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...President's own financial holdings are in for a reshuffling. His two-thirds share in the Plains peanut warehousing and processing business, which he took over and expanded after his father died in 1953, has been put up for sale. The man behind the move is Atlanta Lawyer Charles Kirbo, the close presidential adviser who manages Carter's assets under a blind trust. (The President will keep his 241-acre peanut farm.) Neither Brother Billy nor Mother Lillian, who own the remaining third of the business, wants to run the warehouse, which has been operated since September...

Author: /time Magazine | Title: The Nation: Sale in Plains | 11/28/1977 | See Source »

...laid down by Jewel. The difference is that unlike the major brands, which usually demand top-grade foodstuffs, the generic products are the cheaper, "standard" quality goods. Thus the green peas are more pebble-sized than petit, the rice is not always whole grain, grapefruit sections are broken and peanut butter contains specks of peanut skins...

Author: /time Magazine | Title: Business: No-Brand Groceries | 11/21/1977 | See Source »

...prices! An 18-oz. jar of no-name peanut butter at Jewel costs 34? less than Skippy; a 14-oz. bottle of no-name ketchup costs 22? less than Heinz, and 25 Ibs. of dog food sells for $2.80 less than Gaines Meal. Says Jewel President Walter Elisha: "Consumer response has been overwhelmingly favorable." That is not hyperbole. One morning, Star stacked 500 cases of no-name tuna in twelve of its suburban stores. The 6½-oz. cans sold for 59? each, v. 89? for Star-Kist. Though the food chain expected the supply to last a week...

Author: /time Magazine | Title: Business: No-Brand Groceries | 11/21/1977 | See Source »

...Confederate curren cies issued between 1861 and 1864. A $50 note issued in Alabama in 1861 can fetch up to $1,000, and a $5 bill from Richmond may bring up to $900. Particularly in demand are $100 notes depicting slaves hoeing cotton. Proving that more than one peanut farmer knows how to exploit his roots, a goober grower from Virginia enticed a collector into shelling out $10,000 for an 1861 Virginia $500 note...

Author: /time Magazine | Title: Americana: Funny Money? Hah! | 11/7/1977 | See Source »

...President's personality. Many have concluded that Carter is a headstrong man who cannot believe he is ever wrong. Says Matz of John Hancock: "I think that it has become clear that he brings to the job his own values as a Georgia-born and -bred peanut farmer and he does not have much use for other people's values. He operates less on consensus than other Presidents have...

Author: /time Magazine | Title: Business: Carter: a Problem of Confidence | 10/31/1977 | See Source »

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