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...capitalistic profit incentives within a Communist frame- work, has run into a severe inflationary problem. Despite a partial price and wage freeze last December, the cost of living is now rising at an annual rate of about 14%. A 20% devaluation of the dinar early this year failed to quench the thirst for foreign goods or boost Yugoslav exports. As a consequence, Yugoslavia has a trade deficit of $1.2 billion, with a gross national product of only $14 billion. Two large invisible assets, however, help close the actual payments gap. Foreign tourists bring Yugoslavia some $400 million, while...

Author: /time Magazine | Title: The World: Yugoslavia: Tito's Daring Experiment | 8/9/1971 | See Source »

...mile-long meander of New York City drinking water. Often dotted with migratory waterfowl, it serves as a cool, quivery mirror to the red brick apartments and raucous traffic that surround it. The 97-acre artificial lake, built in 1905, holds 800 million gallons of water to quench the thirst of nearly a million New Yorkers. Last year Republican Mayor John Lindsay's reform administration discovered that the reservoir's spalled concrete bottom had never been cleaned, and decided to scour it out. "Because of the magnitude of the job," wrote Water Commissioner James L. Marcus in last...

Author: /time Magazine | Title: New York: Murk from the Reservoir | 12/29/1967 | See Source »

...resistance he has met shows that freedom still flickers in Red China. As hard as Mao and Piao try, they will not be able to quench this smoking flax of freedom, for this idiotic brand of totalitarianism can never ever establish itself. IVAN SASSOON Calcutta, India...

Author: /time Magazine | Title: Letters: Sep. 23, 1966 | 9/23/1966 | See Source »

...therapeutic purposes and its quasi-perversion for "spiritual" purposes is important. As Avatar Meher Baba, an Eastern master of consciousness, said, "The experiences that drugs induce are as far removed from reality as is a mirage from water. No matter how much you pursue the mirage, you will never quench your thirst, and the search for truth through drugs must end in disillusionment...

Author: /time Magazine | Title: Letters: Jul. 1, 1966 | 7/1/1966 | See Source »

...stones. "It's like walking on pop art," he says. He aligned himself briefly with the COBRA group (TIME, Dec. 12), studied engraving in 1952 with Stanley Hayter's famed Paris Atelier 17, and three years later made a film in Tokyo on Japanese calligraphy. Nothing can quench Alechinsky's passion for scrawling, restless lines, and he collects oldfashioned, fat fountain pens to indulge...

Author: /time Magazine | Title: Artists: The Gremlinologist | 6/25/1965 | See Source »

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