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...Indochina, Southeast Asia's other war intensifies. Up in the cool highlands of the Golden Triangle where the borders of Burma, Laos and Thailand meet, fighting rages for control of the area's 700-ton illicit opium crop-a full two-thirds of the world's output. A major participant in that war fell last week when Thai agents, advised by U.S. narcotics agents, captured Lo Hsing-han, long suspected of being Southeast Asia's largest and most powerful heroin tycoon. In a rare display of cooperation, Burmese armed forces, which at one time winked...
...soaring prices for feed, farmers killed baby chicks, sows and milk cows. Unable to earn a profit, meatpackers closed down, and food processors slowed production. Beef production could drop 2% this year; earlier it had been expected to rise 3.5%. Pork production is likely to dip by 3%, and output of broiler chickens is running 1.5% behind last year's pace. Says Don Paarlberg, chief economist of the Agriculture Department: "There will be fewer eggs, smaller supplies of fresh fruits and vegetables. Milk production will probably fall off, and there will certainly be fewer canned goods, less margarine...
...report charges that the oil companies should have been able to predict increased demand and take steps to meet it. Instead, they "have attempted to increase profits by restricting output." Noting the number of major refinery expansions that have just been announced, the report brushes aside industry assertions that environmentalist complaints stalled refinery building. Said the FTC staff: "Now that governmental intervention has become a strong threat, these companies have suddenly overcome their environmental problems...
...with France's foothold in such future-oriented industries as aerospace and computers. Hudson's 5.5% yearly growth rate for France is projected as the highest of any industrialized European nation. Yet Prognos Economist Claus D. Kernig argues that France is "still so far behind in total output that it is unlikely to catch up with Germany in the next two decades...
...West German exports will surge from less than 35% of industrial output currently to more than 50%. But lopsidedly favorable German trade balances will finally begin to diminish because Germans will be investing more of their marks abroad while paying more for raw materials from the developing countries...