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...over the world in the 1960s. Bread-bare countries like Mexico and Iran were soon exporting wheat, the Philippines became self-sufficient in rice, even Pakistan had a harvest surplus. But soaring oil prices pushed the cost of essential petrochemical fertilizers out of reach of all but the wealthiest countries. Today nearly every country "revolutionized" by the Green Revolution is importing food from the world's half-dozen grain exporters, most notably...

Author: /time Magazine | Title: Environment: Tampering with Beans and Genes | 10/19/1981 | See Source »

...program to the less developed countries. Said President Reagan to the 11,000 central bankers and financiers: "The societies that have achieved the most spectacular, broad-based economic progress in the shortest period of time are not the most tightly controlled nor necessarily the biggest in size nor the wealthiest in natural resources. No, what unites them is their willingness to believe in the magic of the marketplace...

Author: /time Magazine | Title: A Whiff off Panic | 10/12/1981 | See Source »

...sourly to the Reagan tax-cut victory in early August, pointing out that the new law makes it more expensive to give money or stock to charity. The reduction of the maximum individual income tax rate from 70 to 50 per cent means that it will not cost the wealthiest contributors 50 cents, not 30 cents, to donate a dollar to the University. That could produce a "very chilling effect," one Harvard official said; Laurence B. Lindsey, an analyst at the National Bureau of Economic Research said giving could drop off as much as 40 per cent in the wake...

Author: By William E. Mckibben, | Title: While You Were Gone ... | 9/23/1981 | See Source »

...residential neighborhoods, I had dinner with a professor at a Calcutta institute for managerial studies. He talked of the frustrations of working to improve health and sanitation conditions, the impracticability of any attempts at concerted policies, and the tight pinch of a runaway inflation rate on all but the wealthiest members of the country's industrial establishment. "When we graduated from college, we thought that our purpose was to do something worthwhile for out nation," he told me. "Now, I would just tell my son to try to support and take care of himself...

Author: By Siddhartha Mazumdar, | Title: East And West The Search For Eternal India | 9/18/1981 | See Source »

...successful, your business has to be fun." By that creed Harry F. Oppenheimer, 72, has become one of South Africa's, and the world's, wealthiest and most influential businessmen. These days, however, Oppenheimer, head of an $18 billion gold, diamond and natural resources empire, and one of the country's most outspoken critics of apartheid, is smiling less than usual...

Author: /time Magazine | Title: South Africa's Mineral King | 7/13/1981 | See Source »

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