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...Arab nations prosper on oil, Egypt is too poor-and too overpopulated-to help itself. Foreign investment has been frightened off by uncertainty or, as in the case of a proposed $150 million Ford Motors plant, wiped out by the Arab boycott. Agriculture is so feeble that Egypt must import two-thirds of its food at a cost of $1.5 billion a year. Government foreign currency reserves are dwindling as world food prices rise, while the standing army of 850,000 men consumes a third of the nation's $10 billion budget...

Author: /time Magazine | Title: EGYPT: The Sound and the Fury of the Poor | 1/31/1977 | See Source »

Pepsi's main Russian import is Stolichnaya vodka, distributed by the company's Monsieur Henri subsidiary. It is aimed at the caviar set, costing $7.99 a fifth-$2 more than U.S.-made Smirnoff, the bestselling brand. A newer import in which Pepsi finds promise is a champagne called Nazdorovya, said to be the product of vineyards planted in 1870 on Czar Alexander II's estate...

Author: /time Magazine | Title: TRADE: Profiting from Pepskis | 1/31/1977 | See Source »

...Aquino had asked the G.I.s how they would get home "now that your ships are sunk," she was convicted of treason in 1949 after her return to the U.S. She served more than six years in prison, then moved to Chicago where she has been managing an Oriental import shop. Three times she has asked for a presidential pardon-"a measure of vindication." On his last full day as President, Gerald Ford agreed and granted D'Aquino, now 60, a "full and unconditional" pardon on the grounds that it was "the right thing to do and the proper time...

Author: /time Magazine | Title: People, Jan. 31, 1977 | 1/31/1977 | See Source »

Still, the shortage is more potential than actual: by dipping into stockpiles, producers have maintained high exports, and the U.S. has found almost as much coffee to import as ever. To shore up their shaky economies, however, Brazil and other coffee-producing nations have increased export taxes on beans and reaped windfalls. Brazil's tax per pound has jumped from 22? to 75? Colombia, the second largest producer, now demands $1.47 per pound in taxes. Brooklyn Democratic Congressman Frederick W. Richmond, a member of the House Agriculture Committee, charges that "this is a crisis dreamed up by coffee-exporting...

Author: /time Magazine | Title: PRICES: Trying to Apply a Coffee Brake | 1/17/1977 | See Source »

...test animals. One report from Egypt linked the pesticide to the deaths of some 1,200 water buffalo, and a study from an EPA laboratory showed that it could cause leg weakness and paralysis in fowl. Yet it was not until 1975 that the agency acted to ban the import into the U.S. of foods containing any traces of leptophos...

Author: /time Magazine | Title: Environment: EPA's Pestilential Oversight | 1/17/1977 | See Source »

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