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...flood of foreign oil-and to soothe the politically potent ire of Texas' independent oilmen-the Interior Department two months ago set up a voluntary import curb on big oil companies. Last week the program's administrator. Navy Captain Matthew V. Carson Jr.. logged a mutinous crew and foul weather ahead. The companies were asked to cut imports 10% below their 1954-to-1956 levels, bring in only 755,700 bbl. of foreign crude a day. But Captain Carson's first statistics showed a daily August total of 982,300 bbl. The companies themselves estimate daily...

Author: /time Magazine | Title: OIL: Mutiny for the Bounty | 9/30/1957 | See Source »

...diplomat who knew him well says that if Mikoyan had emigrated to the U.S. he would now be "heading his own export-import firm with a triplex apartment on Park Avenue." But ex-Ambassador Walter ("Beedle") Smith, less impressed, says, "Take away his ZIS limousine and Mikoyan would look like just another rug peddler in Shepheard's Hotel in Cairo...

Author: /time Magazine | Title: RUSSIA: The Survivor | 9/16/1957 | See Source »

...schools and one out of every two Mexicans is still illiterate. The population of the Federal District, now 4.5 million, will probably hit 7,000,000 by 1966, causing serious food, water and school shortages. And because of drought and population increase, corn-eating Mexico has been forced to import corn from the U.S. for its tortillas, tacos and enchiladas...

Author: /time Magazine | Title: MEXICO: Production Up | 9/16/1957 | See Source »

...world wheat glut. Ranchers, penalized by taxes and government cheap-meat policies, are producing less beef and wool-the country's mainstay exports. So serious are the shortages that 4,000 packinghouse employees have been laid off and the government has even been forced at times to import cattle, both for local consumption and for export as corned beef. Moreover. Uruguay's Swiss-style federal-council government must continue to pay 150, 000 government employees (in a population estimated at 3,000,000). carry on an elaborate pension plan, and absorb the losses of at least seven mismanaged...

Author: /time Magazine | Title: URUGUAY: Not-so-Welfare State | 9/9/1957 | See Source »

...strikers, variously hit by the economy's contradictions, have more than higher wages on their minds. Packinghouse workers demanded that the government import more Argentine cattle to provide work. A group of Montevideo doctors struck for duty-free automobiles. Teachers-college students struck for preference in teaching appointments. There is a growing tendency toward brief general strikes in support of particular union's demands. Communists, tolerated by the government, energetically back every strike, prolonging each as long as possible...

Author: /time Magazine | Title: URUGUAY: Not-so-Welfare State | 9/9/1957 | See Source »

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