orleans to Amsterdam, in contrast to $17 in 1981. Says Fernand Suykens, director general of the port of Antwerp: "World shipping is very sick, and nobody knows when it's going to get any better...

Author: /time Magazine | Title: Sailing Off the Deep End & | 3/3/1986 | See Source »

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