Word: copperizing
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Thus Lyndon Johnson has used the powers at his command to hold down wage increases in steel and among federal employees, to discourage U.S. in- vestments abroad, and to roll back threatened price hikes in aluminum and copper. Last week he said he would dip into Government stockpiles of wheat to keep bread prices from rising...
...dangerous sparks of all, however, were flying in Zambia, Rhodesia's black-ruled northern neighbor, where moderate President Kenneth Kaunda was under mounting pressure to do something about the Smith takeover. Powerless to act on his own, and dependent on Rhodesian railroads and power to keep his vital copper exports flowing, Kaunda found himself being pressed to accept troops from those two eager conspirators, Egypt's Nasser and Ghana's Kwame Nkrumah, as well as military aid from Moscow and Peking. Kaunda wants no part of it. He believes there is real danger that Rhodesia could explode...
...small army back to Lusaka to avoid an accidental clash. In the rail center of Livingstone, the town's first race disturbance-a minor scuffle in which nobody was seriously hurt-caused 300 white railwaymen to strike for government protection, and the walkout crippled the nation's copper shipments. Three hundred miles to the north came the most serious incident of all: saboteurs blew up the main power line from Rhodesia, blacking out most of the copper mines...
...White House Aide Joe Califano, "wants controls." Nonetheless, the Federal Government's influence over U.S. business is growing steadily more pervasive and persistent-and effective control of prices, by whatever name it is called, is part of that influence. Last week, as if to prove the point, the copper industry rescinded its recent price hikes just two days after the Government announced that it would sell at least 200,000 tons of copper from its stockpile...
...Autos. The Government's release of stockpiled copper was different from its aluminum dumping. Copper is in short supply, partly because of the increased demands of the Vietnamese war, and the industry actually welcomed the Government's release of the metal as a way to help avert bottlenecks. In fact, the industry had raised prices in response to increases abroad. But Defense Secretary McNamara, announcing the news at one of those evening press conferences that threaten to become habitual, left little doubt as to what he thought about copper's price rise-or anyone else...