Word: grains
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Dates: during 1980-1989
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...Soviet grain deal...
...This is a happy hour," beamed Secretary of Agriculture John Block last week. The reason for his exultation was a new five-year U.S.-Soviet grain agreement, the first since 1976. Negotiated in London, Vienna and Moscow during the past two months, the deal raises the annual minimum Soviet grain purchase required under the earlier agreement from 6 million to 9 million tons. That means a boost for farm exports, but nowhere near the 16 million tons the Americans had originally wanted. Yet Block said the accord achieved "reasonable expectations" and "puts us in a better place to sell...
DIED. Arthur M. Wirtz, 82, hard-nosed real estate and sports magnate; of cancer; in Chicago. A policeman's son who made a Depression fortune by buying up bankrupt properties, Wirtz joined Grain Speculator James Norris to take control of Chicago Stadium in 1935, filling the arena with his own ice revues, his hockey Black Hawks and the basketball Bulls, of which he was part owner. The Wirtz-Norris interests gained such a stranglehold over boxing-promoting 90% of all championship bouts in the U.S. between 1949 and 1955-that a federal court ordered their International Boxing Clubs dissolved...
...acute. In a recent poll, 89% of Japanese described themselves as happy with their lives. The present undoubtedly looks handsome compared with the bleak aftermath of the war. Many of the men who are now in the middle management of Mitsui and Mitsubishi were babies being fed a grain of rice at a time in 1946. Morita and Masaru Ibuka founded Sony that year by scrounging around the fire-bombed ruins of Tokyo for parts with which to build broadcasting equipment...
...making major decisions. The most notable example occurred in 1971, when, without advance warning, President Nixon devalued the dollar and slapped a 10% surcharge on all dutiable imports to the U.S. Two years later, the U.S. limited the export of all soybeans in order to avert a livestock feed-grain shortage, without realizing that this would cause concern in Japan, where soybeans are a principal source of protein...