Word: rice
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Dates: during 1950-1959
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Diminishing Rice Bowl. The central fact about Mao's China today, however, is that the bogeyman that in varying degrees haunts both the U.S. and Russia is still largely a bogeyman. If Peking's current statistics are questionable, its basic economic assumptions are even more so. That cottage industry can ever play a major role in transforming China into a modern industrial state is doubtful. As Peking has begun to admit, many of the mud-brick blast furnaces are vastly wasteful of coal and are located too far from major industrial centers to be of much value...
Best guess of many Western specialists is that within a decade or so Red China will reach the day when its food supply is inadequate for its population, even by low Chinese diet standards. If the rice bowl grows much emptier, Mao's promises of a glittering future may cease to assuage his subjects...
...chief qualification as a Finance Minister was that he was a faithful party member. A onetime mailman who spent much of his early life in and out of French colonial jails. Le was all right in guerrilla days when he confiscated enough rice from the peasants to feed Ho's troops, in return for which he issued bales full of newly minted dongs, all bearing Ho's portrait. But running an economy of 12 million people came a little harder. Today, salaries and taxes are still computed in bags of rice, and on this basis a worker earns...
...followed form, and brought the New Year's Day Bowl picture into sharp focus. California edged past Stanford 16-15, to draw the unenviable Rose Bowl spot opposite Iowa. Louisiana State wiped out Tulane 62-0, accepted a bid to New Orleans' Sugar Bowl. Texas Christian dumped Rice 21-10, got the host spot in Dallas' Cotton Bowl. Syracuse had trouble beating West Virginia 15-12, was invited anyway to face Oklahoma in Miami's Orange Bowl. TIME...
...Americans also benefit. At the Midtown Gallery, Robert Vickrey's sober portraits of people and places sold so fast (at prices up to $2,500) that the gallery was begging him for more pictures. At the other end of the abstract-realist spectrum, all but three of I. Rice Pereira's cool and calm abstractions ($1,400-$2,300 ), on display at the Nordness Gallery, were sold...