Word: beef
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Dates: during 1960-1969
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...most significant rise of all was for beef. Compared with a year ago, prices in April were up 8% for hamburger, 9% for sirloin and 10% for round steak. Some alarmed butchers predict that sirloin may hit $2 a Ib. this summer...
Traditionally, high prices reflect a short supply of cattle. This year the mechanism of the market has been snarled by increasing affluence. With disposable income up 6% from last year, Americans are indulging in their longstanding love of beef. In the first quarter of this year, 6% more steers have been marketed than in the equivalent period of 1968, yet consumer demand for red meat is rising even faster. At current rates, Americans this year will eat an average of 110 Ibs. of beef each, compared with...
There may be a great deal of latent opposition to Harvard's establishmentarian, title-laden choices for honorary degrees. But it's unlikely that the opposition will be voiced, because the degrees just aren't important enough to object to. If the Fellows want to beef up their Commencement party, why spoil their...
...Apollo 10. None of the crew caught cold, probably because of a less tiring preflight schedule. None suffered nausea caused by weightlessness, possibly because of in-flight head-movement exercises prescribed by the astronauts' physician, Dr. Charles Berry. For the first time since John Young smuggled a corned-beef sandwich aboard the Gemini 3 flight in 1965 and littered the spacecraft interior with crumbs, the astronauts were allowed a supply of bread. To withstand the pure-oxygen atmosphere, which quickly dries bread and makes it crumbly, the slices of white and rye bread had been flushed with nitrogen...
...Corned Beef and Competition. Cost overruns have been standard procedure in American military history. There were corned beef scandals during the Civil War, and the West was won partly on padded Government contracts for shot, powder, rifles, bully beef and hardtack. Today's excesses can hardly be blamed on defense-industry "profiteering." While U.S. industry's overall return on investment rose from 7.1% in 1967 to 10.1% last year, the defense contractors' profits have dropped from an average 10.1% to around...