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...food. Foreign purchases of American agricultural goods rose enormously, pushing U.S. farm prices, and ultimately retail prices, to skyscraping heights. This overwhelming demand was created by an unusual combination of circumstances: rising consumer affluence and a preference for richer diets in the U.S. and abroad; worldwide shortages of grain and livestock feed; and the dollar devaluation, which offered a bargain to foreigners buying American goods with greenbacks that were suddenly cheap. As a result of all these pressures, during the year ending last August the price of wheat went up 186%, of corn 163% and of broilers...

Author: /time Magazine | Title: OUTLOOK: After the Boom, a Siege of Uncertainty | 1/14/1974 | See Source »

...citizens and of export buyers by using home-produced raw materials. So the U.S. is increasingly at the mercy of inflationary trends in world commodity markets. American inflation has been fanned in recent years by such disparate events as the Arab-Israeli war, a low Soviet grain harvest, copper-industry strikes in Africa and even a change in the ocean currents off Peru (which temporarily wiped out the catch of anchovies, a key source of protein in animal feeds, causing panicky foreign buyers to bid up the price of U.S. soybeans...

Author: /time Magazine | Title: Business: Back to the Dismal Science | 1/14/1974 | See Source »

...link is proving to be a bonanza for U.S. firms; the Chinese import nearly 15 times as much from the U.S. as they export. Among the biggest ticket items to date are some 4,000,000 tons of grain, ten Boeing 707 jetliners valued at $150 million, and eight ammonia plants to be built by M.W. Kellogg Co. for $200 million. The Chinese are also anxious to do business with giant American oil companies such as Exxon, Mobil and Caltex, and makers of petroleum exploration and drilling equipment, including U.S. Steel International, Phillips Petroleum and Baker Oil Tools. Some analysts...

Author: /time Magazine | Title: EAST-WEST TRADE: Great Leap Forward | 12/31/1973 | See Source »

...Upper Volta, Niger and Chad. More than 1,000,000 hungry nomads are roaming the Sahel, surrounding its cities in a futile search for food. Nomads in Chad have been forced to eat leaves and bark to stay alive. In Nigerias parched Northeast, villagers pillage anthills to get at grain kernels that the ants have stored away...

Author: /time Magazine | Title: AFRICA: A Deadly New Year | 12/17/1973 | See Source »

...something to think about," Littlechap declares at the end; after which he, too, retreats into his state of circular existence, gently subsiding into the fetal position and womb whence he came. Perhaps this is all a bit contrived or pretentious, but one must take Newley thought schemes with a grain of salt. And here, in an honest and unassuming production, one can accept the show for what it is. In any case, this rather bizarre setting is compatible with the array of familiar tunes, including such heavy-weights as "Gonna Build A Mountain," "Once In A Lifetime," and "What Kind...

Author: By Matthew Gabel, | Title: Circular Reasoning | 12/10/1973 | See Source »

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