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Before it became an expensive delicacy, lobster was dismissed as poor people's food. This summer the crustacean is once again food for the poor. A surplus of the seafood has lowered the price that Maine lobstermen earn for their catch to as little as $1.50 per lb., at least $1 less than usual. Angry about the going rate, fishermen have given away more than a ton of lobsters to local charities. Prices are falling because demand has failed to keep up with an overabundant catch. The slumping economy has hurt tourism in New England, and families have been avoiding...

Author: /time Magazine | Title: SEAFOOD: Boiling Mad About Lobsters | 9/3/1990 | See Source »

...than it produces, and yet there are few places to turn for additional cropland. Only by drawing on international stockpiles of grain have poorer countries averted widespread starvation. But those supplies are being depleted. From 1987 to 1989, the world's stock of grain fell from a 101-day surplus to a 54-day one. A drought in the U.S. breadbasket could rapidly lead to a global food calamity...

Author: /time Magazine | Title: Environment: The Last Drops | 8/20/1990 | See Source »

...Western Europe, though big oil importers, are not especially worried. They will be cushioned against the increases because OPEC oil is paid for in U.S. dollars, which in recent months have depreciated against other major currencies. Japan can well absorb a price increase because of its enormous trade surplus, which it would like to whittle down anyway. Moreover, after the price shocks of 1973 and '79, Japan put the brakes on oil consumption, mainly through a serious conservation regimen, and did not release those brakes after the crises...

Author: /time Magazine | Title: The Crude Enforcer | 8/6/1990 | See Source »

Cassady was already married when he proposed to Carolyn. He clearly loved and needed her, but he also needed to see his estranged wife before and after their marriage was annulled. Other Beat chroniclers have noted that Cassady had a surplus of erotic energy. Carolyn recalls he was not an especially sensitive lover. Sex, it appears, was less a private act between two people than a plot element in the crowded drama he lived from day to day. Carolyn played her part when Jack Kerouac moved in. With her husband's tacit urging, she became the novelist's lover...

Author: /time Magazine | Title: Books: The Beatnik's Wife OFF THE ROAD by Carolyn Cassady | 7/30/1990 | See Source »

...even the simplest household objects. A society long praised -- and sometimes derided -- for an overgrown work ethic has turned its restless energies to the cultivation of leisure. Enveloped in superlatives, West Germany has emerged as one of the world's most affluent societies: the nation with the largest trade surplus; the greatest per capita concentration of high- performance automobiles; the best wages for the shortest work week; and the most rewarding all-round standard of living among major industrialized countries...

Author: /time Magazine | Title: Germany: The Oh So Good Life | 7/9/1990 | See Source »

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