Word: copperizing
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Every religion believes in some form of soul, or animating principle of life. But the fact that none of them ever defined it satisfactorily seemed to bother James Kidd, an eccentric Arizona copper miner whose lifetime interest was the explanation of the supernatural. Kidd mysteriously disappeared in 1949, and was declared legally dead in 1965. Arizona authorities found among his possessions a handwritten will in which the prospector directed that his estate, consisting of stocks and bonds worth $198,138.53, be used for "research or some scientific proof of a soul of the human body which leaves at death...
When government ministers from four of the free world's main copper-exporting countries gathered in the sweltering Zambian capital of Lusaka on June 1, the copper-consuming nations had every reason to worry. The idea, as conceived last fall by Zambian President Kenneth Kaunda and Chilean President Eduardo Frei, was to set up a price-and-quota-fixing copper cartel to control the world market. After all, their countries plus Peru and the Congo produce 70% of the earth's copper sold for export. * With economies largely based on copper, all four nations have suffered...
...squeezed in a side trip to gape at Victoria Falls and float down the Zambezi River looking for elephants. But the first-of-its-kind conference ended with only an innocuous agreement to coordinate research and information policies. For that, the four countries set up an Intergovernmental Council of Copper Exporting Countries, to be based in Paris. Its first move will be to open an information bureau. "Consumers must not worry," said mustachioed Chilean Minister of Mines Alejandro Hales, the conference's dominant delegate. "We are not going for their throats. This will not be a cabal...
Despite their modest achievements, most of the conferees viewed the result as a good start toward stabilizing copper's violent price swings, which chiefly reward speculators. "From now on we will have harmony in our policies," beamed Javier Pérez de Cuéllar, Peruvian Foreign Secretary General. "This conference," added Zambian Foreign Minister Simon Kapwepwe, "should be a lesson to all underdeveloped countries. Those who grow sugar and coffee should start coming together...
...Though the U.S. is the world's foremost copper producer, it consumes more than its mines deliver. Using its defense stockpile as a club, the Government keeps the price of domestic copper (currently 38? per Ib.) well below world prices...