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...time, Ceausescu has rigidly adhered to Stalinist-era central planning. A program celebrated as "20 Years of Light" has actually plunged the country into economic darkness. To cut in half a foreign debt that passed the $12 billion mark in 1982, Rumania has exported so much of its farm output that its own people are often forced to do without staples such as eggs and beef. To conserve scarce energy supplies, Ceausescu has barred private cars from Bucharest streets, urged citizens to use 40-watt light bulbs and farmers to replace tractors with horses or oxen. Says a Western diplomat...

Author: /time Magazine | Title: Rumania Mother of the Fatherland | 7/14/1986 | See Source »

...America in the first half of the 20th century. He played his role for Mexico, part ambassador and part genius loci, to the hilt. His energy had a titanic quality: he covered many acres of wall in Mexico and the U.S. with his murals and left behind a huge output of easel paintings, drawings and prints. Few 20th century artists have been as popular in their own societies. None is more relevant to the debate over "indigenous," or "national," art language as against "international style." A Marxist who read little Marx, he found a deep well of pictorial eloquence...

Author: /time Magazine | Title: Art: The Tintoretto of the Peons | 6/9/1986 | See Source »

...government has found many ways to spend money. To ensure ample supplies < of grain, Riyadh has paid growers six times the world price for their output. But since the kingdom consumes only about half the nearly 2 million tons that farmers produce annually, Saudi Arabia has a grain glut. Efforts to raise livestock have been troubled. The Saudi Arabian Agriculture and Dairy Co., which opened in 1980, managed to breed 15,000 cows over the following five years. But the $100 million total cost was so great that the firm had to refinance its debts...

Author: /time Magazine | Title: Saudi Arabia Facing a Double-Barreled Gun | 4/21/1986 | See Source »

...current price war began when Saudi Arabia got fed up with its OPEC partners. For years the kingdom, which holds about one-fourth of the world's oil reserves, tried almost single-handed to prop up prices by curbing its production. The country wound up slashing its output from a peak of 10.3 million bbl. a day in 1981 to ! a low of 2 million bbl. a day last June. During that time its annual oil revenue fell from $113 billion to $28 billion. Many of the other twelve countries in OPEC, meanwhile, conducted a thriving business by secretly cheating...

Author: /time Magazine | Title: Cheap Oil! | 4/14/1986 | See Source »

...they could not help creating a huge surplus that angered many of their colleagues in OPEC, notably, the Libyans, Algerians and Iranians. Yamani, defending his country's action, has blamed non-OPEC producer Britain for contributing to the glut and has called on London to cut output. Britain stoutly refuses...

Author: /time Magazine | Title: Cheap Oil! | 4/14/1986 | See Source »

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