Word: cotton
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Dates: during 1960-1969
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...start in 1958 as a road-construction camp 500 miles north of Brasilia, is now up to 8,000 people, has its own branch of the Bank of Brazil and will soon have a $1,600,000 factory that will refine oil from native babaçú nuts, peanuts, cotton and sunflower seeds, produce the cans in which to export the oil and cut up local mahogany to make cases for the cans...
Under the original idea, land tagged for redistribution was to be thoroughly studied for crop and livestock potential, then paid for at fair value. Belaúnde wisely exempted the big coastal sugar and cotton plantations that produce vital exports; instead, he aimed chiefly at Peru's highlands, where nearly 30 million of 32 million acres suitable for agriculture are held by big absentee landlords. Even then the government promised to set up a system of priorities to ensure that marginal estates were taken before well-managed holdings...
Klonarides and his competitors find their biggest market in the underdeveloped nations, which usually have commodities to trade but very little cash. Through bartering, Egypt has been able to swap its cotton for German locomotives, for machine tools and for a British power station. Brazil traded coffee for $4,200,000 worth of British tractors. For handling commodity sales, bartering firms take a commission of 1% up, depending partly on the state of the commodity market and partly on the length of time that it takes them to conclude the deal...
...enough of those troubles -neglect, poverty, manuscripts lost or burned-to make paranoiacs of 50 poets. Lowry first appears as "a small boy chased by furies." He strummed a guitar in dives, "ran away to sea," and the last thing he did to please his bewildered father, a Liverpool cotton broker who fox-hunted, was to graduate (third-class honors) in English from Cambridge. Years of wandering as a merchant seaman, a marriage in Paris, and a minor novel (Ultramarine, a Melville-and-blue-water affair) lay ahead before he fetched up in Mexico on a midget paternal subsidy...
...information was incorporated into a Sept. 20 Newsweek article which included the sentence: "One old peasant woman a purple cotton pajamas dragged Newsweek correspondent Faye Levine off the street during a recent visit to whisper. Tell them in America we want to be free...