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Egypt's gain from the settlement would be much more obvious. It would get back some of its territory and a new domestic source of oil at Abu Rudeis, which would increase Egypt's production by about one-third and allow it even to export oil. The Suez Canal would be a little farther away from the muzzles of Israeli cannons. Sadat might even be able to begin thinking about reining in his defense expenditures, which now devour $2 billion, or 25% of the gross national product (v. $3.6 billion, or 30% for Israel). Sadat is hard-pressed...

Author: /time Magazine | Title: MIDDLE EAST: The Eleventh Shuttle: Is Peace at Hand? | 8/25/1975 | See Source »

...rapid rise is occurring despite the lack of any political agreement between the two superpowers on trade. Last January Moscow abrogated a trade-expansion treaty that would have lowered American tariffs on Soviet goods and made Soviet buyers of U.S. products eligible for long-term credits from the Export-Import Bank. Reason: Congress attached an amendment, promoted by Democratic Presidential Hopeful Henry ("Scoop") Jackson, that required the U.S.S.R. to allow freer emigration of minorities, especially Jews. At the time, the Soviets grumbled that they would get along without U.S. imports rather than allow such interference in their internal affairs...

Author: /time Magazine | Title: TRADE: Those Soviet Buyers | 8/18/1975 | See Source »

Three Harvard professors are among the sponsors of a declaration calling on Congress and President Ford to effect a "drastic reduction" in nuclear power plant construction and to suspend the export of nuclear reactors...

Author: By Marc Witkin, | Title: Three Harvard Scientists Lead Call to Stop Nuclear Reactors | 8/5/1975 | See Source »

...million tons-an amount equal to the 1972 purchases, which would raise prices of cereals, bakery products and grain-fed meat animals. At least some Administration officials would urge President Ford to stop any huge second round of grain sales. And last week the Agriculture Department ordered U.S. grain-export firms to advise it before beginning any new negotiations with Soviet buyers...

Author: /time Magazine | Title: OUTLOOK: Pitfalls on the Road Back to Prosperity | 8/4/1975 | See Source »

...wheat crop this year is forecast at a record 2.2 billion bu., leaving ample supplies for export sales without serious impact on home prices. Agriculture Secretary Earl Butz predicts that sales of grain to the Soviet Union will have only a minimum effect on American prices even if they reach 10 million tons, which he believes they will. One possible effect: meat prices will be kept from falling, because a general tightening of grain markets will hold feed costs high...

Author: /time Magazine | Title: FOOD: The Russians Return | 7/28/1975 | See Source »

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