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Some American officials say that this deficit is partially caused by restrictive import barriers that make it hard to sell products other than wheat, rice, aluminum and other natural resources. Japanese officials, however, maintain that they no longer discourage foreign companies...

Author: /time Magazine | Title: Tough Traders | 7/20/1981 | See Source »

...Television has become something to listen to from the next room. So has television news." Frank scorns "split screens and zooms and star bursts and insets and flip-overs" to give pedestrian words a visual interest, or the trite use of canned "truck shots down the aisles of supermarkets, wheat pouring into a boxcar, a slow zoom into the Capitol dome." He sighs for a past day when the camera was not so much the servant of the word...

Author: /time Magazine | Title: Newswatch: Trusting the Deliveryman Most | 7/6/1981 | See Source »

...games from the past. The Chicago Tribune took fans back to the days when the Cubs were fighting for their last pennant (1945) and the White Sox for theirs (1959). Or else the papers had fun concocting elaborate fantasies. The San Francisco Examiner invented a staff writer named "Grant Wheat" (tip of the cap there to the late Grantland Rice) who proclaimed the strike settled on Tuesday and then proceeded to march the teams through a schedule full of offbeat surprises-terrible hitters suddenly erupting in orgies of homers, for example...

Author: /time Magazine | Title: Summer of Our Discontent | 6/29/1981 | See Source »

...harvest surplus. Not so certain was whether Moscow was willing to buy, and, if so, how much. After a day and a half of bargaining in London last week, American and Soviet trade officials announced that the U.S.S.R. will be allowed to purchase 3 million metric tons of wheat and 3 million metric tons of corn above the 8 million tons it is allowed to acquire under the existing five-year agreement, which expires on Sept. 30. Both sides will meet again to discuss a new long-term pact; in the meantime, the Soviet Union will be permitted...

Author: /time Magazine | Title: Back in Business Again | 6/22/1981 | See Source »

Growers are still trying to sell off surpluses from last year's record-breaking wheat harvest, and this year's winter-wheat crop promises to be the most bountiful ever. The new Soviet deal, predicts Maurice Van Nostrand, research director for AGRI Industries, an association of low cooperatives, "will make a big difference News of a major new purchaser is bound to have a psychological impact on the market, and it will bring in buyers from other nations more aggressively.'' The only cloud on the horizon is the nagging poor weather-either too much...

Author: /time Magazine | Title: Back in Business Again | 6/22/1981 | See Source »

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