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...Eastern import, the Times will buck some sturdy Western papers, among them the San Francisco Chronicle-one of the fastest-growing dailies in the U.S.-and the big, powerful, conservative Los Angeles Times (circ. 549,000). But Los Angeles Times Publisher Norman Chandler sees little chance of collision with the invader: "I think it's more apt to be competitive with the Wall Street Journal." Estimated size of the Western Times: 32 pages, or about half the size of the New York paper. Estimated starting circulation: 100,000. Newsstand price...

Author: /time Magazine | Title: The Press: Going National | 11/10/1961 | See Source »

Still another powerful spur, so the Administration believes, would be a radical reduction in tariffs and import quotas around the free world (see THE NATION). Most U.S. businessmen agree-but stress that tariff reduction has to be a two-way street. In a speech to the Foreign Trade convention. Henry Clay Alexander, chairman of the Morgan Guaranty Trust Co., declared: "We must drop our historic stance of giving a little more than we get. Without moving away from trade liberalism, we should be trying to get back some of the edge we have given away over the years...

Author: /time Magazine | Title: State of Business: Optimism for Exports | 11/10/1961 | See Source »

Trouble is that plastic chopsticks, austerity weddings and import restrictions cannot cure South Korea's most deep-rooted troubles: it is overpopulated, under-industrialized, short on natural resources, but has an overabundance of sapping responsibilities, such as the need to keep a standing army of 600,000 for a population of 25 million...

Author: /time Magazine | Title: South Korea: The New Life | 11/3/1961 | See Source »

...shattered, imperial warehouses emptied; the enormous llama herds that provided meat and clothing were scattered and slaughtered. The conquistadors cut the richer lands of the Andean foothills into immense haciendas worked by Indian peasants held virtually as slaves. Today, while Peru exports cotton, sugar, silver and copper, it must import food to maintain even a marginal existence for the bulk of its 10 million people. Half the population is illiterate; undernourished children die of such simple maladies as measles and diarrhea...

Author: /time Magazine | Title: Peru: Time to Reform | 11/3/1961 | See Source »

...decided to apply for membership in the European Common Market, none of the Commonwealth nations was quite so dismayed as tiny New Zealand. The prospect that joining the Common Market might force the British to raise their tariffs on Commonwealth agricultural products spelled major trouble for New Zealanders, who import virtually all their manufactured goods from Britain, pay for them with exports of wool, meat and butter. (About 35% of the butter Britons eat comes from New Zealand.) Last week New Zealanders heard more cheering economic news: Prime Minister Keith Holyoake announced that a major natural-gas field had been...

Author: /time Magazine | Title: Business Abroad: Energy for New Zealand | 11/3/1961 | See Source »

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