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...gross national product, is expected to drop by 3% in 1980, making Poland the first East bloc country to suffer two consecutive declines. Its hard-currency debt to the West has risen to $23 billion; servicing it requires about 80% of its export revenues. Exports are down, largely because coal production is running more than 5% behind projections. Poor weather and absurdly low government price ceilings-a major disincentive to farmers-have contributed to a 12% decline in agricultural output. "Queues existed before, but now we have no food at all," complained a worker at the Ursus tractor factory outside...

Author: /time Magazine | Title: POLAND: Poised for a Showdown | 12/22/1980 | See Source »

...Michel Colucci-known better as Coluche-is opening his nightly act at Paris' Théâtre du Gymnase. "Hey," Coluche begins in his usual patois, "we've negotiated a fantastic deal with the Soviets: we give them all our wheat, and they let us keep our coal." The son of an Italian immigrant house painter, Coluche, 36, has now become something more than a nightclub satirist puncturing the pretensions of politicians and diplomats in the coarse argot of la France profonde-the real France of factory workers, small farmers and shopkeepers. He has announced himself...

Author: /time Magazine | Title: FRANCE: Not So Funny | 12/22/1980 | See Source »

...entire history. The report claimed that there is more oil in one area of potential shale production than has been discovered in all the Middle East. The group, though, failed to say where that bonanza is located. They also pointed out that the U.S. has 60 times more coal than oil, 40 times more coal than natural gas, and is still the world leader in most energy technologies...

Author: /time Magazine | Title: Energy: Oil for the Lamps of Reagan | 12/22/1980 | See Source »

...Department of Energy and whether to cut back the $20 billion synfuel development program. When he does, he will find a fairly cooperative Congress eager to study his proposals. The Republican-dominated Senate is likely to revise some pollution regulations and to open up more public lands to coal mining and oil exploration. Republicans also have an ideological majority in the House, where 40 Southern Democrats often vote with them on energy issues. Nonetheless, a few of the more controversial aspects of the report, like the speedier licensing of nuclear plants and the rapid construction of nuclear waste dumping facilities...

Author: /time Magazine | Title: Energy: Oil for the Lamps of Reagan | 12/22/1980 | See Source »

Whatever the outcome of its case, the Justice Department clearly intends these indictments to serve notice that it is cracking down on tax-shelter abuses. But the process is bound to be slow. The Government spent three years gathering evidence on the coal-mining case, which is scheduled to go to trial at the end of March...

Author: /time Magazine | Title: Law: Crackdown on a Coal Caper | 12/15/1980 | See Source »

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