Word: subsistance
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Dates: during 1970-1979
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...Unlike Salvador Allende Gossens' ill-fated government in Chile, Peru managed to nationalize U.S. petroleum and copper companies without incurring American sanctions. The country, moreover, has enjoyed economic progress under military rule, with an annual growth rate of 5%, although countless Peruvian poor in the Lima slums still subsist outside the economy. Though some militant political parties are banned, Peruvians are allowed to belong to opposition parties and generally enjoy a wide range of civil liberties...
...such widely dispersed peoples, says Medvedev. He methodically ticks off each suggested cause. It is not mountain air, because many of the oldsters live at sea level. Nor is it temperature, because some live in torrid and others in frigid zones. Diet varies radically. Some of the people studied subsist on what heart specialists would consider healthful fare while others consume great quantities of fats and wine...
Running Out. Hutton, like many other brokerages, is suffering from a shortage of capital. Except for a handful of big houses that have sold their own stock to the public, most brokerages subsist on capital contributed by partners and term loans from outside investors; as the loans mature, the outsiders have lately tended to take their money and run. Hutton's partners put another $380,000 into the business in May and negotiated a revised loan agreement with two banks; but even so, the firm last month had less than $1 of capital for every $10 of debts...
...troubling question was whether India, which plans to spend some $316 million over the next five years on atomic energy development, has confused its priorities. For a nation where 25% of the 580 million inhabitants subsist below the annual $30 per capita poverty line, such an investment seemed dubious at best...
Terrible Mistakes. In Africa, a five-year drought has parched the 2,600 mile-long "savannah belt," just south of the Sahara Desert. As a result, large portions of six African nations-Senegal, Mauritania, Upper Volta, Mali, Chad and Niger-now subsist mainly on international contributions of food (TIME, Sept. 3). Although man cannot be blamed for the lack of rain, a recent study by the U.S. Agency for International Development reports that the Africans' efforts to gain a better living from the potentially productive land have made a bad situation much worse...