Word: grained
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...Democratic road show settled into Miami Beach for a week's run, the Administration managed a few deftly staged production numbers of its own, each designed for a special audi ence. For the nation's farmers, there was the news of a $750 million grain sale to the Soviet Union. For the aerospace industry, there was a $150 million export license granted to Boeing permitting the sale of ten 707 jets to China. For the oldsters, there was Richard Nixon's signature on a bill increasing Social Security benefits by 20% ; he protested that its effects would...
...dozens of U.S. firms returned from a high-level meeting in Warsaw aimed at substantially increasing U.S. trade with Eastern Europe. Then, at week's end the White House announced a blockbuster: the Soviet Union has signed a threeyear, $750 million agreement for the purchase of American grains-on terms extremely favorable to the U.S. It was the largest grain deal ever made between two countries...
...Russians need grain because their own harvests are not expected to fill quotas set in the current Five-Year Plan, especially for feed-grains used in meat production. Under last week's agreement, which was announced at the Western White House by National Security Adviser Henry Kissinger, Moscow can buy any combination of U.S. wheat, corn, sorghum, rye, oats and barley that it chooses, at the going market rate. The Soviets' biggest concession was to accept the same financing that the Agriculture Department's Commodity Credit Corporation gives any other customer: 6⅛% annually, with the entire...
...capita basis, imports last year accounted for only 11 Ibs. of the average 192 Ibs. of meat eaten by Americans. Imports have been low partly because of quotas and partly because of quality. While Americans savor the well-marbled steaks and tender roasts that come from grain-fed cattle, foreign ranchers generally raise grass-fed cattle, which produces leaner meat. In the U.S., imported beef is usually ground up into hamburgers and hot dogs...
...than a heavy seller, distillers can win back much of their $2 billion investment. They can mix light whiskey into regular blended whiskies, so long as they do not call them "light." Says William J. Marshall, president of the Bourbon Institute: "The distillers can use light whiskey instead of grain alcohol to smooth out the premium blends and put on a label saying that the product is four years...