Word: meats
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Dates: during 1970-1979
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...Nixon Administration has suddenly been forced to consider making yet another fast economic about-face, this time in response to the rapidly rising price of meat. The Government had refused to impose strict price controls on raw agricultural products even during last year's freeze. Last week, though, the President's Cost of Living Council (COLC) got a warning that rising meat prices, especially of beef, could by themselves foil Nixon's desire to lower the inflation rate to 3% by year's end. The bearer of those bad tidings was C. Jackson Grayson, chairman...
...President himself still seemed reluctant to attempt regulation of any food prices at the farm level. During an informal session with newsmen, he reiterated previously expressed fears that such controls, including meat-price ceilings, would lead to black markets. As a guide to the current "direction of my thinking," Nixon suggested that "a temporary lifting of the quotas on imported meat" might increase the supply, and thus drive down prices. That plan would doubtless pose the fewest political problems for the Administration, but Nixon himself admitted that there is currently a world shortage of meat. A lowering of quotas thus...
Ironically, the latest crunch on meat prices came only a day after the consumer price index for May showed that at retail they had fallen .7% below April. However, since it was based on a survey taken in the first week of May, the report was obsolete before it was issued. Over the past several weeks, wholesale beef prices have literally broken through the graph used to record their ups and downs by the Agriculture Department, and these increases are now pushing through to retail meat counters...
...only recommend farm-price controls, but there are less drastic steps that it could take on its own, and members listed some in a private memo. For example, the commission could step up surveillance of supermarket profit margins, try harder to detect possible attempts to sell low-quality meat at premium prices, and insist that stores post more detailed price lists. As a last-ditch measure, the commission could clamp a temporary freeze on retail meat prices, hoping that store owners would then exert anti-inflationary pressure on their supply lines to the farmers...
Buddy's offers a further option: you can order your hamburger cooked to varying degrees of completeness. Even more important, the decision is a Choice, not an Echo. Rare differs from medium; and medium is distinguishable from well-done. Buddy's secret ingredient, I think, is Meat. He uses it and makes his patties thick enough that they are not cooked through by being squeezed in a warm hand...