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...African Empire, last year the scene of food riots, was doing so well by now that it expected to send up to 20 million bushels of surplus wheat and barley to the home country. France herself looked forward to a 295 million bushel wheat harvest, which would reduce her import needs from 70 million bushels in 1946 to a mere 20 million in 1947. Greece, Spain and Portugal hoped to raise grain production to approach their prewar levels. South Africa and Australia were expanding their wheat acreages. Argentina, drought-stricken last year, reported favorable crop conditions...

Author: /time Magazine | Title: ECONOMICS: Famine's End? | 8/5/1946 | See Source »

Married. Prince Louis II, 76, ruler of the pocket principality of Monaco, whose most valuable import is tourist money gambled at Monte Carlo; and Ghyslaine Domanget, 46, onetime French actress; in Monte Carlo...

Author: /time Magazine | Title: Milestones, Aug. 5, 1946 | 8/5/1946 | See Source »

...would be poverty. The ignorance of the farmer, the infant mortality rate, the cholera epidemics, the biannual famine, are all results of the unhappy fact that there isn't enough to eat. India, whose population totals almost 400 million, and whose land area is actually a subcontinent, must import rice from Burma and Thailand. Her own production, per acre, is only one-third that of Japan. The average farmer earns about twenty dollars a year, when his land yields anything. When it fails, as it does so often, he gets into the statistics as one of the two million famine...

Author: NO WRITER ATTRIBUTED | Title: Brass Tacks | 8/2/1946 | See Source »

...reasons were just the opposite. Then all nations were gripped by deflation. They had unemployment, falling prices, and few had the cash to buy. Nations found that the best way to handle deflation was to export it. They devalued their currencies (to sell cheaper abroad and make imports dearer), upped their tariffs, set up import quotas. In short, they tried to dump their unemployment and deflation on one another. This policy failed dismally because everybody devalued. Instead of exporting deflation, everybody got poorer...

Author: /time Magazine | Title: FOREIGN EXCHANGE: Steps Towards War? | 7/22/1946 | See Source »

...Imported goods under price control (and Canada gets over three quarters of its imports from the U.S.) will be granted a smaller markup than goods made in Canada. This will not only reduce the profits from sales of imports from the U.S., it will also discourage imports. Government import subsidies, which cost Canada some $100,000,000 last year, will be increased, if necessary...

Author: /time Magazine | Title: Canada: THE DOMINION .: Bar the Door | 7/15/1946 | See Source »

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