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...past three years, Washington's policy toward U.S. grain sales to the Soviet Union has been flawed in one important way. The only real policy has been to let the Soviet government play the free U.S. market by negotiating with private grain exporters: the Soviets had no obligation to say how much they wanted to buy, and Washington, though informed of the deals, might or might not choose to impose any limits. Soviet demands have bounded erratically from as little as 1.8 million metric tons last year to 10.2 million tons so far this year. The Soviets would like...

Author: /time Magazine | Title: TRADE: Avoiding a Grain Drain | 9/22/1975 | See Source »

...ironic that George Meany and the labor unions should be critical of the export of American grain [Sept. 1] on the grounds that the sale will drive prices higher. I can't think of any American group whose actions and demands have been more inflationary...

Author: /time Magazine | Title: Forum, Sep. 15, 1975 | 9/15/1975 | See Source »

...Ships. Clearly, many Americans are persuaded that the U.S. is being had once again. Meany has called the Soviet grain buying "just a rip-off of the American consumer" for the sake of a "phony" détente. But he also shares a specific concern of the maritime unions: shipping arrangements. The dock workers are still angry about 1972, when the bulk of the 24 million tons of grain and soybeans sold to Russia was shipped in vessels belonging to foreign countries. This time the unions want Administration assurances that 50% of the Russian-bound grain will move...

Author: /time Magazine | Title: GRAIN: Meany's Rebellion | 9/8/1975 | See Source »

Meany is particularly irritated by the secretiveness of the Soviets in their dealings with individual U.S. companies. He favors a scheme whereby the Government would buy up grain and sell directly to Russia; and, according to one of his aides, he wants the Russians to "negotiate civilized contracts over a number of years rather than wreck our economy and prices." On that score, Meany clearly has a point. Again this year, the Russians reportedly planned their American grain purchases carefully, in order to get their ships' charters nailed down before word of the deal could get around and drive...

Author: /time Magazine | Title: GRAIN: Meany's Rebellion | 9/8/1975 | See Source »

...said that Soviet purchases so far will lift retail food prices, already up 3.8% since January, by no more than another 1.5%; he now believes that the Russians could buy another 10 million tons without increasing prices much further. Meanwhile, some Administration economists fear that this year's grain sales could lead to a price surge in 1976. If grain stocks are low going into the new year and something should then happen to 1976 crops, grain and consequently food prices could shoot...

Author: /time Magazine | Title: GRAIN: Meany's Rebellion | 9/8/1975 | See Source »

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