Word: wheat
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Dates: during 1960-1969
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...closer to the Common Market, with a statement that his government "would be ready to enter the European Economic Community provided essential British and Commonwealth interests were safeguarded." His Common Market pronouncements during the election campaign had baldly demanded that British conditions for entry-such as freedom to purchase wheat and sheep from Canada and Australia without import levies-be met before he would consider membership. Then came the little firecracker that almost everyone expected, even though many wondered why it should be lighted...
Food stockpiles at home have shrunk $1.3 billion (to $6.7 billion) since 1960, now consist of 818 million bu. of wheat, 55 million tons of feed grains, 7.7 million cwt. of rice, and 126 million Ibs. of dried milk. Pointing out nonetheless that domestic commodity stockpiles "must be large enough to serve as a stabilizing influence and to meet any emergency," Johnson asked Congress to authorize establishment of reserves for certain strategic commodities. Such reserves, he said, would be built up and maintained by Government purchases on the open market rather than relying on accumulation through subsidies and price-support...
...fund, which is kept separately; he also maneuvered his forest and public-road expenses from the general budget to the highway trust fund, thereby chopping another $42 million from the budget normally seen by the public. Food for Peace spending was cut $162 million, on the pure hunch that wheat and cotton prices will be lower next year. The President also said that he will reduce farm price supports by $145 million and space research by $300 million-even though in this year's budget those items ranged above estimates by $450 million and $500 million...
...famous rail rate parity case, which had previously enabled Philadelphia, Norfolk, and Baltimore to receive more advantageous rates to and from the Midwest. Recent mergers have not favored Boston, and a dramatic example of railroad trouble occurred this winter when Boston was unable to ship government wheat to India because the two city's grain elevators, both leased by railroad companies, had been closed down. The advantage of railroad proximity to piers (in Boston cargo can be loaded directly onto railway cars) has become less valuable since truck transport now accounts for 80 per cent of the traffic...
...fork-tailed devil." Making Hudsons for the British before the U.S. entered World War II, Lockheed ran into the U.S. Neutrality Act, which forbade either U.S. or British citizens to ship or fly the planes from the U.S. to Britain. Court Gross helped devise a stratagem. Lockheed bought a wheat farm on the North Dakota-Canada border, flew its bombers there from the Burbank assembly line, hitched them to teams of horses. The horses, supposedly not subject to the laws of man, drew the planes across the boundary. Canadians unhitched the animals, let British pilots ferry the aircraft...