Word: ibs
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While many a dairyman and grain farmer fretted about sagging Government price supports, wool growers had much to be thankful for last week. The Agriculture Department announced a guarantee of 62? a Ib. for the 1955 wool clip, 17% above the current support level and a generous 106% of parity. The bigger subsidy, authorized by congressional revision of the Wool Act last summer, was designed to spur wool output to 300 million Ibs. annually from a near-record low of 230 million Ibs. this year...
...contrast, the tone of Holland's visit to Chile was somber and serious. President Carlos Ibáñez, bucking an anti-Administration majority in Congress, has been helpless to curb Chile's feverish inflation. Of a comprehensive economic program he offered. Congress passed only a sales tax. Unionists, 520,000 strong (in a country of 6,100,000), reacted to that with strikes. Starting in August, copper miners closed down the big mining industry, and government revenues from copper exports vanished. Ibáñez forced the miners back to work by threatening to draft them into...
...four hours with Ibáñez and his chief ministers, Holland got a restrained rundown on Chile's plight. They asked for no U.S. aid, but Chilean economists later told him that at November's hemisphere conference in Rio they will seek creation of a new development-loan bank and price supports for Latin American raw materials. Holland spoke up for broadened trade and private investments, and departed, soberly, for Bolivia...
...Pentagon. Remote U.S. bases, especially those in the Arctic, burn up vast amounts of oil for heat and diesel-generated electricity at a cost that sometimes reaches $42 a barrel. Using the reactor and its enriched uranium fuel, the Pentagon could free ships and planes for other duties; 1 Ib. of easily transported uranium contains as much energy as 6,350 barrels of fuel oil. AEC has another outlook on the project. Said one AEC physicist: "We are buying information as well as electric power...
...each day, last year downed an estimated 100 billion cups, worth more than $1.9 billion. But America's most popular drink also produces some of its biggest price headaches. Within three short months last winter, housewives found retail coffee prices suddenly shooting up from 91? a Ib. to an average of $1.31 (TIME, April 12). Just as suddenly last week, coffee started plummeting, with industry-wide price cuts up to 18? a Ib...