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Foreign assistance will help, but only to some extent. The Soviet Union has promised $690 million in goods and hard currency. President Carter has pledged $670 million in credits for U.S. grain and other foodstuffs. Western banks have arranged for new loans totaling $1 billion. These are stopgap measures. Polish economists agree that further belt tightening and a program of profound economic reform will both be necessary. One proposal: decentralization of economic decision making so as to give plant managers more responsibility. This will even include the introduction of a profit motive. Most experts also believe that the pricing system...

Author: /time Magazine | Title: World: Punching Bag on a Thread | 9/29/1980 | See Source »

...Affaires Vladillen Vasev, Muskie disavowed any U.S. Government responsibility for the financial aid sent by American labor groups. But Washington did not scrimp on its official aid to Warsaw; at week's end President Carter announced a $670 million credit for the purchase of U.S. grain and foodstuffs...

Author: /time Magazine | Title: POLAND: A New Party Boss Takes Charge | 9/22/1980 | See Source »

...continue to take ex-Yippie Jerry Rubin with a grain of salt [Aug. 11]. His slogan of the '60s, "Never trust anyone over 30," still holds. Because Mr. Rubin has reached that ripe old age we can almost understand his transformation into a greedy capitalist...

Author: /time Magazine | Title: Letters, Sep. 1, 1980 | 9/1/1980 | See Source »

Though introducing the Chinese to sliced bread might not improve the quality of China's cuisine, it is expected to help U.S. grain sales. Chinese imports of U.S. wheat, which totaled just 300,000 tons three years ago, could top 5 million tons this year. And if nearly 1 billion Chinese take a liking to hamburger buns or Danish, wheat exports could soar. The only problem may be that many people will complain that they are hungry again an hour after eating a jelly doughnut...

Author: /time Magazine | Title: Business: Bread for China | 9/1/1980 | See Source »

...guys, where some politicians shoot first and ask questions later." This was a forecast, no doubt, of the kind of attack that will be launched against Reagan during the campaign. Reagan, said Carter, suggested blockading Cuba after the Soviets invaded Afghanistan, while opposing the President's grain embargo. Scoffed Carter: "He doesn't seem to know what to do with the Russians. He is not sure if he wants to feed them or play with them or fight with them...

Author: /time Magazine | Title: Nation: Drawing the Battle Lines | 8/25/1980 | See Source »

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