Canadians Sell Wheat To Russia
Canada confirms a sale of two million metric tons of wheat to the Soviet Union. USDA says no evidence the deal undermines the U S embargo, while growers warn it could erode the embargo's effectiveness. Officials note timing and allocation will determine impact.
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Foreign Agriculture Services
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National Association of Wheat Growers
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America
Afghanistan
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Canadian Wheat Board
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Agriculture Department
Conferees Forge Plan To Aid Small Savers And Expand NOW Accounts
Washington AP conferees shaped a six year path to raise passbook rates from 5.5 percent toward inflation relief, with regulators to vote on boosts and ultimately no ceiling after six years. The deal also allows thrift lenders more consumer loans and nationwide NOW accounts by year end, seen as a balanced compromise seeking saver relief without crippling thrifts. Fernand St Germain praised the agreement as well balanced and likely to survive votes.
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Federal Reserve Board
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Savings and Loan Association
New England
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Fernand St Germain
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