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...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...

Author: /time Magazine | Title: Books: Bullion Cubed | 7/9/1973 | See Source »

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...

Author: /time Magazine | Title: GHANA: The Burdens of Debt | 4/16/1973 | See Source »

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...

Author: /time Magazine | Title: Cinema: Northern Gothic | 12/4/1972 | See Source »

...light lunch there are quiche, meat pasty and goose liver pate on French rolls. The mustard on the ham and cheese and salami and cheese sandwiches comes from Dijon. Onion soup and hot cocoa are the patisserie's only concessions to winter. As in any French, cafe the crockery is so think that whatever beverage or food is hot, coffee or quiche, becomes lukewarm straight away...

Author: By Robert D. Luskin and Tina Rathborne, S | Title: Burgers, Pasta and Patisserie | 7/3/1972 | See Source »

Indefinite Expansion. The editorial benefits of common ownership can be considerable to individual papers. The Cocoa, Fla., Today (48,101) covers space shots with imagination and expertise for the whole chain, via the Gannett News Service. The Statesman in Boise has been filing with local insight for all papers on the recent Idaho mine disaster. The News Service circulates such group-wide features as an entertainment column from the San Bernardino Sun and a music column from the Times-Union. Small papers benefit from staff coverage by bigger ones and in turn serve as testing grounds for technical improvements that...

Author: /time Magazine | Title: The Press: The Rochester Acquirer | 5/22/1972 | See Source »

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