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...more than what the President and his Agriculture Secretary claimed it to be-merely a teapot tempest. The most important villain in the Estes case is the vast tangle of the farm price-support system, with its accompanying systems of production controls and surplus storage. Price-support programs provide scant help for the neediest farmers; the most bountiful benefits flow to prosperous farmers, who could get along with no Government...

Author: /time Magazine | Title: Investigations: Decline & Fall | 5/25/1962 | See Source »

Nature branded a curse on the Northeast. Except in a narrow coastal belt, rain is so scant that 87% of the area consists of parched, brown sertāo, a rolling hinterland matted with cactus-tough scrub where peasants hack at the hard soil with primitive hoes. Two months ago, the first rains in eight months brought a green fuzz to the sertāo. But drought had already ruined this year's crop of beans, corn and manioc-root flour, mainstays of the peasant diet. Famine swept the sertāo, sending thousands of camponeses to the towns...

Author: /time Magazine | Title: Brazil: The Hungry Land | 5/18/1962 | See Source »

Down to a Fig Leaf. Along with ponderation. Dontot has imbued Thomson-Houston with a dedication to long-range economic planning. Though French house wives have as yet shown scant enthusiasm for automatic washing machines, Dontot is convinced that they will come around in time, has doggedly plastered France with posters of a little man loading a Thomson-Houston washer with such enthusiasm that his sole remaining clothing consists of a straw hat and a fig leaf. Such investments in the future have paid off handsomely for Thomson-Houston. Currently, the company is swamped with or ders for short-wave...

Author: /time Magazine | Title: Business: Thomson Sounds Good | 5/11/1962 | See Source »

When the Kennedy Administration closes its books for fiscal 1962 two months from now, the recession-ridden federal budget is certain to wind up somewhere on the order of $7 billion in the red. And there is scant relief in sight. Though the President a few months ago talked hopefully of showing a surplus for fiscal 1963 (see chart), most economists last week agreed that a budget deficit of from $2 billion to $5 billion is likely next year...

Author: /time Magazine | Title: Public Policy: Which Budget to Balance? | 5/4/1962 | See Source »

...feisty Detroit Lawyer Sol Dann, self-styled "gadfly" of the Chrysler Corp., consumed 70 solid minutes of Chrysler's annual stockholders' meeting with vividly phrased denunciations of the company's management. Last week, at Chrysler's 1962 meeting, Dann held himself down to a scant 43 minutes-which he filled with innumerable punning compliments ("Love begets love") to Chrysler's new management team headed by Chairman George Love, 61. Mused Love wryly: "I wonder what he would have done if my name was Smith." If Love's name were Smith, stockholders would probably...

Author: /time Magazine | Title: Autos: Forward Looking at Chrysler | 4/27/1962 | See Source »

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