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...Petroleum Exporting Countries (among them: Mexico, Egypt, Malaysia and China) have agreed to meet formally with the struggling cartel. This expanded group of oil exporters, which controls 57% of production outside the Soviet Union and Eastern Europe, could try to boost prices by fashioning an agreement to limit output. While such a pact might fall apart if producers cheat on quotas, as they have so many times in the past, word of the proposed meetings, which are scheduled to begin April 23, sparked a rally in the oil markets. The price of West Texas Intermediate crude rose by almost...

Author: /time Magazine | Title: Punch in The Eye | 4/25/1988 | See Source »

...pork to rise, as it did earlier with other foodstuffs. Popular demand not only spurred local pig production but, with Guangdong merchants paying more than twice the state-controlled price of 2.80 yuan per kg (35 cents per lb.) for pork in Hunan, also began to siphon off the output of pig farms in the neighboring province. As a result, the supply of pork decreased dramatically in Hunan's state-subsidized markets...

Author: /time Magazine | Title: China One for the Money, One Goes Slow | 4/11/1988 | See Source »

...They are tightly packed workhorses that require a whole array of supporting equipment. Some employ full-size mainframe computers just to shuttle programs in and out of their processing units. The machines may be connected, by cable or satellite, to hundreds of remote terminals that can transform raw numerical output into stunning 3-D graphics. They often need industrial-size refrigeration units to keep the rush of electronic signals within them from melting down their circuitry. The thermal output of the University of Minnesota's supercomputers is used to heat a garage...

Author: /time Magazine | Title: Technology: Fast and Smart | 3/28/1988 | See Source »

...midsummer, government officials predict, the water level in the reservoir above Aswan, known as Lake Nasser, will drop to 492 ft., from 574 ft. a decade ago, slashing power output by 55% and causing isolated power shortages. If the level dips much below that, Aswan's powerful turbines, which provide 25% of Egypt's electricity, must be shut down, crippling industrial development and hampering efforts to reclaim desert land for cultivation...

Author: /time Magazine | Title: Environment: Drought Stalks the Mighty Nile | 3/28/1988 | See Source »

...individual [brain] cells during sleep. What we did was use microelectrodes in the brain to see what was going on. We put them under the bone and aimed them at the cells where we thought REM was occuring and put an object on the bone to measuere the output...

Author: By Katherine E. Bliss, | Title: Sweet Dreams...? | 3/18/1988 | See Source »

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