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Cate was already out in snow-choked Des Moines with the G.O.P. candidates who had come to Iowa when TIME'S editors in New York scheduled the cover story on the grain embargo. Filling in for Cate in Chicago, Correspondent Madeleine Nash marshaled stringers (part-time correspondents) to assess reaction to the embargo in the farm states and tapped her own agriculture sources. Patricia Delaney reported on the hectic commodities trading at the Chicago Board of Trade, while David Jackson interviewed experts on the gasohol program. Barry Hillenbrand, who had been following Ted Kennedy's efforts to explain...

Author: /time Magazine | Title: A Letter From The Publisher, Jan. 21, 1980 | 1/21/1980 | See Source »

...counts as the first cover it reported a 1930 piece on Mobster Al Capone. Nowadays the big stories that occupy the bureau can range from projects involving long-term reporting, like our November 1978 cover on "The New U.S. Farmer" to this week's fast-breaking examination of "Grain As a Weapon." Such high-pressure assignments can be tough, but, as Nash explains, they also have their compensations. Says she: "It's like the man who when asked why he climbed mountains replied: 'Because it feels so good when I stop...

Author: /time Magazine | Title: A Letter From The Publisher, Jan. 21, 1980 | 1/21/1980 | See Source »

...violated all Jimmy Carter's instincts ?his political instinct for the charitable gesture, his personal instinct for compassion?to break his own campaign promise and cut off the golden flow of U.S. grain to the Soviet Union. But at the same time he was filled with rage and frustration at the Soviet invasion of Afghanistan, and particularly by what he felt was Communist Party Chief Leonid Brezhnev's lying justification of it. He stalked around the White House, bristling with anger. "Because of the way that I've handled Iran, they think I don't have the guts...

Author: /time Magazine | Title: Grain Becomes a Weapon | 1/21/1980 | See Source »

Whether Carter's move would have any serious effect on the Soviets remained a matter of strong debate, but it caused thunderous reverberations last week through the great grain belt of the U.S. Middle West. Grain prices plunged on the commodities markets and the politically powerful farmers protested mightily that they were being ruined. Most of Carter's rivals for the presidency denounced his embargo as unfair and ineffective, and there were some predictions that these criticisms would soon be translated into opposition votes in the Iowa caucuses on Jan. 21 and in early primary elections...

Author: /time Magazine | Title: Grain Becomes a Weapon | 1/21/1980 | See Source »

...limit the damage at home, the Administration announced that it would bail out U.S. farmers and exporters from their unfulfilled Soviet grain contracts. The Government will offer some of the grain to hungry Third World nations, use some in a stepped-up gasohol program, and store the remainder until it can be sold without disrupting markets. The price tag for the program may top $4 billion, including the cost of the exporters' contracts, storage fees, and extra support loans to farmers...

Author: /time Magazine | Title: Grain Becomes a Weapon | 1/21/1980 | See Source »

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