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...plus 848 million lbs. of nonfat dry milk stored in 50-lb. sacks and 212 million lbs. of butter frozen at 0° F in 68-lb. blocks. Annual storage and handling cost: $43 million. As Reagan noted in signing the farm bill last week, "surpluses will continue to pile up" because the Government must keep on buying dairy products at prices ($1.4375 per lb. for processed cheddar) that are currently higher than commercial buyers will pay. Processed cheese presents the biggest storage problem, because it spoils if held too long-beyond a maximum of two years. Secretary of Agriculture...

Author: /time Magazine | Title: A Mess However It's Sliced | 1/4/1982 | See Source »

...pitching I.R.A.s with all the enthusiasm of oldtime snake-oil salesmen. Many advertisements promise investors that if they start saving now, they can be millionaires in their golden years. An ad run by Chase Manhattan Bank, for example, points out that a couple saving $4,000 annually will pile up $1.3 million after 30 years, if the interest rate stays at a 12% level...

Author: /time Magazine | Title: Everyman's Tax Shelter | 12/21/1981 | See Source »

...rest of rural El Salvador, the repression from the right continues. When the insurgents declared that they, like their Vietcong predecessors, would swim like fish in an ocean of peasants, Salvadoran leaders announced their determination to "dry up the ocean." Bodies still pile up by the roadways each night, and the terror has created tens of thousands of refugees and thousands of would-be refugees who were killed before they could flee. In the capital city of San Salvador, a "superficial calm" prevails, one visitor reports. It is a calm that almost surely will not last past March, when "free...

Author: NO WRITER ATTRIBUTED | Title: Forgotten El Salvador | 12/14/1981 | See Source »

...Reagan administration is one reason. Its efforts to paint the insurgents as pro-Soviet, Cuban-sponsored Marxist-Leninists met with some success in the early months of 1981. The State Department White Paper of February 23, 1981, for example--an authoritative-sounding treatise based on a confusing and contradictory pile of "captured documents," for instance--went unchallenged by the press for almost three months until John Dinges of the tiny Pacific News Service published a masterful demolition of their content and conclusions. Though readers of the Washington Post and the Wall Street Journal had a chance to read in midsummer...

Author: NO WRITER ATTRIBUTED | Title: Forgotten El Salvador | 12/14/1981 | See Source »

...Christopher Finch shows, in text and pictures, how that bizarre band of aliens, the Muppets, and their syndicated TV show are put together. No fan need worry that such behind-the-scenes scrutiny will spoil the fun. Knowing that a favorite character is composed largely of polyurethane foam, synthetic-pile fabrics and a couple of Ping Pong balls only seems part of the fun that these creatures and the inspired Muppeteers generate...

Author: /time Magazine | Title: Books: Treasures of Art and Nature | 12/14/1981 | See Source »

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