Exports Up But Surpluses Still Dominate Grain Market
The Agriculture Department forecasts a 22 percent rise in wheat exports to 29.9 million tons and a 16 percent increase in corn exports to 49 million tons, yet world stockpiles and global surpluses overshadow the gains. Officials warn of potential trade frictions, subsidies, and a need for freer markets as a new farm law rolls out and export tools like subsidies come under scrutiny.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
U.S
Tober
United States
European Economic Community
Turkey
EEC
Richard E. Lyng
Agriculture
Frans Andriessen
Vancouver
Canada
Leo Mayer
Department
Foreign Agricultural Service
Mayer
Senate Tax Plan Cuts Taxes for Many in Broad Overhaul
The Senate tax plan would cut a typical 35 000 dollar family’s taxes by about 129 dollars yearly while those earning over 200 000 dollars would save nearly 5892 dollars. The bill trims top rates from 50 to 27 percent and would remove or reduce many deductions, with 6 million lower income people swept off the income tax rolls.
MENTIONED IN THIS ARTICLE
Washington
Senate
Senate Finance Committee
Finance
Committee
NLRB backs GM UAW accord to revive U S car making
The National Labor Relations Board on Monday effectively dismissed a complaint over General Motors and the United Auto Workers cooperation pact for the Saturn plant. The plan, valued at $3.5 billion, seeks to boost domestic auto production to compete with Japanese imports.
MENTIONED IN THIS ARTICLE
Washington
General Motors Corp
United Auto Workers
National Labor Relations Board
UAW
Saturn plant hiring dispute stirs union rights debate
The Tennessee Saturn facility near Spring Hill plans 6,000 new jobs and a low price line under $10,000. NLRB General Counsel Rosemary Collyer ruled the UAW transfer rights into Tennessee are a legally protected bargaining result, despite Right to Work objections. Clayton Roberts vows appeal as UAW officials defend the move to curb imports and protect U.S. industry.
MENTIONED IN THIS ARTICLE
U.S
Nissan
Toyota
Honda
National
Right To Work Legal Defense Fund
UAW
Saturn
Spring Hill
Tenn
NLRB
Rosemary Collyer
Tennessee
Soviet doctor reports Chernobyl deaths rise to 25
Moscow officials confirm two more deaths from the Chernobyl disaster raising the toll to 25. About 100,000 people were checked after the April 26 explosion and 18,000 hospitalized then released as not suffering radiation sickness.
MENTIONED IN THIS ARTICLE
Moscow
Chernobyl
Leonid Ugin
Iyin
Soviet Institute of Biophysics
Ilyin
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