Word: livestock
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...official accounting of the Johnson family's full fortune, disclosed by Trustee Moursund, indicates that the President personally owns about $400,000 in municipal bonds, ranch land, lake property, livestock and cash. Mrs. Johnson's holdings add up to $2,500,000-the great bulk of it ($2,030,000) in Texas Broadcasting Corp. stock. And the Johnson daughters, Lynda Bird, 20, and Luci Baines, 17, each hold $630,000 in Texas Broadcasting stock and real estate. That totals $4,160,000 for the family...
Rather than give the government unlimited expropriation powers, the legislation scrupulously exempts the large, highly mechanized coastal sugar holdings and efficiently run highland livestock ranches that are vital to Peru's economy. Instead, it aims mainly at haciendas of 3,000 acres and up that do not pay their way, are either uncultivated or marginally productive under present ownership. The landholders-whether private citizens, companies or the Roman Catholic Church-will be paid fair market value for their expropriated land in cash and 18-to 22-year bonds bearing 4% to 6% tax-free interest; livestock, buildings and equipment...
...More List. As Brazil's President from 1956 to 1961, Kubitschek raised farm and livestock output 37.9%, steel production 100%, aluminum production tenfold, oil production fifteenfold; he built the auto industry from scratch toward its present level of 174,000 units a year, added thousands of miles of roads and the new $600 million inland capital of Brasilia. But he also touched off an inflationary spiral and made many enemies with his damn-the-cost drive. After he left office, rumors of corruption constantly swirled around his administration; so far, however, there has been no proof...
...call it "the Peruvian miracle," and by all odds it is one of Latin America's brightest success stories. In 1950, imaginative Peruvian entrepreneurs started netting the immense schools of anchovy in coastal waters and processing the small silvery fish into fish meal, a high-protein poultry and livestock food. So rich was the harvest and so great the demand that plants went up all along the coast. Today, fish meal is the country's biggest industry, and Peru has risen from nowhere to No. 2 rank (behind Japan) among fishing nations...
Traditional Step. The Johnson Administration can do little to lower retail prices, but it will try to close part of the gap between them and livestock prices, as a starter has ordered more beef served in school lunch programs and more distributed to needy families. Cattlemen meanwhile are taking a traditional step toward the same end: an estimated 2,000,000 head are being held back from market. But a paradox lies here too. Bad weather or economic pinches could force cattlemen to dump the held-back cattle, thus tumbling prices even lower than they...