Word: traded
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Dates: during 1970-1979
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...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...
...purges and upheavals and was briefly President of the U.S.S.R. (1964-65); after a long illness. Son of an Armenian carpenter, Mikoyan studied for the priesthood before joining the Bolsheviks in 1915. One of Stalin's most trusted ministers, Mikoyan became known both as a tough, wily trade negotiator well versed in capitalist business practices and as a skilled organizer who directed the evacuation of Soviet industry during World War II. After Stalin's death in 1953, he allied himself with Nikita Khrushchev, eventually serving as one of the party chiefs Deputy Premiers. During the Cuban missile crisis...
...fields must be something new in the 10,000-year history of agriculture. But in the U.S. of 1978, Pat Benedict is archetypal of the farmers who make U.S. agriculture the nation's most efficient and productive industry and by far the biggest force holding down the trade deficit. Revolutionary changes are sweeping the croplands, making agriculture an increasingly capital-intensive, hightechnology, mass-production business. As a result, U.S. farmers are dividing into two distinct classes. Small farmers, who do not have the technical expertise, are rapidly leaving the land. Large farmers, like Benedict, who know how to use credit...
Washington also could help all farmers?and the world?by pushing agricultural exports even harder. For example, U.S. negotiators at the world trade talks in Geneva might insist that the nation will do nothing to open the U.S. market wider to European and Japanese goods unless industrialized nations let in more American-grown food. The Government might also expand its aid?$10 million this year ?to farmers who organize cooperative groups that develop foreign markets. One tempting target: China, which has just begun to buy U.S. meat and grain and could use more. Carter has signed...
...next January if that would be better for tax purposes. All of which should stir pride in the ghost of William Jennings Bryan, who insisted in his 1896 cross-of-gold speech that "the farmer ... is as much a businessman as the man who goes upon the board of trade and bets upon the price of grain...