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...days later, Carter raised annual import quotas from 1.3 billion to 1.5 billion Ibs. Now that seemingly enormous amount works out to 1 lb. per American for the rest of this year and will probably clip a few pennies a pound off hamburger. Beef prices in general are expected to level out or decline a bit in the months ahead. But the psychological blow to ranchers has been devastating. The value of their cattle has dropped $6 billion since Carter's import decision, says McDougal, who adds, "We feel betrayed...
...will probably not be reversed by the Carter Administration's decision last week to let in 200 million more lbs. of imported beef-15% above the present limit-mostly of the kind used in hamburgers and hot dogs. At best that move will keep the price of a pound of hamburger 5? below the level it would have hit at the end of the year...
Equally adept at agronomy and foiling the police, Oregon's pot farmers turned home-grown weed into a profitable racket by developing their unique sinsemillas hybrid. The robust, waste-free strain attracts buyers willing to pay $1,600 a pound, the yield from just one well-cultivated plant. Studies show that sinsemillas weed contains five times more tetrahydrocannabinol (pot's narcotic ingredient) than the common Mexican variety. Even federal drug experts are impressed. "A good deal of expertise goes into producing that kind of plant," notes Dr. Carlton Turner, director of marijuana research for the National Institute of Drug Abuse...
...world surplus of beef anyhow, lifting restrictions would probably bring in no more than 250 million Ibs. of beef on top of the 1.3 billion Ibs. that the nation already imports from Australia, New Zealand, Canada and ten other countries. That would trim perhaps only a nickel a pound off the price of beef by year's end. Even so, Agriculture Secretary Bob Bergland is fearful that an abrupt lifting of controls could have a disastrous psychological impact on ranchers, who would see prices begin to level off and would stop expanding their herds...
...also enmeshed in a web of lawsuits growing out of allegations that it secretly participated in a worldwide cartel to manipulate supplies and raise the price of uranium. Though the cartel's impact on U.S. prices remains uncertain, the world price of uranium has gone from $6 a pound in 1972 to about $44 today. At worst, Gulf, which denies the charge, could be forced to pay $1 billion or more in damages to companies in the uranium business. McAfee predicts that, at most, the various court actions could cost Gulf no more than $360 million. Last week the company...