Word: midyear
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Dates: during 1970-1979
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...series of disastrous crop failures in 1972, caused by phenomenally foul weather round the world, aggravated shortages of wheat, corn, soybeans and other animal feeds. Bumper crops now in prospect in the U.S., the Soviet Union and Australia should at least slow the blistering rise in food prices after midyear...
...meeting last week, the Board members revised only slightly their specific forecasts for 1974. Several who had looked forward to an upturn starting at midyear now think it will be delayed until the fourth quarter. That will produce only 1% real growth or less-.3% says IBM's David Grove. But most cling to forecasts that unemployment will peak at about 6% (Nathan, an exception, guesses 7% or more) and that consumer prices this year will average close to 9% higher than in 1973. Though scarcely cheery, those latter predictions are little worse than those made a few months...
...stirred his biggest ruckus just two days after President Nixon fired Archibald Cox. Smith condemned "this defiant flouting of laws and courts." The Louisiana Bar Association voted to censure Smith for his stand. Last week, at the A.B.A.'s midyear meeting in Houston, halfway through Smith's twelve-month term in office, some delegates were still grousing about "Chesterfield's outspokenness." Smith's Watergate stance, said Texas Bar President Leroy Jeffers, was an intemperate "catering to the popular passions of the time. Let American lawyers be no part of such rotten and shabby business...
...risen sharply. Just for good measure, the energy crisis has added at least one new woe: farmers are currently facing a critical shortage of fertilizers made from natural gas. As a result, consumer food costs now are poised for another big takeoff and will probably keep climbing until midyear...
...addition, all the ups and downs of controls last year caused cattlemen and hog raisers to limit production sharply. That means that meat prices will stay high or even rise in the months immediately ahead because the number of steers and hogs reaching market will not increase much before midyear. Whether there will be any appreciable drop in prices after that is uncertain. The most optimistic prospect is that food prices at the end of the year might be only moderately higher than today...