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Perhaps Gerstenberg spoke too soon. The day after he gave his speech, Chevrolet dealers were notified to prepare for the biggest recall yet of the sub-compact Vega, one of the little cars that were introduced with much promise as America's answer to the import invasion. It is the third embarrassing time within three months that Chevy has had to issue Vega recall notices. First, drivers discovered a faulty fuel and exhaust system that could start a fire in the carburetor. Then a poorly designed bracket for holding an antipollution device caused some throttles to stick...
...meat, Nixon also removed the import quotas for the rest of this year. It is questionable whether that will make much of a difference in meat prices. On a per capita basis, imports last year accounted for only 11 Ibs. of the average 192 Ibs. of meat eaten by Americans. Imports have been low partly because of quotas and partly because of quality. While Americans savor the well-marbled steaks and tender roasts that come from grain-fed cattle, foreign ranchers generally raise grass-fed cattle, which produces leaner meat. In the U.S., imported beef is usually ground up into...
Nixon might have tempted foreign ranchers to sell more to the U.S. if he had permanently lifted the protectionist, inflationary import quotas. That action, however, would have been bad electionomics because it would have endangered his farm vote. But if prices do not taper off soon, the President may have to swallow hard and put controls on the prices that farmers charge. Farmers would undoubtedly howl that the Government was trampling on free enterprise. Yet they seldom complain about all the controls and subsidies that prop up prices in agriculture, which is one of the most highly regulated and protected...
...heat their homes in winter, more electricity to cool them in summer. The U.S. now burns up the equivalent of 1.9 billion tons of fossil fuel every year (30% of the world's consumption) but produces only 1.7 billion tons-and the gap is widening. It must import the rest. Says S. David Freeman, former energy expert for Presidents Johnson and Nixon: "Our rates of consumption are so large that we can see the bottom of the barrel...
...ceremony almost every day. It had all been stage-managed carefully and the accords had been worked on for months or even years. Theoretically, they could have been revealed to the world without the Kremlin spectacular. Yet the way in which they were signed and sealed gave them special import...