Word: grains
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Dates: during 1960-1969
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...very notion of conscription rubs against the American grain. Yet in 1966 the U.S. has maintained its draft system almost uninterruptedly for a quarter of a century, the longest period of compulsory military service in the nation's history. Last week Lieut. General Lewis Elaine Hershey, 72, who has directed the present selective service since its inception, acknowledged mounting criticism of the draft but maintained that current criteria, and the 4,050 local draft boards that apply them, are the only workable formula for deciding who should go into uniform...
...trick is to know how long to hold a contract and when to sell. Prices rise sharply on good news, fall in a matter of minutes on bad news, and gyrate with changes in weather forecasts. Last week's action was generated largely by reports of reduced grain surpluses and the Soviet purchase of Canadian wheat. Two weeks ago, Vice President Humphrey caused a 3% jump in soybean futures by revealing in a speech to farm editors that the soybean surplus this fall will be only 32 million bushels, or a two-week reserve, rather than the 48 million...
...again in 1965. Russia turned to the West last week to replenish its perilously low stock of grain. The Soviets swallowed their pride and contracted to pay Canada $744 million cash for 336 million bushels of wheat over the next three years. With that and its recent deal to sell 250 mil lion bushels to Red China, wheat-rich Canada has committed to the Commu nist countries practically all its remaining grain surplus until...
...uses irrigation, for the simple reason that the method is so costly that other nations prefer to grow more profitable crops and buy the wheat abroad. But the Soviet Union is apparently so set on self-sufficiency that it is willing to pay almost any price for home-grown grain...
...attitude toward nearly all the problems of the Yugoslav economy. Alone among Red peoples, Yugoslavs may freely travel to the West. Many do, and stay to work, but they send $60 million back home each year. Nearly 87% of the land in Yugoslavia is still privately farmed. "We exported grain last year," shrugs a Belgrade official. "How many other socialist countries export grain?" The government is in the process of handing over more and more independence to local factory management. "Within five years," says a Belgrade economist, "our factory managers will control, without state interference, the spending...