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Supply & Demand. The price cutting was the result of too much wheat. Five years ago, 46 nations formed the International Wheat Agreement, and such big producing nations as Canada, the U.S. and Australia agreed to allot a certain amount of their wheat for export in a stipulated price range (not to exceed $1.80 a bushel). When inflation, the Korean war and poor foreign crops put wheat in tight supply, the International Wheat Agreement worked fine, at least for the importing nations, which got what they needed at bargain prices. But recently, with wheat in surplus, I.W.A. has not worked...

Author: /time Magazine | Title: COMMODITIES, Price War in Wheat | 6/21/1954 | See Source »

...business corporations are the last untapped sources for education. We won't allot money or collect it, we'll just try and educate business leaders on the importance of education to business...

Author: NO WRITER ATTRIBUTED | Title: Group Begins Appeal To Corporations for Grants for Colleges | 11/25/1953 | See Source »

Actually, the big danger of overexpanded consumer credit is not only that people will find it impossible to meet payments on their debts. A worse danger is that in time of declining incomes, consumers will be forced to allot so much money to paying off their debts that they will have little left over for other buying. That would dry up purchases and shut down factories and hasten a recession...

Author: /time Magazine | Title: THE CREDIT FLOOD: Are Americans In Over Their Heads? | 8/3/1953 | See Source »

...foresaw all kinds of abuses: bootlegging in G.G., racketeering with worthless substitutes, faking measles to wangle a shot of G.G. in areas where it is not being given-for polio. This expert's solution: declare a national emergency, giving the Government a monopoly of blood and blood products; allot G.G. only to areas with the worst epidemics; let a public authority (not pharmacists) dispense it for doctors to inject...

Author: /time Magazine | Title: Medicine: G.G. Proves Itself | 11/3/1952 | See Source »

...night session the French National Assembly voted, 414 to 177, over Communist opposition, to allot 743 billion francs ($2,115,000,000) to military expenditure in 1951. NATO officials calculated that, with other rearmament expenditures not shown in the budget, France would spend $2,600,000,000 (11% of the gross national product) on defense. A¶fter sitting on its hands for two months, Italy's Senate passed a new defense bill (TIME, March 19) to spend an additional 250 billion lire ($400 million) to modernize the nation's armed forces, bring them up to treaty strength...

Author: /time Magazine | Title: NATO: Progress | 5/28/1951 | See Source »

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