Word: coppered
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Events abroad, also well beyond Carter's control, had conspired to aggravate inflation. OPEC'S quintupling of oil prices inspired the money-poor but materials-rich nations of the Southern Hemisphere to pump up prices for commodities as disparate as copper, tin, rubber, jute, cotton, bauxite, coffee, cocoa, tea, sugar. Instant communications-TV and transistor radios-spread the message of the good life. People in Timbuktu no less than in Toledo demanded more-more than society could reasonably produce. Communication, education and sophistication enabled the world in the 1970s to virtually defeat smallpox-and helped make just about...
...Shah of Iran. Under mounting opposition from critics of his regime, the Shah has been forced into a radical reassessment of his priorities. In recent weeks, strikes by workers angered over the country's inflation rate (currently 50%) have paralyzed the nationalized oil refineries, postal service, airline, and copper and steel industries. The nation's balance of payments deficit exceeds $5.5 billion. To pay for an across-the-board wage increase for at least 1 million workers, and for subsidized housing and other social projects, the Shah has canceled $7 billion worth of American and European military orders, including...
...Empty Copper Sea, MacDonald...
Heavily dependent for income on one export (copper), landlocked Zambia had gone along with the U.N. sanctions at considerable cost. The 1,160-mile Tazara railway, built by the Chinese as an alternative to routes through southern Africa, never became fully operational, because of theft, widespread mismanagement and frequent breakdowns in equipment. Zambia, already suffering from falling world copper prices, found it increasingly difficult to get the metal to markets. Skyrocketing prices and continual shortages of such vital goods as soap, matches and cooking oil created popular unrest and encouraged political opposition to Kaunda's less-than-democratic regime...
...Empty Copper Sea, MacDonald...