Word: butter
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...removed from the bloodletting." When it comes to the America he wants, Berrigan sidles into a vision of "Paradise Park"-a Utopia straight out of the pixiest moments of The Greening of America: "Let the people enter, grow, run, fly, perambulate, consume, pull corks from, spread jams and peanut butter on, swim and sun in, et cetera, as the day is long...
...ECONOMY. "Those whose guns-and-butter economics led us into an inflation that has robbed the purse of every person in the nation continue to call for the kinds of programs and spending that will only refuel that inflation...
...they dealt with two unresolved questions: preferential treatment for New Zealand, to which Britain has highly emotional ties; and the role of sterling. On both issues, Heath was heartened by Pompidou's reasonableness. The two men concurred that some accommodation was manageable on granting access to New Zealand butter and cheese; they instructed their negotiators in Brussels to work out details. Regarding sterling, Pompidou agreed to consider Heath's request that the inevitably complex talks on the role of the British pound be kept outside the general EEC discussions so that the entry negotiations would not be slowed...
...ships would load up with maize flour (30% subsidy), and in mid-sea they would turn around and head for home. Their expensive cargoes were reimported as cattle feed (no tariff), and the journey would begin all over again. Other revolving traders, according to EEC tariff sheriffs, export melted butter (100% subsidy) that on the return trip miraculously becomes mayonnaise (no tariff). All that is needed for the transformation is a new set of export certificates, because inspectors often do not check the cargoes...
...sterling which, as a reserve currency, is subject to the stresses of the sort that have recently beset the dollar. As a result, the French want London to discourage foreign countries from holding sterling balances. The other issue is New Zealand, whose entire economy depends on exports of lamb, butter and other agricultural products to Britain. Last month New Zealand's Premier Sir Keith Holyoake presented his country's case to Pompidou, who acknowledged New Zealand's ties of "emotion, sympathy, culture and blood" to Europe. But Pompidou also told Sir Keith that the New Zealand issue...