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...last year, and the U.S. has become China's third-anking partner in commerce (after Japan and Hong Kong). Some 80 American companies have established offices in Peking, and the Bank of China has started a branch in New York City. Last month China opened 58,000 sq. mi. of potentially rich offshore oil grounds to competitive bidding by 46 oil companies, half of them American...

Author: /time Magazine | Title: China: A Decade of Measured Progress | 3/15/1982 | See Source »

Enders' rhetorical questions pinpointed the reasons the Administration has taken such a firm position on El Salvador. That strife-torn country of 4.9 million people, roughly the size of Massachusetts, has the highest population density (593 per sq. mi.) and one of the lowest per capita incomes ($670 a year) in all of Latin America, and Washington is committed to support the Duarte government at a time when its survival is by no means cer tain. But the Administration fears that any slackening of U.S. support might lead to a major opportunity in Central America for Soviet-sponsored Cuba...

Author: /time Magazine | Title: Central America: To Save El Salvador | 2/15/1982 | See Source »

...most explosive area for growth companies today is south of San Francisco Bay in a 250-sq.-mi. area in Santa Clara County, where orchards of apricots, prunes and cherries were once a main source of income. Tiny semiconductors made with chips of silicon that were first manufactured there at the end of the '60s gave the region its nickname-"Silicon Valley." Growing up alongside the semiconductor companies in such towns as Sunnyvale, Los Altos and Cupertino are a host of new, high-tech industries. Says Michael Shields, a catalogue marketer in Palo Alto: "Living here is like riding...

Author: /time Magazine | Title: Striking It Rich: A new breed of risk takers is betting on the high-technology future | 2/15/1982 | See Source »

...American Billionaire Daniel K. Ludwig paid $3 million to a group of Brazilian families for approximately 6,000 sq. mi. of dense rain forest in the country's remote Amazon region. He then set in motion a bold plan for developing the area to help meet anticipated world shortages of food, lumber and wood pulp for papermaking...

Author: /time Magazine | Title: End of a Billion-Dollar Dream | 1/25/1982 | See Source »

...these standards, the 196 sq. mi. Atlanta area emerges as the best all-round place to live in America. It is ranked No. 1 in transportation and high in such categories as health care, schools, cultural facilities and weather. Atlanta's major drawback, according to Places Rated, is its crime problem-it has a murder rate "that is twice the national average for metro areas." The Washington, D.C.Maryland-Virginia area scores second in all-round desirability, though it, too, suffers from a high crime rate. Greensboro-Winston-Salem-High Point, N.C., is the third most livable area, largely because...

Author: /time Magazine | Title: Living: What Makes Home Sweet | 1/11/1982 | See Source »

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