Word: grained
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Longo's policies paid off. The Lavoro, which makes loans on everything from grain crops to Gina Lollobrigida movies, is now the world's eighth largest commercial bank. It has assets of $7.05 billion, last year earned $11,136,000 from the operations of 205 domestic and ten overseas offices...
...Madison Avenue may create less-than-essential needs, from deodorants to wigs, but somehow, somewhere, products must appeal to genuine human wants. Yesterday's luxury is today's necessity, and tastes are real even if they are acquired tastes. "The biggest waste in our society is feeding grain to animals," says Harvard Economist Thomas Schelling. "We lose nine-tenths of the calories in the grain. As for the proteins, we could easily get all we need out of soybeans. But we like the taste of meat, and we can afford to produce it. Is this waste...
...Grain shortages have increased the price of flour; consequently, bread prices have risen 7.5% since January. The steep price of feed grains for livestock has also contributed to an appreciable increase in meat prices. At the same time, ranchers have stepped up their slaughter of dairy cattle-to reduce feed expenses, take advantage of high meat prices-with the result that milk prices are up 7.9% this year...
...ancient Hebrews, the grain rust that so often attacked their crops was nothing less than God's punishment for their sins. The Romans, who knew the same agricultural scourge, placed a special god in charge of it and prayed to him for mercy. In King Lear, Shakespeare blamed rust's presence on a "foul fiend" named Flibbertigibbet. Whatever its origin, the fungus is still thriving; its red, yellow and orange splotches on stems and leaves cause a grain-crop loss of hundreds of millions of dollars every year. And every time that modern agronomists breed a resistant grain...
Against the day when 6-105 and other thriving strains fall victim to new mutants of rust, Wahl is already working with Israeli Geneticist Daniel Zohary to breed fungi-resistant grain strains that will, like plasma in a blood bank, be immediately available for sowing in areas hard-hit by rust epidemics. They have already found new wheat and barley strains that are apparently resistant to rust. Says Wahl: "We must build up a bank rich in strains so that we are never again caught by a scavenger like...