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...hand by the end of the marketing year in July, the slenderest reserve since the end of World War II. A strong winter wheat crop, which begins trickling onto the market in late May, would ease the pinch. To boost supplies in the meantime. President Nixon last week lifted import quotas that had been in effect since 1941, thus enabling U.S. customers to bolster their orders of Canadian wheat...

Author: /time Magazine | Title: PRICES: New Surge in Groceries | 2/4/1974 | See Source »

...report was coldly scientific, its source unassailably objective, its grave import unmistakably clear: at least as late as last October, an effort to conceal evidence in the Watergate scandal was still in operation in the innermost reaches of Richard Nixon's White House...

Author: /time Magazine | Title: THE CRISIS: A Telltale Tape Deepens Nixon's Dilemma | 1/28/1974 | See Source »

...today account for two-thirds of the nation's energy, will be able to meet only 40% of demand. Nuclear, hydro, solar, geothermal and other nonfossil fuel sources will take care of another 20%. To fill the remaining 40% gap, the nation faces two likely choices. It can import much more oil and gas-and pay heavily in terms both of balance of payments and political dependence on foreign countries. Or it can turn to coal, which now provides 20% of U.S. energy -and pay heavily for developing this rich but problem-ridden resource. Right now, the betting...

Author: /time Magazine | Title: FUEL: Out of the Hole with Coal | 1/28/1974 | See Source »

...until recently was able to import more oil than could have been expected because the Arab embargo was not fully effective. The Arabs apparently never did cut production by as much as the 25% that they claimed; total tanker loadings at six Middle East ports for the last three months of 1973 rose 31% above those of a year earlier. The international oil companies have been rerouting much crude from Iran, Indonesia and Nigeria to the U.S., replacing Arab oil that America, as a friend of Israel, is not supposed...

Author: /time Magazine | Title: POLICY: The Whirlwind Confronts the Skeptics | 1/21/1974 | See Source »

...million from its copper, lead, silver and zinc mines for the first nine months of 1973. Provided that there is a sweetening of those terms, and terms for the other companies, Greene is said to have told the Peruvians that their applications for loans at the U.S. Export-Import Bank would be welcomed. Additionally, there are reports in Lima of U.S. banks' offering Peru a large ten-year credit line at 11% interest; Greene denies any connection with such an offer The betting in Peru is that President Juan Velasco Alvarado will accept some agreement in a month...

Author: /time Magazine | Title: NATIONALIZATION: Carrying a Small Stick | 1/21/1974 | See Source »

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