Word: important
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...White House problems, Long led a congressional delegation to the White House last week to press for sugar import fees and quotas. Said he: "If I went to my cane farmers and said something nice about President Carter, I would be lucky to get out with my hide." The President was conciliatory and promised to take a personal hand in finding a compromise to end the controversy...
...second year in a row, an international financial consortium made up of the U.S., Saudi Arabia, the World Bank, the International Monetary Fund and several European countries has agreed to a multibillion-dollar aid package covering Egypt's foreign-currency needs. Though that will allow Sadat to import enough wheat to keep his people fed, they still hunger for the peace-borne prosperity he has led them to expect. Says one White House official: "If we can't get the negotiations process restarted now, Sadat may have to take a walk. If that happens, it may take another...
...hard-pressed country. If its spat with Peking becomes semipermanent, as seems possible, Hanoi will have to lean harder on its Soviet crutch. This month, for example, Viet Nam did not have the cash reserves to pay for the 2 million tons of rice it needs to import this year...
...supply and demand levied a heavy fine on the supermarket shopper. When average prices of beef cuts jumped from $1.63 per lb. in March to $2.09 per lb. in June-far faster than the cost of living-Jimmy Carter's advisers urged him to open the import gates...
...days later, Carter raised annual import quotas from 1.3 billion to 1.5 billion Ibs. Now that seemingly enormous amount works out to 1 lb. per American for the rest of this year and will probably clip a few pennies a pound off hamburger. Beef prices in general are expected to level out or decline a bit in the months ahead. But the psychological blow to ranchers has been devastating. The value of their cattle has dropped $6 billion since Carter's import decision, says McDougal, who adds, "We feel betrayed...