Word: sugaring
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Dates: during 1970-1979
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...Price fixing in the uranium market is illegal. But with the blessings of Frank Church and one-third of his Senate colleagues, 13,000 sugar farmers [June 12] are going to do essentially the same thing. I imagine that if Senator Church were queried about the interests of the average American, he would appropriately reply: "Let them eat cake...
...plus U.S. sugar farmers whom President Carter's advisers (and, apparently, TIME) are willing to assign to bankruptcy, produce 55% of this country's annual demand for sugar. They provide important protection for U.S. consumers against the instability of supply and wild price gyrations that characterize the world sugar market...
...Carter rejected suggestions for import quotas and adopted a temporary program to pay producers up to 2? per lb. whenever the price of sugar dipped below 13.5? per Ib. The program was to stay in effect until Congress approved the International Sugar Agreement to stabilize world prices at between 15? and 19? per Ib. through Government stockpiling. Instead, Congress amended the farm bill, which became law Oct. 1, with a program of loan supports, tariffs and import fees intended to satisfy producers of both kinds of sweetener...
Since then, charge Congressmen, sugar growers and corn fructose producers, the Administration has dragged its feet in implementing the amendment. Tariffs were not imposed until November, and even then there were big loopholes that allowed foreign sugar to flood the U.S. market in December (TIME, March...
...White House problems, Long led a congressional delegation to the White House last week to press for sugar import fees and quotas. Said he: "If I went to my cane farmers and said something nice about President Carter, I would be lucky to get out with my hide." The President was conciliatory and promised to take a personal hand in finding a compromise to end the controversy...