Word: cocoa
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Dates: during 1960-1969
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...years ago in Ecuador, a farmer could buy a tractor with the money from selling 50 bags of coffee; now it takes 150 bags. In Malaya, the government has lost $60 million in export duties in the past two years because of falling rubber prices. A 50% drop in cocoa prices has forced Ghana to suspend its economic development program. When a Biblical-sized storm of cotton worms descended on Egypt's cotton crop in 1961, the damage cost Egypt nearly $200 million in foreign exchange. All of these countries have one problem in common: their economies depend heavily...
...hawk's She was the thinnest person I had ever seen: she looked like these pictures from the concentration camps, except that her body was all by itself, and it was green. The skin just flopped ever her bones like the stuff you pick off the top of cocoa with your spoon...
Most of the inflation in Latin America results from the same thing that caused the incident at Córdoba: unwillingness to face economic realities. When the world wide glut of coffee, cocoa, copper and other commodities cut into their export earnings, too many Latin governments responded by printing more paper currency and borrowing heavily abroad. Latin America's rich have also contributed to the weakening of their nations' currencies and economies by prudently squirreling away huge sums-estimated at $10 billion to $15 billion-in Miami real estate, foreign securities and Swiss bank accounts. In Argentina alone...
Breakfast cereals used to come in boxes that contained nothing else, bearing a label with directions for cooking. Today, cereals hit the table ready to eat, bite-sized, sugar-toasted, cocoa-flavored or doughnut-shaped; their sales appeal is gauged less by flavor and nutrition than by the servings of toy automobiles, plastic submarines, code-message rings and baseball cards buried among the flakes or offered on the label. This week. Cereal Giant General Mills moves to serve a better after-breakfast bonus. On 45 million boxes of nine "Big G" cereals. General Mills will offer juvenile crunchers a serious...
...again on the family range. After a summer of salads, barbecue meats and cold cuts, supermarkets suddenly begin to sell more potatoes, carrots, turnips and stew meats, while small steaks tend to give way in popularity to roasts, ribs and the heavier cuts of meats. Tea slumps, and coffee, cocoa, soups and chili rise. Candy sales -both low-calorie and weight-increasing -jump about 40% in the fall. At the same time, down goes the lowly frankfurter; after Labor Day First National Stores, a chain of supermarkets in New England, New York and New Jersey, sell 50% fewer frankfurters...