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...Argentina, intent on curing its economic ills, needs to cut beef consumption and restore it to its historic role as a foreign-exchange earner. One day Amalia Ferrer, wife of an insurance-company employee, said to her butcher: "Carlos, two kilos of beefsteak." Carlos cut the thick slices, said: "Seventysix pesos [the equivalent of 19? a pound]." Señora Ferrer protested: "But Don Carlos, only last Friday I paid 60." Sighed the butcher: "That was Friday. Today this is the price; soon it will be more." The housewife settled for stew beef...

Author: /time Magazine | Title: ARGENTINA: Austerity for Dinner | 6/22/1959 | See Source »

...Seventysix, Sir Edward was a diplomatist of the old school. In 1869 he entered the diplomatic service and in the 45 years between 1869 and 1914 he held posts at Madrid, Buenos Aires, Paris, Rio de Janeiro, Constantinople, Peking, Copenhagen, Lisbon, Petrograd, Washington, Belgrade, Vienna, Berlin...

Author: /time Magazine | Title: Foreign News: Diplomat Dead | 6/2/1924 | See Source »

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