Word: wheated
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...fuel and food account for about half of the present inflation. But oil prices are dictated by the OPEC cartel, and food prices have been sent skyward by capricious weather. A combination of heavy spring rain, summer drought and early fall frost has already reduced crops of corn, wheat and soybeans, boosting the cost of everything from bread to salad oil, and feed for cattle and hogs. In August alone, the wholesale price of farm and food products rocketed 7.6%, and some Government economists believe that retail food prices could go on rising at close to 15% throughout much...
...when the U.S. attempted, unsuccessfully, to limit its agricultural output, the purpose was to prevent market prices of food from falling below farmers' cost of production in order to keep the farmer in business?an argument that hardly applies to OPEC. Since 1960, when the cartel was founded, the wheat that OPEC nations import, the planes they buy for their airlines, the steel they use for their industries and the American limousines that some sheiks enjoy, have increased in price much less than oil (see chart page...
Ronald Ziegler conducted a noninformative press conference: every word on Nixon's hospitalization, down to what he was eating (hospital fare, except for some wheat germ from San Clemente), had to be approved by the patient. His physician, Dr. John Lungren, seemed to delight in being obscure and evasive. After announcing that a blood clot had been discovered in Nixon's right lung, Lungren said that the ex-President's condition was "potentially dangerous but not critical at this time." But he flatly refused to speculate on how long the recuperation would take...
Actually, the U.S. has relatively limited economic clout against the oil-producing nations, as Ford well knows. The oil countries depend on the U.S. for wheat, corn and tobacco generally, but they could get these from alternate sources. They do buy American petroleum-industry equipment, but for the U.S. to embargo such exports would be self-defeating. If the U.S. held back on sales of armaments or commercial aircraft, two major export items, the Arabs could easily find substitutes elsewhere, albeit of lower quality in many cases. The most compelling U.S. argument is actually an appeal to Arab self-interest...
...ignored because the fiber supplies no calories and has scarcely any nutritional value. Now, if the scientists' findings are confirmed, the time has come to rely not on commercial chemical laxatives but on nature's own brands -root vegetables, unpolished rice and such other unprocessed cereals as wheat, corn, barley and oats-to put fiber back into the diet of modern...