Word: wheats
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Dates: during 1990-1999
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More fundamentally, decades of U.S. trade deficits have sent hundreds of billions of dollars sloshing around the world, and the oversupply, like an oversupply of, say, wheat, drives down the price. In particular, the U.S. trade deficit with Japan creates a constant pressure against the dollar. Japanese companies regularly sell the dollars they earn trading with the U.S. for yen to pay off workers, stockholders and creditors in Japan. The pressure might be eased by a Tokyo government with the will and staying power to negotiate a trade deal that would reduce Japan's trade surplus with...
...International Maize and Wheat Improvement Center (CIMMYT) in Texcoco, Mexico, has developed new strains of corn that can increase crop yields up to 40% in regions plagued by droughts and acidic soils. One-half of the 150 million acres of corn planted in the developing world are subject to periodic drought; CIMMYT scientists estimate that the new strains could feed an additional 50 million people annually...
Numerous round tables spaced throughout the ballroom contained bountiful spreads of wheat crackers, yellow corn tortilla chips, cubes of various white and orange cheeses, and salsa...
...retaliation might threaten a market for U.S. exports in aircraft, telecommunications equipment, wheat and other food products that is expected to grow enormously in coming years. Chief executives of seven of the biggest U.S. companies doing business with China signed a letter to the President estimating that "in 10 years our cumulative sales to China will reach $158 billion, assuming normal relations." Clinton evidently got the message: in discussions with his advisers, he repeatedly ticked off the exact dollar losses for Boeing and McDonnell Douglas airplane makers -- and the electoral votes he could put at risk in states crucial...
...that story was changing. David Kendall, the Clinton's personal attorney, announced that the second account had shown a previously unreported gain of $6,498 on trades in copper, sugar, wheat and lumber futures. The Clintons, he said, would immediately pay $3,315 in back taxes and $10,134 in accrued interest to the U.S. Treasury and $514 in taxes and $652 in interest to the state of Arkansas. Employing a phrase that became notorious during Watergate, John Broder of the Los Angeles Times wryly asked if the previous explanation had become "inoperative." John Podesta, the White House staff secretary...