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Lion's Share. Like Wilson, every other leader got a little of what he wanted in Paris. Italy and Ireland, the two poorest members of the Community, were promised the lion's share of a $1.5 billion fund for regional development; most of the money will come from West Germany and The Netherlands. Schmidt, for his part, was pleased that he had been able to convince other leaders of the seriousness of the world economic situation and to achieve at least some unity on anti-inflation and antirecession policies. Basically, the new unity means that Bonn, which...

Author: /time Magazine | Title: COMMON MARKET: Summit: Something for Everybody | 12/23/1974 | See Source »

...more complex level, the classic mercantile relationship--finished goods traded by developed nations for natural resources supplied by developing nations--remains intact, and the worldwide gap between rich and poor widens. By 1970, says MIT economics professor Paul Rosenstein-Roden, the per capita income of the poorest countries was one-fortieth that of the rich countries. And Robert McNamara, president of the World Bank, predicts that by the year 2000 "masses of the poor (who by that time will total two and one quarter billion) will on average receive less than $200 per capita" as measured in 1972 prices...

Author: By Michael Massing, | Title: Lush Cemeteries, Parched Villages | 12/10/1974 | See Source »

Most Americans, though inflation has undeniably shrunk their dollars, celebrated Thanksgiving last week in the midst of a national bounty that remains largely unabated. At the same tune, many people in the world's poorest nations were on the brink of starvation, and an inevitable twinge of conscience accompanied the realization that so little here equals so much there. Boston-based Oxfam-America, an organization devoted to worldwide famine relief, sponsored a recent day-long nationwide fast; the money that would otherwise have been spent on food will provide emergency aid and self-help agricultural programs to needy countries...

Author: /time Magazine | Title: AMERICAN NOTES: Fasting Is Not Enough | 12/9/1974 | See Source »

Holt managed just three completions in 11 second-half attempts, capping Harvard's poorest offensive showing of the year. Harvard finished with 204 total yards, 136 through the air and 68 in 38 ground attempts...

Author: NO WRITER ATTRIBUTED | Title: A Devastating Weekend Study in Brown | 11/18/1974 | See Source »

...delegates attending the World Food Conference have little time to lose. With starvation threatening the planet's poorest inhabitants, nearly unparalleled acts of international cooperation are needed to prevent the Malthusian nightmare from becoming a reality. Scientific and technological means exist to feed all the hungry; but the money and the will may not. Precedents are not encouraging. This year three much ballyhooed international gatherings-the U.N. special session on raw materials, the Conference on the Law of the Seas held in Caracas and the World Population Conference in Bucharest-degenerated into forums for political posturing and adjourned without...

Author: /time Magazine | Title: Special Section: WHAT TO DO: COSTLY CHOICES | 11/11/1974 | See Source »

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