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...land of beef and wheat run itself. The only place it ran was downhill. Prices, wages, national debt and unemployment soared, and Illia's one really concrete action-cancellation of all foreign oil contracts-proved a disaster. Argentina, which has been almost self-sufficient in oil, must now import $100 million worth annually...
...toughness, which was welcomed by the U.S. Roaring inflation had threatened to rip the fabric of South Vietnamese society: food prices had risen 85% in 18 months, overall prices as much as 130%. Announcing a basic overhaul of the economy, Ky devalued the piastre by nearly half, loosened import restrictions to create more price-cutting competition, raised the salaries of military and government workers from 20% to 30%. They are the people who have been hardest hit by the inflation, and the people who matter most in the severe fighting of the war and instituting pacification reforms...
...eleven basic indus tries, including cement, iron and steel forging, and timber products. Two weeks ago, the rupee was devalued,* to combat inflation, shelter domestic manufactures against foreign competition, and make exports more salable in world markets. The Finance Ministry an nounced that it was working on an import-liberalization plan...
CACTUS FLOWER. French sex farces center around a door. Through it, one lover rushes. Behind it, the other lover hides. When it creaks open, it suggests suspicion. When it slams, it declares the end of the affair. In this latest Paris import, Actors Barry Nelson and Lauren Bacall and Director Abe Burrows make frequent and funny...
Welcome Dollars. Oil is only one part of a boom in minerals that has lured foreign companies into a rush for riches and revamped the economy of a continent. Ten years ago, Australia had to import all of its aluminum; until six years ago, iron-ore exports were forbidden because the government believed there was only enough to supply domestic needs for a generation. All that negative thinking has been swept away by recent discoveries of natural gas, bauxite, copper, manganese, silver, uranium, tin, nickel, zinc and lead. Coal exports have jumped from $26 million in 1962 to $68 million...