Word: cocoa
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...oils, toilet articles, animal feed, canned and frozen foods, ice cream and sausages. Its 400 MacFisheries stores in Britain make it the world's largest fishmonger. One Unilever subsidiary, the United Africa Co., is the largest trader in Africa; another cultivates 213,710 acres of rubber, palm oil, cocoa and coffee plantations in six countries. With an annual ad budget of $300 million, Unilever is the world's biggest advertiser and, not surprisingly, operates one of Britain's largest advertising agencies. All told, Unilever includes 104 major companies, has 448 direct or indirect subsidiaries in 53 countries...
...proliferated in lean postwar years to discourage imports, now hurt their own consumers as well as African, Asian and Latin American producers. Ranging from a West German levy that boosts the price of coffee to 35? a cup in restaurants, to the Common Market's exorbitant duties on cocoa, such restrictions actually work against the West's financial and technical aid to many underdeveloped nations, which need to expand exports to pay interest (up to 7%) on development loans. Duty-free admission for all tropical products, urged Nigeria's Alhaji Shehu Shagari, would "provide a real...
...gaudy tour of Cocoa Beach, the community nearest Cape Canaveral, enraged the citizens of Cocoa Beach but showed the rest of the country the phenomena that spring up around the space age's launching pads: beatniks swinging as if hooked on liquid oxygen, splashy motels by the mile, a real estate agent selling outback lots for $1,595 an acre, a wiggly blonde singing in a nightspot about her A-O.K. flight in a rocket with her spaceman. Then he switched to Britain's cheap-jack sex-and-crime newspapers and an abrasively candid interview with Cecil...
Kangaroo Courts. To ward off financial chaos, Nkrumah has decreed a strict austerity program. Stiff currency controls have stifled capital outflow. Subsidies to cocoa farmers were cut by a third, and crippling new purchase taxes of from 10% to 67% were levied on imported goods from clothes to automobiles. But the taxes have only succeeded in cutting off imports; from July to September, customs duties were $3,000,000 less than expected. A new compulsory savings scheme requires wage earners making more than $28 a month to give the government 5% of their pay in exchange for government bonds; corporations...
...friendship to one of Africa's most European-minded rulers: President Félix Houphouet-Boigny. The Ivory Coast was celebrating its first anniversary of independence after more than a century of French rule. Arriving in Abidjan, capital of the New Mexico-sized nation of coffee and cocoa plantations, Attorney General Kennedy was met at an airport reception with red carpet and tribal dances. Manfully (since he facetiously says that it took him eight years to complete second-year French in school). Bobby Kennedy delivered a graceful speech in French. (He was helped by phonetic notes on words like...