Word: belt
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Dates: during 1960-1969
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Nine years ago, when Northern Rhodesia, Southern Rhodesia and Nyasaland united to form the Central African Federation, this new Commonwealth nation looked good to foreign capital. Lured primarily by the riches of Northern Rhodesia's famed Copper Belt (current production: 600,000 tons a year), U.S. and European companies swarmed in to throw up everything from oil refineries to auto assembly plants. Before long, the federation's sprawling capital of Salisbury, a city about the size of El Paso, began to enjoy a wild building boom...
Today, 20% of the office space in Salisbury is vacant, and only by imposing rigid exchange controls has the federation government managed to avert a crippling flight of capital. On the London Stock Exchange, shares in Rhodesian Selection Trust, one of the titans of the Copper Belt, have dropped from 37 shillings to 25-despite the fact that they pay an 18% annual dividend...
...Holdouts. For most investors, Rhodesian and foreign alike, all this makes Central Africa seem a bad risk. But one important group is holding out against the tide of pessimism: the three great companies that dominate the Copper Belt and have a stake of $850 million to defend in Northern Rhodesia...
Wearily, the magistrate applied to higher authorities for permission. Until the papers arrived, Ebtehaj insisted on staying in jail, even grabbed the belt of a cop who had neglected the formality of the occasion and tried to leave Ebtehaj unguarded. Two days later he finally consented to quit his prison hospital cell, and his captors breathed a sigh of relief...
Chirp-chirp, says Burwell, means a pain in the fan belt or the generator...