Word: coppers
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...equipment like computers. Electric utilities will hold their expenditures to about $17 billion next year, little changed from 1974; yet because of inflation, their outlays will be down in real terms for the first time in years. Most forecasts agree that the biggest spenders in 1975 will be coal, copper and other mining companies, which plan to increase their capital outlays by a dramatic 40%, to $4 billion, the petroleum industry (up 35%) and iron and steel firms...
PRICES: The annual rate of inflation will finally drop out of the double-digit range in the first half of next year, then continue drifting downward to 7% or 6% by year's end. This assumes that crops are good and that producers of copper, bauxite, sugar, coffee and other raw materials do not emulate the oil exporters in successfully forming and maintaining price-raising cartels. By all normal standards, though, 1975 will still be an inflationary year; prices for the full year are likely to average 9% or so above those for all of 1974. Reason: they rose...
...camel's hair as his paintbrush hit the canvas propped on its tripod probably wouldn't pull a crowd. Unlike musicians or actors, someone who makes strictly visual art tends to go at it alone. It is hard to concoct a performance with audience appeal while etching acid into copper plate, sculpting clay--or daubing paint on canvas. But in the long run, interaction with an audience is just as important to the visual artist as it is to a performer. Unfortunately, many of Harvard's student artists don't experience that kind of interaction...
...social role, and they will have to give workers participation in profits. Workers will also have a voice in management." "Workers are getting titles of property. Sixty per cent of the land now belongs to farm workers." "The policy of the government is that all strategic materials--oil, coal, copper--are going to be managed by the state." Heitmann does, in fact, claim that Chile is a socialist country, along the lines of Sweden, Denmark or Holland...
...this power--the oil price rise mandated last year by a coalition of Arab nations--has set a hopeful precedent for other Third World nations which mine metals crucial to industrial concerns in the developed nations. Just last month the four nations which produce most of the world's copper--Chile, Peru, Zambia and Zaire--agreed to a 10 per cent reduction in their exports in an effort to force a price rise on the world market. Pooling of interests is also possible among Third World producers of tin, bauxite, and timber...