Word: low
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Dates: during 1970-1979
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...type of loan that Japan wants to extend to China could be repaid partly in the most liquid of China's assets, oil. The trouble with this scheme is that Chinese oil is waxy, heavy and, given its low quality, overpriced. Says the president of one Japanese oil company: "The men in the industry are in an angry mood. They were never consulted. They were simply told they would have to pay the price for Japan-China trade and finance Japanese exports by buying Chinese...
...succeed in this fast-changing, low-margin business, a fellow has to be nimble. Says Jack Neuman, 45, who raises corn, soybeans and hogs in Sangamon County, Ill.: "It used to be that if you had a child who wasn't too bright, you'd say, 'Son, you're going to be a farmer.' Nowadays, if that dumb kid comes along volunteering to farm...
...diverse industry, one farmer's good fortune may result from another's pinch. An agricultural-loan specialist for California's Bank of America asserts: "You'd have to be pretty incompetent not to make money in cattle this year." Reason: a combination of high prices for meat and relatively low costs for corn and other feeds that has corn growers grumbling. Vegetable growers in central Florida are selling big crops of lettuce at prices that have been pushed abnormally high by the winter-spring rains that made California lettuce scarce and unappetizing...
...store crops to prop the price; federal purchases these days are limited to small amounts for foreign aid, school-lunch programs and the like. Instead, the Government encourages farmers to store on their own land any produce they do not want to sell immediately, by offering low-interest loans to build storage facilities. All over the Midwest, shiny new galvanized-metal bins with conical roofs have become as prominent as the traditional white frame farmhouse...
...some extent Uruguay and Brazil) in the early 1970s. Cortzar, who has lived in Paris for some decades, writes in a surreal fashion. The effects can be dazzling - as in All Fires the Fire and Other Stories of several years ago. Here, in a disjointed narrative, he gives a low-key, comic and rather appealing picture of "the Screwery," a band of romantic South American revolutionaries based in France. As the book commences, they are subverting the Establishment by filling new cigarette packages with burnt-out butts, and smuggling cartons of the fakes into bars and tobacco shops...