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...Third World often cooperate whole-heartedly with multinational corporations' efforts to transform their countries' agricultural production: a booming export trade, even if it forces peasants off land that has fed them for centuries, means more well-paid jobs for the educated elite, and increased foreign exchange with which to import luxury goods. Senegal provided all the initial capital for Bud Antle's operation there, and removed villagers from land the company wanted for its plantations. The Brazilian government is clearing the Amazon rain forest to make way for American-owned companies who hope to grow beef, a luxury among foods...

Author: NO WRITER ATTRIBUTED | Title: The Sky Is Not Falling | 9/14/1977 | See Source »

...will raise the rent that it currently pays to Panama from $2.3 million to $10 million a year and will add another $10 million from canal revenues, business permitting. Panama will also be advanced a $200 million loan from the Export-Import Bank, a $75 million loan for housing investment and $20 million to start a Panamanian development bank. The two nations are also negotiating a military-assistance program...

Author: /time Magazine | Title: The Nation: Ceding the Canal-Slowly | 8/22/1977 | See Source »

Coke does not stand to lose a lot even if it is kicked out of India. Coke production in India has almost stopped anyway because the government has held up renewal of the company's license to import ingredients for the drink. Indian sales accounted for only one-fifth of 1% of the company's $3.1 billion worldwide revenues last year. Just in case Coke does leave, Indian researchers have come up with a substitute that they hope will be commercially exploited, keep bottling plants running and employment up. But the copied Coke may not work. India...

Author: /time Magazine | Title: Business: India May Swallow Coke | 8/22/1977 | See Source »

...born authority on Soviet computers who advises major U.S. companies, sees signs that Moscow has been assembling only a sample of the most advanced Western computers it is permitted to buy as patterns for its own models. Says he: "It appears as if someone behind the scenes orchestrated the import of the latest obtainable Western computers...

Author: /time Magazine | Title: SOVIET UNION: Computer Games | 8/1/1977 | See Source »

...found-provided the price is right. In the 1950s, when oil and gas prices were relatively high, drilling activity was intense. But then Government imposed tight ceilings on the cost of oil and so-called interstate gas, with the now familiar result: the major oil companies began to import cheaper fuel from the Middle East, and domestic exploration declined. What convinced many oilmen that domestic exploration would again be worthwhile was the explosion in world oil prices and the campaign promises by both Gerald Ford and Jimmy Carter to deregulate natural-gas prices...

Author: /time Magazine | Title: Energy: The Lower 48 | 8/1/1977 | See Source »

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