Word: wheated
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...good show of short-term strength, yet its long-term value is arguable. Says Richard Kjeldsen, senior international economist for the Security Pacific National Bank: "I cannot think of a single unilateral embargo that has been effective. Nor can I think of an instance in the past when wheat-producing countries have actually got together to function in some concerted, cartel-like operation. An embargo on grain shipments is simply a very leaky boat...
Quite the contrary, say skeptical U.S. Government economists and Western experts in Tehran. Iran has found more than enough alternative sources of food; for example, the Australian government supports the U.S. on the hostages but has continued its exports of meat and wheat to Iran, which this year will total $140 million. Similarly, Iran is importing eggs from Turkey, poultry from Rumania and rice from Thailand. Tehran is making up for the cutoff of U.S. medicines by buying some 600 pharmaceutical items from Japan, ranging from aspirin to antibiotics. It is importing U.S.-manufactured oil-drilling equipment from Rumania...
...some twelve-inch splits of coarse grained red oak. He has watched the ancient oven thermometer, as reliable as the day it was made 80 years ago, climb to 425° F. That's a little high. Fiddle with the damper. Now pop in three bread pans full of cracked-wheat dough...
...defense outlays ($1.4 billion this year) until the last of the Sinai is returned after 1982, so he must trim the huge subsidies ($1.7 billion) used to hold down the cost of food and fuel, a vestige of Nasser-era socialism. Despite big hikes in the cost of imported wheat (Egypt produces less than 30% of its needs), bread has been held to 1?; a loaf, the same as in the 1930s and a fifth of the real cost...
...disastrous 1979 grain harvest. Largely because of bad weather, Brezhnev announced, this year's crop amounted to only 179 million tons-47 million tons short of the target, and the worst harvest since 1975. The U.S.S.R. has already contracted to buy 25 million tons of American wheat and corn and will probably purchase at least 7 million tons from other countries. Soviet production of oil, natural gas and electric power also fell short of targeted goals in 1979, which Brezhnev aptly described as "a very difficult year...