Word: copperizing
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...Administration's pique, it developed, came from the fact that Bethlehem had not informed the White House in advance of its plans-though no law or custom yet dictates such action by U.S. businessmen. Lacking stockpiles such as it employed last fall to roll back aluminum and copper prices, the Administration now ordered key Government agencies to buy structural steel only from companies that held the price line. On top of that, Pentagon officials hinted that Bethlehem might lose $50 million in contracts to build two ammunition ships...
...Brazil's exploding population; what was once useless scrub in the central state of Goiás is now pasture land for 4,000,000 head of cattle. And prospectors fanning out from the road have found a vast mineral potential, with deposits of nickel, tin, lead, zinc, copper, gold, diamonds and quartz...
...copper sulphate to kill the carrier snails has been ineffective. Some of the drugs now being used to treat the disease require painful injections. In 90% of cases, Ciba's Ambilhar pills cure the American and African forms within a week; tests on the Asian form are under way. Yet, as Ciba admits, even this potent drug cannot wipe out the disease because a cured patient who goes back into the rice fields may be reinfected within minutes...
...feels that even a minor hike might act as a symbol to encourage others to raise prices. Bethlehem may have to back down, but it will not be because of a repeat of the Administration's successful use of stockpiles to force back price increases in aluminum and copper. The government has no stockpiles of steel. What it does have is a voice that is very hard to ignore when it is insistent...
Nowadays, Johnson is not only prac ticing Keynesia? economics but is pursuing policies of Pressure and persuasion that go far beyond anything Keynes ever dreamed of. In 1965 Johnson vigorously wielded the wage-price guide-lines" to hold wages and prices down, forced producers of aluminum, copper and wheat to retreat from price hikes by threatening to dump the Government's commodity stockpiles and battled the nation s persistent balance-of-payments deficit ,with the so-called "voluntary" controls on spending and lending abroad. Some Keynesians believe that these policies violate Keynes's theories because they are basically microeconomic instead...