Word: copperizing
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...time, Ben Sack was primarily involved with a copper and smelting plant. In 1949, he was again offered the chance to invest in a movie house. Again he accepted. This time it looked even rougher. The theatre, which had to be refurbished and reopened, was located in Fitchburg, a factory town of 43,000. It had only one competitor, an already successful operation right next door. Within a year and three months, Sack's group bought out the neighboring opposition. It had been owned by Joseph P. Kennedy...
...prepared to help Iran for the quickest possible exploitation of its natural resources." He also persuaded the Iranians to quintuple their Soviet trade, making Russia their biggest customer and biggest supplier. Finally, he talked the Shah into taking Russia in as a full partner in the exploitation of vast copper and oilfields that lie in central Iran. Even for Kosygin, it was an unusually profitable trip...
...raised the U.S. flag in a scene captured for posterity in a famous photograph. Their feat was commemorated on a bronze tablet laid atop Suribachi, with the U.S. flag flying above it. Now the flag has been lowered as a concession to Japanese sensibilities, and in its place a copper flag has been raised. When a treaty is signed this week or next, the U.S. will officially return to the Japanese the Bonin and Volcano Islands, of which Iwo Jima is one, and two other Pacific islands...
...which is no small accomplishment in view of the un certainty clouding such key aluminum users as the automobile and home-building industries. Part of the explanation is customer stockpiling as a precaution ary hedge against a possible aluminum strike this summer. The company has also benefited from the copper indus try's marathon strike, during which it has made headway in its efforts to substitute aluminum for copper in telephone cables. Although technological problems still have to be overcome before aluminum can compete with all other metal industries in a big way, Alcoa President John D. Harper...
...devaluation. The ancient Romans began to debase the denarius under Nero (A.D. 54-68) after they ran into-but failed to recognize-their balance of payments problems. Founded on plunder, Rome as an empire lacked the manufacturing, agriculture and commerce to pay for its costly imports. Trajan added copper to the once 99%-pure-silver denarius, and later the coin became wholly base metal. A century before Alaric sacked the Eternal City in A.D. 410, Rome had lost not only its purchasing power but also the wherewithal to resist barbarians at its borders...