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...change in the Government's complicated price-support program also contributed to the overflowing corn crop. To offset the possible effects of blight this year, the program was realigned to induce farmers to use up to 20% more of their corn-growing land instead of leaving it fallow. The result: corn plantings increased by almost 7,000,000 acres, to 64 million acres...

Author: /time Magazine | Title: Business: The Farmers' Bursting Cornucopia | 9/27/1971 | See Source »

...income this year will probably not rise above the 1970 level and could come in slightly below it. Any dip in prices for livestock, which accounts for about 60% of farm earnings, has a widespread effect. Thus the payments farmers receive for the rich autumn bounty will be partially offset by relatively meager prices for hogs, poultry and eggs in the first half of the year. To nudge farmers into growing more corn as a hedge against blight, the Department of Agriculture discontinued some support payments for unused acreage. All together, the move will snip Government payments to farmers this...

Author: /time Magazine | Title: Business: The Farmers' Bursting Cornucopia | 9/27/1971 | See Source »

...clubs dropped slightly last year from $3,400,000 to $3,200,000. The company's hotel operations dipped into the red and showed a loss of $1,700,000 in 1970; a $2,200,000 deficit at the Playboy Plaza in Miami more than offset profits from the company's other resort hotels. Hefner's newest venture, a plush resort hotel in northern New Jersey 50 miles from downtown New York, is scheduled to be completed in December. Its cost, originally estimated at $21 million, is now figured in the Playboy prospectus at $29.5 million...

Author: /time Magazine | Title: MILLIONAIRES: Playboy Goes Public | 9/27/1971 | See Source »

...vice chairman, ordered the gathering after the COLC staff saw reports of dividend increases in the press. Arnold Weber, executive director of the council, seated the businessmen around a table at the COLC's Washington headquarters and asked them to lower their next dividend in order to offset the latest increases. All except Wettstein agreed to recommend the action at their next board meetings...

Author: /time Magazine | Title: CONTROLS: Miniwar Over Dividends | 9/20/1971 | See Source »

...continuing controversy about the box may have partially offset the good effects Skinner hoped for when he designed it. Says Deborah, who is now an art student in London: "It was spread around that because of the box I had become psychotic, had to be institutionalized, and had even attempted suicide. My father was very concerned about these rumors, as was I. He thinks they may have affected me. After college, I had a typical half-year of depression, the sort of identity crisis that everybody I've ever known has gone through. At this point my father brought...

Author: /time Magazine | Title: Behavior: A Skinnerian Innovation: Baby in a Box | 9/20/1971 | See Source »

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