Word: grained
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...They angrily blame their economic problems on what they see as the Reagan Administration's failure to bring down world interest rates and on a stubborn protectionist streak in U.S. trade policy. In addition, the Europeans object to seeming inconsistencies in American policy-like refusing to impose a grain embargo on the Soviets while simultaneously demanding sacrifices from the Europeans. Strained by a bewildering array of tensions, including disruptive left-wing demonstrations over nuclear disarmament and U.S. policy in El Salvador, the Western Alliance is in greater disarray than at any time since Jimmy Carter's sharp turn...
...with the recession, has brought down inflation far more rapidly than expected. The pace of consumer price hikes slowed from 12.4% in 1980 to 8.9% in 1981. TIME's economists forecast that inflation will cool further to 6.5% this year. The progress is partly a result of bumper grain crops and the worldwide oil glut, which have moderated food and energy prices. More important, the slump has prodded many unions, from the Teamsters to the United Auto Workers, to scale back their wage demands. Said Greenspan: "We're looking at a very significant slowing in the inflation rate...
...credit rating and his good name are ruined. But when the debtor is another nation, especially a sensitive case like Poland, life is more complicated. Amid much internal debate and controversy, the Administration agreed to pay $71 million in January installments on money borrowed by Poland to finance grain purchases, deferring for now the option of declaring the military regime in default...
...burdened by the effects of overcentralized planning and lagging industrial and agricultural production, of shouldering the Polish debt and of financing a war in Afghanistan. Lately, the U.S.S.R. has been selling gold to make up for a currency shortage caused by a serious shortfall in last year's grain harvest. As a result, Moscow has been cutting back on its aid to all of Southeast Asia. The Soviets were forced to reduce their 1981 grain shipments to Kampuchea by almost half, from a promised 100,000 tons to only 55,000. The price Viet Nam pays br Soviet petroleum...
More important, though, the Russians are not likely to blackmail Europe with natural gas. The Soviet Union simply stands to gain as much-from the deal as Europe does. The Russian need of hard currency for grain and technology purchases is well known; if anything, mutual dependence is our best bet to avoid a nuclear disaster. The trans-European pipeline serves that...