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...South Africa, the rise in price has more than made up for the drop in output. One bank estimates that at an average price of only $190 an ounce in 1978, the nation's export earnings would climb $1 billion over last year, to $4.2 billion. The Soviet Union is the No. 2 gold miner, and last year its Wozchod Bank sold 401 tons at an average price of $150 an ounce, earning a tidy $2 billion. This year Wozchod expects to sell another 400 tons, at much higher profit...

Author: /time Magazine | Title: Business: Greenbacks Under the Gun | 8/28/1978 | See Source »

...enigmatic, so much the dark lady of a thou sand bad screenplays, that the entire audience giggles every time she talks without moving her lips? And, finally, how come the Department of Energy didn't shut this picture down? It must have cost Kuwait's entire monthly output to fuel this non sense, with a resultant entertainment value somewhat beneath James Schlesinger's latest speech...

Author: /time Magazine | Title: Cinema: Leaden Fuel | 8/28/1978 | See Source »

...biggest auto manufacturer in Europe and fourth largest in the world, with sales right behind those of Chrysler itself. Chrysler would get out of the European market completely, except for its 15% share in Peugeot, thus shedding 70% of its foreign production and about a fourth of its worldwide output. Additionally, in the past year the company has sold operations in Argentina and Turkey to local investors; it is dickering to have Japan's Mitsubishi take over at least part of Chrysler Australia and has been trying to induce Volkswagen to buy part of Chrysler Brazil. Chrysler may sell...

Author: /time Magazine | Title: Business: Chrysler Retreats from Europe | 8/21/1978 | See Source »

...calls for pumping $7 billion into the West German economy, largely through tax cuts, and should make his country a larger buyer of imports. Britain's James Callaghan, who faces elections in the fall, was the most cautious. He pledged only to continue his present policy of expanding output by a modest 1 % while keeping up the fight against inflation, now down to 7.4% from 27% four years ago. President Valéry Giscard d'Estaing promised to pep up the French economy a bit by more government spending, doubling the nation's deficit to $4.4 billion...

Author: /time Magazine | Title: Business: A Summit off Moderate Success | 7/31/1978 | See Source »

...economies from burning the surplus grain, which is too old to be planted and is good only for fertilizer or landfill, can be large. LMU paid $11 a ton for its initial order of 650 tons of corn, and got an average heat output of 14 million BTUS per ton. Coal, by comparison, costs on the average $24 a ton and gives off no more than 23 million BTUs. The math works out to a 23% saving when corn is used...

Author: /time Magazine | Title: Energy: Coal on the Cob | 7/24/1978 | See Source »

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