Word: copper
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Dates: during 1960-1969
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...well. As long as a well produces, the depletion write-off continues, even if the original cost of exploration and drilling has been recaptured 19 times over-as typically occurs. Other treasures from the earth and seas rate lesser but equally arbitrary allowances: 23% for uranium, 15% for copper, silver and gold, 10% for coal, 5% for oysters, clams and clay for flower pots. The theory is reasonable: extraction depletes natural resources. But oilmen lately have made enormous discoveries in Alaska and elsewhere; the U.S. has enough proven oil reserves to last for 20 years...
Because of all Lear's hang-ups, he could be called a truly modern figure for his sense of the precarious and tragic in human life. His nonsense verses, always catchy, should acquire renewed relevance today. They were the obverse of the solid moral copper coins given to good little Victorian children by the avuncular Establishment. His characters, like the "Old Person of Cadiz" or "Young Lady of Clare," are rarely righteous, and when they do practice virtue, it often goes refreshingly unrewarded. One thing this age will never really understand about Lear: his penchant for the nonporno limerick...
...Richard Nixon had hoped to avoid direct federal intervention against price increases by private industry. Yet last week the President took strong steps to arrest soaring lumber prices-and there was little grumbling. His tactics much resembled those of the Johnson Administration, which in 1965 fought off aluminum and copper price rises by threatening to release supplies of the metals from Government stockpiles. Nixon ordered the Interior and Agriculture departments to step up the sale of lumber from publicly owned forests, which contain more than half of the nation's sawtimber supply. To reduce demand, he directed the Defense...
Bamboo flutes tweedled, brass gongs thrummed, and Montagnard maidens twisted ceremonial copper bracelets round the wrists of President Nguyen Van Thieu, Premier Tran Van Huong and other South Vietnamese dignitaries. Stoically, the visitors sipped from the brimming urns of mnam kpie, a sour-tasting homemade rice wine. Then they moved on to lunch in the comfortable former summer residence of exiled Emperor Bao Dai, in the highland provincial capital of Ban Me Thuot. The Saigon dignitaries, together with a host of American officials, were joining in ceremonies marking what they hoped would be the end of a tribal rebellion...
...last time anyone really got excited about the terrain was in the last third of the 19th century, when prospectors discovered what seemed to be rich veins of gold, silver, copper and lead. The bonanza was short-lived, but the mountain's enticing name endured: Mineral King, an area of majestic 12,000-ft. peaks in California's eastern Sierras, 228 miles north of downtown Los Angeles...