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...program the U.S. might contemplate is providing the Kremlin with credit ! to buy Western consumer goods for resale in the Soviet Union for rubles. While some economists dismiss this as a palliative, it could bring several benefits. The goods -- clothing, household electronics, large items like autos -- could be sold at whatever the market would bear. This would absorb much of the $670 billion of savings "overhang" locked up in banks or stashed away at home because Soviet shoppers can find nothing worth buying. Sopping up that excess cash would make subsequent restructuring, from price reform to the convertibility...

Author: /time Magazine | Title: Aid That Would Work | 7/16/1990 | See Source »

...other menu includes a dish or two from faraway places. Better off than ever before, West Germans are spending fortunes to keep up with the Schmidts; money appears to be no object ( in the pursuit of distinctive art or eye-catching design in clothes, cars, houses, even the simplest household objects. A society long praised -- and sometimes derided -- for an overgrown work ethic has turned its restless energies to the cultivation of leisure. Enveloped in superlatives, West Germany has emerged as one of the world's most affluent societies: the nation with the largest trade surplus; the greatest per capita...

Author: /time Magazine | Title: Germany: The Oh So Good Life | 7/9/1990 | See Source »

...goods and services has quintupled and consumption quadrupled. The living standard since the '50s has improved at an annual rate of 4%. Net monthly income has expanded tenfold in that period, hourly wages almost eightfold. In the early '60s, the average family spent half its income on food and household goods; today the figure is slightly over 20%. Nearly as much -- 15% -- is devoted to leisure activities and holidays...

Author: /time Magazine | Title: Germany: The Oh So Good Life | 7/9/1990 | See Source »

...company's products are household names: Armour packaged meats, Banquet frozen foods and Country Pride chickens. But not many consumers have heard of ConAgra, the Omaha-based company behind those labels. Unlike such food combines as General Mills and Pillsbury, which invest millions to promote their identity, ConAgra has preferred to remain the quiet, self-effacing giant of the industry...

Author: /time Magazine | Title: A Food Giant's Big Appetite | 6/25/1990 | See Source »

...meet Romano is to discover a puzzle of contradictions in one persona. Raised in a Sephardic Jewish household, he also grew up comfortable in, and very much a product of, the South. An up-Close observer of de facto segregation's ugliness during his early schooling in Atlanta, Romano leaves Harvard this fall committed to a teaching program in rural South Africa...

Author: By Spencer S. Hsu, | Title: Seeking Social Equity, He Keeps Integrity First | 6/7/1990 | See Source »

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