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...provides the best definition for his particular kind of talent: he is a first-rate carpenter, a makers of suspense shockers, scare pictures a good hack working an old saw. The wood may be warped and a little green, but he is not going very deeply against the grain. Whether he might rank among the architects of the traditions he so admires is an open question. Whether he can resist the beveling and varnish a big budget often imposes remains to be seen...

Author: By Larry Shapiro, | Title: Nuts and Jolts | 3/23/1979 | See Source »

...initial eight-year plan, unfurled in 1978, set some Olympian goals, including a 30% increase in China's grain production, a doubling of steel output and the completion of 120 major new industrial projects by 1985. Today the general commitment to modernization remains, but there is apparently a shift in strategies and priorities. The Chinese are suddenly worried about two key problems: 1) How to pay for the transfusion of technology that will be required? 2) How to absorb it into an economy in which education levels are low, "modern" machinery is out of date...

Author: /time Magazine | Title: Business: China Faces Reality | 3/12/1979 | See Source »

Because U.S. growth will be sluggish this year, imports are expected to decline. Exports should rise because the cheap dollar makes U.S. cars, jets, grain, and other goods bargains in international markets. Those factors should trim the nation's trade deficit from a horrendous $28.5 billion last year to a merely very bad $22 billion this year. But the dollar probably will remain weak for a variety of reasons: a surfeit of $600 billion in greenbacks is sloshing around the world as a result of inflationary excesses; foreign governments are weary of spending their own currency to support...

Author: /time Magazine | Title: Business: Here Comes the Recession | 3/5/1979 | See Source »

...Cambodia, it has 30,000 in Laos; because 160,000 skilled Laotians have fled the country, Hanoi's troops now have to help run the nation. Meanwhile, Viet Nam's own economy is collapsing. Exports have dropped sharply, and food production is way down; last year the grain crop was a record 4.3 million tons below what was needed to feed Viet Nam's 51 million people. Unemployment is so serious that even the Hanoi daily Nhan Dan publicly laments that "hundreds of thousands of people remain jobless...

Author: /time Magazine | Title: SOUTHEAST ASIA: Brinkmanship on a Hot Border | 2/26/1979 | See Source »

...military force or national economy. So it might be worthwhile to look at the state of business in the city that by many measures is closest, geographically and spiritually, to the middle of America: Wichita. Rising from the pool-table Kansas wheat fields, surrounded by aerospace plants and enormous grain elevators that ride the prairies like battleships, this community of 262,000 has a problem. There are not enough workers to meet its surging demand...

Author: /time Magazine | Title: Executive View by Marshall Loeb: Strength in the Midsection | 2/26/1979 | See Source »

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