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...list was long. Since the end of the Korean war, U.S. Army special procurement orders for supplies have dropped 70% from the $32 million-a-month average in the first half of 1953. Japan's industry is burdened by crushing bank loans; labor and raw materials are skyhigh. With fewer dollars than before, Japan must still import a minimum of $400 million worth of basic foodstuffs each year, and her exports are falling behind imports by $240 million a year. The result is that Japan's economy seems on the road to collapse. In 14 months, her foreign...

Author: /time Magazine | Title: BUSINESS ABROAD: Crisis in Japan | 3/15/1954 | See Source »

...producers, e.g., MGM, have put their blocked foreign currency to work. Many independent producers, finding it hard to raise money in the U.S., have stretched their dollars further abroad. And such unions as Roy Brewer's Film Council (TIME, April 27) have helped boost film costs skyhigh; labor costs overseas are anywhere from 20% to 50% below the U.S., and foreign sets and props are far cheaper...

Author: /time Magazine | Title: SHOW BUSINESS: Through the Loophole | 7/6/1953 | See Source »

...Atwood told about the most troublesome story he had ever worked on for TIME. It happened near Cordova, Alaska, and involved two boys in a rowboat, who had taken a potshot at an "empty" shed on shore. The shed turned out to be packed with dynamite and was blown skyhigh. Atwood received a long list of questions about the incident. But Cordova was 250 miles and a three-day boat trip away. So he relayed the wire to a friend there, sent the answers back to New York. Discrepancies in the story turned up, and Atwood kept relaying the checking...

Author: /time Magazine | Title: A Letter From The Publisher, Jun. 1, 1953 | 6/1/1953 | See Source »

...down to a grim fight to hang on, if possible, until long-term improvements begin to pay off. Israel's scant monthly food ration -four ounces of meat, two pounds of potatoes, a pound of frozen cod-makes oldtime British austerity seem almost pleasurable. Unrationed goods are priced skyhigh: $20 for cotton overalls, $8 for a pair of sandals, a month-and-a-half's wages for a radio...

Author: /time Magazine | Title: ISRAEL: Back to the Wall | 4/6/1953 | See Source »

...mass of Americans, European sports cars were not a satisfactory answer. Their hard springing rattled the normally pillowed spines of U.S. passengers; they often broke down under the long drives and hard beatings Americans give their cars. They were priced skyhigh, usually from $4,000 to $15,000. In a true sports car, comfort, room and easy riding took a back seat to performance, i.e., roadability, sensitive steering, balance, fast acceleration and speed. Many of the qualities that made an excellent sports car (e.g., a short wheelbase and hard springing to cut down sway) also made the passenger feel...

Author: /time Magazine | Title: AUTOS: Low-Slung Beauty | 2/2/1953 | See Source »

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