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Houstonians may be more interested in another newly bottled product: oil. Packaged in classic Bordeaux and Burgundy bottles, the black gold selections include Abu Dhabi Premium '59 ("rich and full-bodied, extraordinarily spirited"), Ghawar Valley Saudi Arabian Light '73 ("lively, complex, rich yet lean") and, for connoisseurs of domestic oilages, Texas Heavy Crude '78 ("ready for immediate enjoyment...

Author: /time Magazine | Title: Living: Odds & Trends: Jan. 19, 1981 | 1/19/1981 | See Source »

...mystery how Moscow coped with the grain embargo. Once the Soviets were cut off from all but 8 million of the 27.5 million metric tons of grain they wanted from the U.S., they simply began offering premium prices to other grain-exporting countries. Argentina, which refused to honor the embargo from the beginning, increased its export earnings last year by an estimated 30% through sales to the Soviets. In November, Canada and Spain announced that they were stepping up exports to the Soviet Union. The Canadians originally supported the boycott but then withdrew from it because they claimed that American...

Author: /time Magazine | Title: The Embargo's Bitter Harvest | 1/12/1981 | See Source »

...Take All with James Cagney and Horse Feathers with the Marx brothers. Once, the Dixon theater, which had a three-keyboard Barton organ, imported a popular radio entertainer, Gene Autry, for a stage appearance. But the town's 1932 movie year climaxed with the showing (at the shocking premium evening rates of 50? to $1.50) of Grand Hotel. The stars: Greta Garbo, John Barrymore, Joan Crawford, Wallace Beery, Lionel Barrymore. Now those were names to conjure with, but others were around. Winston Churchill, bad boy of British politics, had just put out a book titled Amid These Storms about...

Author: /time Magazine | Title: Up and Away in a Down Year | 1/5/1981 | See Source »

...emphasis is on what the poet Dylan Thomas, in A Child's Christmas in Wales, called "the useful presents." Electric blankets, at retail prices of anywhere from $49.50 to $185, are selling well. So too are classically styled wool and cashmere sweaters. Demand remains strong even for premium-price gifts like food processors...

Author: /time Magazine | Title: Business: Retailing's Ho-Hum Holiday | 12/15/1980 | See Source »

...this puts a heightened premium on "symbols." Symbols and substance are both important, but for a President to confuse the two can be ruinous. He has to use symbols and symbolism - but not as ends in themselves and not as a substitute for substance...

Author: /time Magazine | Title: Nation: Two Ex-Presidents Assess the Job | 11/10/1980 | See Source »

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