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...incentives within a Communist frame- work, has run into a severe inflationary problem. Despite a partial price and wage freeze last December, the cost of living is now rising at an annual rate of about 14%. A 20% devaluation of the dinar early this year failed to quench the thirst for foreign goods or boost Yugoslav exports. As a consequence, Yugoslavia has a trade deficit of $1.2 billion, with a gross national product of only $14 billion. Two large invisible assets, however, help close the actual payments gap. Foreign tourists bring Yugoslavia some $400 million, while...

Author: /time Magazine | Title: The World: Yugoslavia: Tito's Daring Experiment | 8/9/1971 | See Source »

...party's antiMarket majority and its vocal pro-Marketeers, he cannot hope to please everyone. As Harold Lever, an ardently pro-Market M.P., put it: "Poor Harold Wilson! If he drank the water, it was poisoned. If he didn't drink, he'd die of thirst...

Author: /time Magazine | Title: BRITAIN: Flip (Flop) Wilson | 8/2/1971 | See Source »

Ship me somewheres east of Suez, where the best is like the worst, Where there aren't no Ten Commandments an' a man can raise a thirst. -Rudyard Kipling, Mandalay

Author: /time Magazine | Title: The World: The Island of Not Having | 5/17/1971 | See Source »

...tune with the times." The times have not been kind to bourbons and rye blends, which are often the preference of a breed that seems to be vanishing-the men who take their tots neat. Though both types of whisky continue to rank first in the thirst of U.S. drinkers, their appeal is diminishing. Vodka, the quintessential light drink, with little flavor and less aroma, is becoming increasingly popular. Scotch and Canadian blenders have also profited by promoting their products' lightness...

Author: /time Magazine | Title: Business: Billion-Dollar Gamble in Whisky | 4/12/1971 | See Source »

...expansion has been reinforced by the nation's rising thirst for wines, especially, say wine merchants, among young adults who reject the martini-zonked image of their parents. U.S. wine consumption has increased by 60% since 1960, five times as fast as population growth. Sales gained 10% in 1969 and another 13% last year, to 265 million gallons. Wine makers are particularly heartened because Americans have taken to drinking wine with meals. For the first time since Prohibition, table wines in 1969 outsold sweet wines such as sherry, port and muscatel in the U.S. California produces...

Author: /time Magazine | Title: INDUSTRY: The California Wine Rush | 3/1/1971 | See Source »

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