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...yuan (about $1,200), which she had borrowed from friends and relatives. Liu's destination: Canton, 1,400 miles and 36 hours away, China's gateway to Hong Kong and now a bustling center of free enterprise. Upon her arrival, she rushed from one street vendor to another, buying up an assortment of modern-style dresses, blue jeans, sandals and high-heeled shoes. Twelve days later, Liu was back in Peking. Within a couple of days, she had sold her wares, reaping a hefty profit of 400 yuan ($235). It would have taken her one year...

Author: /time Magazine | Title: China: Certain Measures of Capitalism | 4/4/1983 | See Source »

...this year. More than half of the country's 31 states are suffering from drought, adding further to the human misery. In Oaxaca, Peasant Farmer Manuel Ramirez Santiago, 30, explains that he has given up entirely on working the land. Instead, he has become a street-side Popsicle vendor. Agricultural experts estimate that on a nationwide scale, Mexico will have to import 10.5 million tons of basic grains by the end of 1983 to compensate for the natural disaster...

Author: /time Magazine | Title: Mexico We Are in an Emergency | 12/20/1982 | See Source »

...tribulations, the Sandinista regime has made some improvements. The literacy rate has risen from 50% to 87%. Thousands of campesinos have received title to confiscated farm land. But an increasing number of Nicaraguans are beginning to compare the Sandinistas to Somoza. Says a plump, fortyish food vendor, standing in her tin-and plastic-sided stall in Managua's Mercado Oriental: "This is the worst we have ever had it. Everyone is waiting for Edén Pastora." They may have to wait a while. But the spreading disillusionment should put the Sandinistas on notice that political legitimacy does...

Author: /time Magazine | Title: Nicaragua: Challenge from the Contras | 8/2/1982 | See Source »

...ENGLISH HAVE SUFFERED 200 DEAD AND 800 WOUNDED), but few citizens could ignore their government's reluctant admission that 1) the British had established a beachhead on the Falklands and 2) the foothold was rapidly growing. More and more, Argentines were expressing a longing for peace. Said Produce Vendor Jose Oscar Moryda, as he tidied up his display of fruits and vegetables in the El Retiro market in central Buenos Aires: "If I knew the Pope was coming here specially to bring a solution to the war, it would be great. I suppose he might try, but events have gone...

Author: /time Magazine | Title: Falkland Islands: Explosions and Breakthroughs | 6/7/1982 | See Source »

Still, the average Briton did a little hasty calculation and concluded that the budget was tolerable. "It's a case of losing on the swings and gaining on the roundabouts," said a self-employed street vendor. The main complaint about the budget is that it fails to take strong measures to combat unemployment, now at a record 3 million (a rate of nearly 13%) and' still rising. Labor Party Leader Michael Foot, borrowing from Gilbert and Sullivan's The Mikado, scorned Howe's cost-and-balance sheet as "a thing of shreds and patches." The government...

Author: /time Magazine | Title: Britain: It Happens Every Spring | 3/22/1982 | See Source »

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