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...fact, the Aeroflot shipment contained only nonembargoed items: common air navigation equipment, radiation measurement devices and spare parts for a fertilizer factory. But the incident pointed up the confusion surrounding the policy on American exports to the Soviet Union, which were virtually halted after the invasion of Afghanistan 17 months ago. Although the embargo of the shipment of grain and phosphates was lifted in April, the ban on the export of high-technology goods remains theoretically in force. The American action has cut off the sale of about $150 million in exports, primarily of computers, to the Soviets...

Author: /time Magazine | Title: High-Tech Ban | 6/1/1981 | See Source »

...executive officer, Lieut. Commander Andy Anderson, 33, know where Dauntless is headed. On this patrol, Murtagh's destination is the 135-mile-wide Yucatan Channel off Mexico's southeast coast. That is where, the captain has been told, he has the best opportunity to intercept a large shipment of U.S.-bound marijuana. Once past the channel, a smuggler has an excellent chance of reaching Florida or Louisiana, whose labyrinthine coastal waterways provide concealment for off-loading the precious cargo into smaller, speedier boats known as bullets...

Author: /time Magazine | Title: Searching for Colombian Gold | 5/11/1981 | See Source »

Like factory and office workers, farmers suffered through a year of upheaval. Following the Soviet invasion of Afghanistan, President Carter suspended shipment of $2.6 billion worth of corn, wheat and soybeans to the Soviet Union. Farm prices immediately collapsed, with the price of corn falling by 10% within three days of trading, the price of soybeans by 8% and that of wheat by 9%. Many farmers suffered a second disaster when a searing summer heat wave and drought scorched crops and pasture lands from Texas to North Dakota. The temperature in Dallas was over 100° for 53 days...

Author: /time Magazine | Title: Business: Outlook '81: Recession | 12/29/1980 | See Source »

Buxted's Churkey is a gobbler killed just 52 days after hatching, when it reaches a weight of about 5 lbs. Then it is injected with and marinated in a special secret broth distilled from the flesh of older chickens of egg-laying age, and quick-frozen for shipment to stores. The result is a bird that has the size and flavor of a mature chicken but the tenderness of a much younger one. An added bonus: like all turkeys, Churkey has a higher meat-to-bone ratio than chickens...

Author: /time Magazine | Title: Business: Churkey Day? | 12/1/1980 | See Source »

...products. One of the alleged masterminds was the multimillionaire oil company owner Bruno Musselli, 55, who has reportedly fled to Switzerland. Petroleum taxes in Italy are graduated; the tax on gasoline, for instance, is 30 times higher than that on heating oil. By forging the identifying document of a shipment -or, in some cases, switching the oil-refiners and distributors could pocket the illegal tax benefits. Then, said investigators, they would bribe Guardia officers, politicians, inspectors and truckers to keep quiet...

Author: /time Magazine | Title: ITALY: Fraudissimo | 11/24/1980 | See Source »

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