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...early October, the White House at the last minute blocked a $500 million sale of U.S. grain to the Soviet Union. Then Washington relented and announced that it would approve a Soviet purchase of about $380 million worth, apparently in the belief that the scaled-down deal would not siphon enough grain out of the U.S. to worsen American food-price inflation...

Author: /time Magazine | Title: TRADE: Firming the Soviet Connection | 11/4/1974 | See Source »

...velvet and put down a lover so gently that he never knows what happened until he wakes up on the sidewalk outside her apartment. Valerie can sketch a character with a series of straight lines and give an audience a solid minute of funny faces-without spilling a grain of makeup or a scintilla of style...

Author: /time Magazine | Title: Rhoda and Mary -Love and Laughs | 10/28/1974 | See Source »

...informally controlling grain exports, the Administration hopes to forestall such embarrassments as the "holding in abeyance" on Oct. 5 of $500 million worth of corn and wheat contracted for by the Soviet Union. Having too hastily assumed, on the basis of talks between Ambassador Anatoly Dobrynin and Agriculture Secretary Earl Butz in late September, that the Russians were interested only in "modest" purchases of a million tons or so, the White House was startled to learn early this month that between 5 million and 10 million tons of grain might soon be heading to the U.S.S.R. Ford promptly called...

Author: /time Magazine | Title: EXPORTS: Keeping a Tighter Rein on Grain | 10/21/1974 | See Source »

Cook Industries President Edward Cook said he was told at the White House that halting the grain deal was a "political" gesture and "that if we didn't cancel the sale, Congress would impose [mandatory export] controls." The grain sale was held back on the eve of the Administration's economic proposals, and Ford was clearly not eager to have the inflationary specter of a large grain export dangling before the public-and the Democrats. The Republicans and the nation are still smarting from the "great grain robbery" of 1972, when the Soviets secretly bought up some...

Author: /time Magazine | Title: EXPORTS: Keeping a Tighter Rein on Grain | 10/21/1974 | See Source »

...Sizable grain exports would seem unwise in the light of this year's crop drop. Wheat growers are expected to produce a record of 1.8 billion bushels,-up 4% from last year, but they are the cheerful exception. Floods, drought and early fall frost have sharply reduced crops. The Agriculture Department, which raised the hopes of foreign buyers by grossly overestimating the size of the crop earlier this year, released its latest forecasts last week. The corn harvest may come to 4.7 billion bushels, down 16% from last year; and soybeans to 1.3 billion bushels, down...

Author: /time Magazine | Title: EXPORTS: Keeping a Tighter Rein on Grain | 10/21/1974 | See Source »

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