Word: banana
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...hurly-burly world of real estate, no one fancies himself a bigger operator than smooth-talking William Zeckendorf, president of Manhattan's Webb & Knapp. Says Zeckendorf: "I like to turn peanuts into bananas." Last week, reaching out for a new piece of fruit, Top-Banana Zeckendorf bumped into another big operator. In the collision, Zeckendorf's feet went skidding out from under. Zeckendorf's opponent: Conrad Hilton, who in about a dozen years has risen from an obscure Southwestern innkeeper to a position as the world's biggest hotelman (TIME...
Sponsored by two Paris newspapers, Parisien Libéré and L'Equipe, the 51-year-old classic took an anxious four months of preparation. At every stop on the route, Advanceman Elie Wermelinger, onetime Ivory Coast banana planter, had to prepare food and lodging for no competitors, plus an army of 1,400 managers, trainers, handlers, masseurs, timekeepers, mechanics and assorted camp followers. Bawling, cursing and exhorting, Wermelinger careened across France, waging a one-man war to bring temporary order out of wild, Gallic confusion...
...million United Fruit Co., biggest business in the Caribbean. Under the Sherman Anti-Trust Act, the Department of Justice charged the company with operating a monopoly. In a civil suit it demanded that United Fruit 1) break up its present structure, and 2) give competitors a chance in the banana business...
Economy. Though legendarily a "banana republic," Guatemala actually grows six times as much coffee ($70 million worth a year) as bananas ($12 million yearly). Other exports: chicle, mahogany, essential oils. The U.S. buys 76% of Guatemala's products, sells Guatemala 64% of all that she buys. By paying high prices for coffee, the U.S. helps Guatemala keep the currency at par with the dollar, and the government budget healthy. Communist agitation has ruined a flourishing tourist trade once worth $2,500,000 a year...
...already sent destroyers to scour the seas off Guatemala, shadowing and photographing ships and challenging them for identification. Only vessel so far stopped (by a comic misunderstanding) was the United Fruit Co.'s banana-freighter Choluteca...