Word: copper
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Dates: during 1980-1989
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Because of budget constraints, planners of the $20-million renovation of University athletic facilities did not include the cupola in their blueprints, which called for the replacement of the old skylights with a copper roof. George Oomen, assistant to the vice-president for administration, said yesterday...
...only one of many vital commodities that underwent spectacular price increases in the 1970s. But slow growth, and now recession, has burst the bubble in one raw material after another. Copper prices, for example, have plunged to 76? per lb. from 89? a year ago, badly burning unlucky speculators in the process...
...London Metal Exchange, housed in a grand stone edifice on Fenchurch Street, exudes an air of ultramodern, professional efficiency. The 29 brokers sit in a circle on red leather banquettes surrounding the marble trading floor and make bids on seven metals (copper, lead, zinc, aluminum, nickel, tin and silver). For the past eight months, however, the exchange has been in turmoil. While prices for other commodities have been falling, the price of tin has been rising steeply. Since July, it has shot up nearly 30%, to more than...
Allis-Chalmers to lay off 1,300 in Missouri . . . Smith-Corona to suspend output at three plants employing 3,450 . . . Pennzoil to shut down all its copper and molybdenum operations...
...Holliwell arrives in Tecan, he senses the tremors of revolution as well. The local dictator, propped up by U.S. support and sadistic National Guardsmen wearing reflecting sunglasses, may have finally pushed his brutalized subjects too far. He is driving exploited coffee pickers off the land to make way for copper mining that will enrich him and his fellow oligarchs...