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...Soviet Russia. In foreign exchange, rates for the mark are so vastly depreciated that they can be expressed only in incalculably large figures. In both London and New York prominent banks have refused to quote, buy or sell the vanishing German currency any longer. It is likewise being stricken off the prominent European stock exchanges, where ordinarily foreign exchange is traded in actively...

Author: /time Magazine | Title: Foreign News 1923: Germany Exit the Mark | 10/5/1983 | See Source »

During the last month, Brazilians have been shocked by reports from the drought-stricken Northeast of starving families eating snakes, lizards and rats. "I have never seen the likes of this in my life," said Pontes Neto, a Red Cross official. "The children all have the same sickness, worms and chronic hunger." Shoeless looters roaming city streets have panicked retailers. All last week, heavy looting took place in Rio de Janeiro suburbs. In one wild afternoon, a mob of 400 sacked four grocery stores in the area, ripping down steel gratings and smashing windows. Says Security Guard Anzio Gomes Monteiro...

Author: /time Magazine | Title: Brazil's Ordeal of Austerity | 9/19/1983 | See Source »

...with the problems caused by drought. Hoping to mollify the politically volatile inhabitants of urban slums, authorities in Zambia and Zaire have held prices for farm produce artificially low and thus exacerbated rural poverty. Zimbabwe's Prime Minister, Robert Mugabe, withheld assistance from those parts of the drought-stricken southwestern province of Matabeleland where rebel factions were most active. Ethiopia continues to spend more than 30% of its budget on arms and less than 5% on importing food...

Author: /time Magazine | Title: Disasters: Drought, Death And Despair | 7/11/1983 | See Source »

Although India has devoted $810 million to drought relief, all too often the assistance has been haphazardly administered. At one time 40% of the trucks used for transporting water into stricken areas were out of commission. Nor has there been much long-term planning. Although the state of Rajasthan has seen almost no water since 1978, the authorities have been slow in implementing schemes to distribute water. So far, says a Madras journalist, "man is the villain...

Author: /time Magazine | Title: Disasters: Drought, Death And Despair | 7/11/1983 | See Source »

Justice's bum epitomizes the futility prevalent throughout The Caretaker Justice portrays a derelict who seems emasculated in the brutal world. Her filthiness complements her undeveloped personality and her selfishness seems ill suited to her poverty-stricken position in society...

Author: By Rebecca J. Joseph, | Title: Bummed | 7/1/1983 | See Source »

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