Word: copperizing
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Both landlocked countries, Zambia and Rhodesia were forced into an uneasy cohabitation by economic necessity. Zambia needed Rhodesia to transport half of its copper to the Indian Ocean port of Beira in Mozambique for shipment to world markets; Rhodesia needed the $25 million a year that the copper shipments brought its railroad in transit revenue. The arrangement-a triumph of pragmatism over politics-has now been scuttled by a series of guerrilla attacks by exiled black Rhodesian rebels who operate under an umbrella organization called FROLIZI (Front for the Liberation of Zimbabwe-the African term for Rhodesia). After a particularly...
...cyclical issues, the stocks that react most directly to swings in the economy. For example, the projected spending burst for capital improvements should burnish the allure of heavy equipment and machine-tool issues. Business inventory accumulation, which is just now beginning in earnest, should brighten prospects for copper, aluminum, steel, chemical and paper stocks. Among the categories expected to lag in 1973 are food stocks, which analysts believe are already fully valued, still-limping aerospace stocks and many speculative issues. For a broad range of stocks, however, 1973 is shaping up as a gilt-edged year...
...entrepreneurs, who combine a love of the sport with hardheaded managerial techniques, is rising. Backed by banks or syndicates of investors and aided by business-school-trained executives, they are building whole new ski towns. Eighty miles west of Denver, for example, Charles D. "Chuck" Lewis opened the Copper Mountain area last month. Lewis, a onetime Vail executive, first got a land-use permit from the U.S. Forest Service, which controls most of the mountains in the West, and issues permits for a percentage of the area's gross receipts or fixed assets. Then he raised...
...hard day on the slopes, the night life warms up in the 30 restaurants and bars, and skiers cluster over Swiss wine and superb antelope schnitzel at Gashof Gramshammer, which is owned by a former Austrian ski champ. The younger set is likely to converge at Donovan's Copper Bar or the Nu Gnu or the Ore House, where the talk-and interest-seems to focus on skiing above all else, even sex. The newest favorite place is the Ichiban, a Japanese restaurant run by a sociologist, a dental hygienist and an architect-all of them people under...
Mild. He repeated the message during a one-day visit to the U.N., where he charged that ITT and Kennecott Copper Corp., two U.S.-controlled companies whose assets in Chile were expropriated by his government, "had driven their tentacles deep into my country, and even proposed to manage our political life." Allende claimed to have a document proving that ITT had specific plans for "strangling the economy, diplomatic sabotage, sowing panic among the population and fomenting social disorder. That is what we call imperialist intervention...