Word: commonical
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Dates: during 1960-1969
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Overabundance is common in the developed nations that can afford to subsidize farming. It is a costly bounty that threatens to stimulate further protectionism and provoke trade-damaging price wars behind the barricades of new border taxes, import quotas and additional grain subsidies. The cruel irony is that while almost half of the world's people are malnourished, there is sufficient food to feed them today...
Problem Mountain. The problems of plenty are manifold in the Common Market countries. A policy combining protection and unrealistic price supports without production quotas has yielded a surfeit of foodstuffs. Excess sugar stocks have swollen to 1,000,000 tons and are expected to grow by more than 300,000 tons annually. In Italy, landowners have been forced to destroy crops of fruit and vegetables, and officials at the Ministry of Agriculture are fretting over what to do with 150,000 tons of ripening surplus oranges, more than 10% of the annual harvest...
...threat to trade relations between the U.S. and the Common Market is the market's mountain of surplus butter, which is now 300,000 metric tons and is expected almost to double by next spring. With storehouses filled and the world market clotted, leaders of the Common Market's agriculture section are trying to persuade consumers to switch from margarine to butter. The proposed solution, which includes a tax of at least $60 a ton on the food oils used in margarine, would slash by one-third the U.S.'s $500 million annual soybean exports...
Farming has been a feast-or-famine business for almost as long as history has recorded harvests. Today's bins of surplus food serve as pointed reminders that most agricultural policies are inadequate, inconsistent and archaic. The cost of subsidized farming in the Common Market is more than $2 billion a year; in the U.S. it is $3.6 billion. Yet prices are erratic, and people go hungry. Agricultural technology has shown that the Malthusian apocalypse of starvation can be avoided. The immense task now for the producers is to devise the economic and political conveyor belts that could...
...Wellesley, a job as an editorial assistant to Diana Vreeland on Harper's Bazaar, even marriage to a good-looking Harvard grad. The marriage went nowhere for two years, then ended in a quiet divorce. "He was a nice guy," she says now. "We just had nothing in common. Nothing...