Word: beefing
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Move over, Ben Cartwright. Some rich new cattle barons have come to town. In the past year Japanese investors have developed an appetite for U.S. beef- producing properties, including ranches, feedlots and packinghouses. Zenchiku, a major Tokyo-based meat importer, bought the 80,000-acre Selkirk Ranch near Dillon, Mont., last October for $13 million. A company called Mt. Shasta Beef, formed by Japanese entrepreneur Masa Tanabe and three California cattlemen, spent $2.2 million in January to lay claim to a 6,000-acre ranch in Northern California's Siskiyou County...
What spurred the investments was Tokyo's agreement last June to lift trade restrictions that limited imports of U.S. beef to 14% of Japan's market, which last year totaled 676,000 tons. Since Japanese meat companies expect to import much more U.S.-grown beef, they realize that if they own some of the American cattle operations, they will have a larger stake in the profits...
...This incident illustrates the need to beef up security," said David A. Battat '91. Battat, who chairs the ad hoc committee on security for the Undergraduate Council, said the committee is exploring ways of improvingsecurity on and near campus. "We are askingquestions such as, 'Is more lighting needed?' and,'Is the Harvard Police Department understaffed?'"he said...
Harvard Dining Services means well, but it is too clumsy to turn intentions into good results. Some Chinese students probably noted that the beef teriyaki served for Chinese New Year is actually a Japanese dish. It's sort of like serving fish & chips on the Fourth of July...
Nonetheless, the State Department reportedly has been cooking up a compromise in which the U.S. would export specialty beef products, including tongue and liver, that conform to E.C. standards. Secretary of State James Baker may offer such terms this week when he makes a diplomatic tour of European capitals...