Word: copperizing
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...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...
...economy that is already on the verge of collapse. While the nation labors under a $27 billion foreign debt that is still rising, national income is expected to fall by 15% this year. The statistics for the first half of 1981 are grim: coal output fell by 22%; copper, 11%; refined oil, 19%; animal feed, 14%; cattle herds, 7%; swine herds, 13%; exports to the West, 21.5%. Says John Hardt, an economist for the Congressional Research Service: "The Polish economy is 'growing' negatively at a rate that is unprecedented in peacetime. It's a wartime economy...
...Last week Sony Chairman Akio Morita, 60, showed off his latest marvel: the Mavica, a still camera that looks and feels like a conventional 35-mm camera but takes color pictures without film. Morita grandly called the camera the greatest innovation in photography since Louis Daguerre invented the silvered copper plate print...