Word: copperizing
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...runaway price of staples, a source of anguish to housewives and politicians, has spelled disaster to a considerably less vocal segment of U.S. society: the Southern moonshiner. All the essential ingredients of corn likker have skyrocketed: sugar (up 300% in a year), grain and yeast, as well as the copper used for piping and kettles and the plastic jugs in which illicit hooch is transported and sold. A gallon of moonshine that used to sell for $1 now goes for $6 or more. As a result, the tide of "white whisky" that used to flow from Appalachian hills and hollers...
...record 460. The Council on Wage and Price Stability also will hold hearings to determine whether sugar refiners are making undue profits. Justice teams are further sifting through data about oil-company price hikes and casting a suspicious eye at price rises in such industries as steel, copper, lead and drugs, which are dominated by a relatively few giant corporations. Legal as well as illegal price fixing has become a target. Last week Saxbe called on Congress to scrap the federal legislation that enables states to enforce "fair trade" laws, which prohibit retailers from selling many products at prices below...
...university graduates who make up the core of a growing native managerial class. There is an estimated $3.5 billion in foreign investment at work or committed in the country. Zaire is the world's largest producer of cobalt and exporter of industrial diamonds. It ranks fifth in copper production and expects to nearly double its annual output...
...rate of 46.8%. Says Economist Otto Eckstein of Harvard: "If the wholesale index does not do dramatically better by, say November or December, then the outlook is pretty grim." One hopeful sign: after several years of going straight up, prices are dropping on many raw industrial commodities, including cowhide, copper, rubber, wastepaper, cotton, lumber and steel scrap. They are declining largely because of reduced demand...
...Petroleum Exporting Countries has become the toughest and most powerful cartel in history. OPEC has grown to 13 members,* and its ukase sets the export price for oil, thus exercising an unprecedented influence on the economies of almost all countries. Its recent success has inspired the countries that produce copper, tin and other basic materials to talk about forming their own price-pushing cartels...