Word: coca-cola
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...enjoyable experience of spending U.S. dollars overseas. At present exchange rates, a U.S. Army lieut. colonel stationed in Japan earns less than senior Japanese guards ($25,900) employed at the base near Tokyo. In Paris, where the French franc hit a three-year high against the dollar and a Coca-Cola costs $1.25, California Tourist William Warrell glumly observed: "I don't see how people can travel anymore. I really...
...childhood." When Shirley Temple ruled moviedom in the '30s, small blue drinking glasses bearing her pixie face were packed in countless Wheaties boxes. The glasses now fetch $9 each at MacSonny's flea market in North Reading, Mass. Anything old sells: wedding dresses, shoes, and, for collectors, Coca-Cola signs, beer cans and comic books. Says Bill McCrenice, an antique-store owner and a frequent seller at Atlanta's "1-85" drive-in market: "I bring things that aren't good enough for the store...
World sugar prices have plummeted from 65? per Ib. in 1974 to 7? today. That is good news for consumers, particularly for the country's biggest user, Coca-Cola Co. Each 1? drop in sugar prices saves Coke $20 million a year. But the tumbling prices are bad news for domestic growers of sugar cane and sugar beets, who contend they need a price of 17? per Ib. to meet their production costs...
...dispute goes beyond prices. It also involves conflicting ideas of how the Government should help the sugar industry meet foreign competition. The Administration favors direct subsidies; this would keep down prices to housewives and big consumers (including Coca-Cola, which is headed by Carter's old friend J. Paul Austin). But subsidizing low-priced sugar reduces demand for corn fructose. Congress favors sugar import duties and quotas, which would raise prices and help producers of both sugar and corn sweeteners...
...their Government loans. The Administration proposal has so little support on Capitol Hill that no Congressman has agreed to sponsor it. Because it would keep the price of sugar lower than the Church bill, the President's proposal does have the enthusiastic backing of big sugar users like the Coca-Cola Co., which is headed by Jimmy Carter's old friend, J. Paul Austin...