Word: coppers
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...going back, in fact, to man's Neanderthal predecessors. Today, arthritis inflames the joints of 10% of the world's population, including one out of seven Americans. There are dozens of helpful drugs on the market, as well as countless quack remedies ranging from copper bracelets to snake venom. Aspirin, however, remains the treatment of choice. The trouble is that in order to suppress inflammation as well as pain, aspirin often must be taken in megadoses-15 to 20 tablets a day. At such levels, it can cause stomach distress, ulcers and hemorrhaging. And so, spurred...
...more than $40 per bbl. in 1980, have been declining dramatically. Since petroleum is the basic raw material for scores of products, such as gasoline, fertilizers and many chemicals, a drop in its price is felt throughout the whole economy. The falling prices of raw materials, including tin and copper, and farm products have also been slowing the rate of inflation...
...Boeing saw its bond rating reduced by Standard & Poor's from AA-to A because it will have to borrow heavily in order to finance the construction of new 767 and 757 airliners. Phelps Dodge, which announced earlier this month that it is temporarily closing all of its copper mines, laid off about 3,800 of its workers and reduced salaries by as much as 8%. A somber Henry Kaufman, the Salomon Bros, economist, informed Congress last month that American business "has been devastated by the debt explosion. Our economy and financial markets are more fragile than...
Because of budget constraints, planners of the $20-million renovation of University athletic facilities did not include the cupola in their blueprints, which called for the replacement of the old skylights with a copper roof. George Oomen, assistant to the vice-president for administration, said yesterday...
...only one of many vital commodities that underwent spectacular price increases in the 1970s. But slow growth, and now recession, has burst the bubble in one raw material after another. Copper prices, for example, have plunged to 76? per lb. from 89? a year ago, badly burning unlucky speculators in the process...