Word: wheats
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...Marianas, to which Saipan belongs, have 12% of the trust territory's population, but receive 32% of the territorial income. The Marianas also eagerly accept all kinds of federal aid, including free medical care and bulk food grants of commodities like wheat. "It's sort of a welfare state," says silvery Erwin Can-ham, the Marianas' resident commissioner and a former editor of the Christian Science Monitor, who will return to the U.S. later this month. "If I tried to eliminate the free surplus commodities, I'd have a lynch mob down here...
...spilled about $18 billion into foreign markets. And a dollar excess, like a wheat excess, drives down the price. As TIME'S European economic correspondent, Friedel Ungeheuer, reports from Brussels: "No one is saying that the U.S. economy is not sound. It's probably the soundest around anywhere...
...necessarily go up when the price goes down. The U.S. is a major exporter of commercial jet aircraft and computers. But overseas customers buy them on the basis of quality and need, not price. Much the same is true of another major U.S. export, agricultural goods. The quantity of wheat that American farmers sell to Japan or the Soviet Union depends less on price than on the state of harvests around the world. U.S. exports of machinery and consumer goods do benefit from lower prices -but their prices were competitive with those of foreign products before the dollar...
...likely river crossing, by a canny settler of the Texas Republic's northern Indian frontier. Roads and rails soon branched away from the site, and Dallas began to do big business in buying, selling, managing and shipping the goods of the Southwest. In succession came buffalo hides, cotton, wheat and oil, banks to make loans for a percentage of the profits and insurance companies to underwrite them. It is a city of wealth wrought with sharp pencils and calculating minds...
...ballad which affected me most was probably that of Zahran, the hero of Denshway. Denshway was only five kilometers away and the ballad dealt with a real incident. British soldiers were shooting pigeons in Denshway, the ballad goes, when a stray bullet caused a wheat silo to catch fire. Farmers gathered and a British soldier fired at them and ran away; they ran after him and in the ensuing scuffle the British soldier died. Many people were arrested. Scaffolds were erected before sentences were passed; a number of farmers were whipped, others hanged. Zahran was the hero of the battle...