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...shoot up. As TCAs came off, the national average price of regular gas rose from less than 34? per gal. to more than 37?; in some markets, prices rose 6? per gal. in a matter of days. After the freeze went into effect Aug. 15, of course, the steep rise stopped and, in some markets, prices resumed normal sharp fluctuations...

Author: /time Magazine | Title: PRICES: A Deep Investigation of Oil | 9/10/1973 | See Source »

...hours the Indian-Pacific rushes over a kaleidoscope of landscape. From the steep Blue Mountains of the Great Dividing Range it speeds toward the stark-naked Nullarbor Plain. It flashes by farms with earth so red that the livestock watering holes seem to be filled with blood. It races past nickel, lead and gold mines, flocks of fleecy merinos, smelters, slag heaps, ports and forests. It passes signs exhorting WELFARE NOT WARFARE and OUR HOSPITAL NEEDS YOUR HELP: PLEASE GET SICK. A big painted rock aimed at shooing away pilots seeking to land says PISS OFF. To the north, lights...

Author: /time Magazine | Title: AUSTRALIA: Westward Ho! | 8/6/1973 | See Source »

...that people are well dressed and well fed, the shops bursting with goods of every description. In the past twelve years, the annual G.N.P. has soared from $95 to $300 per capita. Even in the poorer sections of the capital, such as the squalid shacks which cling precariously to steep hillsides, electric lights, radios and fans are common. A middle class of small entrepreneurs and professionals has emerged...

Author: /time Magazine | Title: SOUTH KOREA: The Delight of Peace | 7/30/1973 | See Source »

...foreign businessmen fear to set foot inside the country, and many of those there have decided to flee rather than risk becoming targets for the guerrillas. There is an even more ominous note: the price rollbacks on consumer goods designed to control Argentina's spiraling inflation are so steep that some foreign-owned companies may be forced to follow their executives out of the country...

Author: /time Magazine | Title: SOUTH AMERICA: Trouble, Terror and a Takeover | 7/9/1973 | See Source »

...equaling the alltime high set in 1921. It also raised bank reserve requirements, which will make credit harder to get. These moves will certainly send up short-term interest rates. Banks will probably increase their prime lending rate to businessmen by ¼%, to a very steep 8%. The Fed acted in part because credit demand has been so great that the nation's money supply expanded at a dangerously high annual rate of 9.3% in the second quarter of this year...

Author: /time Magazine | Title: Business: Inflation Watch | 7/9/1973 | See Source »

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