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...with a new interim peace agreement apparently in the offing, the Israelis were once again on the receiving end of U.S. largesse. A team of four high-level Israeli economic experts was summoned to Washington to discuss an aid package of military support, grants and economic assistance whose price tag has risen from $2.5 billion to $3.25 billion. One State Department official had no hesitation in characterizing this sum-most of it in the form of an outright grant that Israel will not have to repay-as a "reward" for the new peace agreement. Of the additional $750 million...
Moreover, as the dollar's value shrivels, the cost of foreign imports into the U.S. swells, contributing to American inflation. A fully equipped Volkswagen Rabbit, for instance, can now carry a price tag of nearly $4,000-as much as a medium-sized Ford Granada...
...would be to take the nation "back into the dark ages of farm policy." Indeed, for four decades Government policy consisted of a labyrinth of props under income that expanded until it cost taxpayers $4 billion in 1972. By overhauling the old system, the Nixon Administration trimmed the price tag to about $500 million last year. Unless Congress can now override a presidential veto of the 1975 bill-which seems unlikely-the cost of farm supports may well continue to decline...
...Project Jennifer trip necessary? Would it have been worth its high price tag if the entire submarine had been recovered? Some congressional critics of the CIA last week said no; Senator Frank Church suggested that the agency had wasted money on the project, saying, "No wonder we are broke." By contrast, a top CIA official insists that had the project succeeded, it would have been "the biggest single intelligence coup in history...
About a month ago, a friend of mine gave me a book on Jean Dubuffet. I haven't looked at it much, except to notice that he left the price tag on it, and that the stuff shown inside looks very bizarre. At any rate, the Rolly Michaux gallery is showing gouaches, lithographs and aquatints by Dubuflet Calder and Miro (who I'd at least heard of before) through March 21. Calder is mostly known for his mobiles, copies of which have a tendancy to end up in banks. The gallery is at 125 Newbury St. in Boston...