Word: cocoa
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Dates: during 1970-1979
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...somewhat re straining the food-price spiral. A stronger dollar would also mean that American consumers would have to put up fewer greenbacks for imports like Japanese cars and French wines, and U.S. manufacturers would have to pay less for high-priced, short-supply items from abroad like Ghanaian cocoa and Australian wool, thereby relieving domestic inflationary pressure...
...pinch on U.S. supplies of grain and beef is only part of a worldwide scarcity of raw materials. For almost every important commodity - meat, wheat, rice, soybeans, wool, cocoa, copper, lead, rubber- world production is falling behind ravenous demand, and hectic bidding for supplies is rocketing prices. A Reuters index of commodity prices leaped 91% in the twelve months ended July...
...written the novel had I not been in jail," says Erdman. In 1970, he and other officials of the United California Bank in Basel, Switzerland, found themselves in one of the city's 17th century dungeons. The bank had collapsed after losing more than $30 million speculating in cocoa futures, and the books had been doctored to hide the losses...
Boon. The only thing that has saved Ghana from economic disaster is a steep rise in the world price of cocoa, which has doubled since the Redemption Council came to power. Since Ghana produces more than one-third of the world's cocoa and depends on it for 70% of its foreign exchange, the boon has given Acheampong a chance to try to restore Ghana's credit overseas. He is said to be ready to negotiate a rescheduling of the country's debts, but he is hoping for some very sweet terms: a ten-year moratorium...
Snow just won't let up. Car won't start either. Doorknobs turn mysteriously. Stairs squeak like trampled mice. The cocoa is spiked. The room is locked. The baby is born dead. No escape...