Word: cotton
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...from domestic firms. AFL-CIO Lobbyist Ray Denison says Ex-Im has financed a Mexican factory that makes automobile springs that are shipped to the U.S. Recently, Ex-Im lent $75 million to the Bank of Tokyo to finance purchase by Japanese firms of 260,000 bales of U.S. cotton. Critics fear that that loan will worsen American inflation by raising the price of domestic cotton...
...Strings made at his factory in Italy, sold 160 in two days. "I've had calls from all over for them from men-boy friends and husbands," he says. His suits cost from $35 to $40-v. $6 in Rio-and come in a variety of materials, including cotton and jersey, which Paterno favors "because the suit must be close to the body and you need soft fabric for that. Cotton doesn't give that close look...
...year." The prospect may please citizens who find something reassuring about the clunk of bullion in their mattresses, but owning gold is hardly the inflation-proof investment of popular mythology. Indeed, U.S. speculators will discover that the market for gold is as erratic as those for silver, cotton and potatoes...
...just beginning to lift from the ocean when we went to Point Lobos. In the sun, it looked like baskets of cotton tumbling over; a light golden haze, mixed with the green and brown of Marin heights across the channel. Ray and I climbed down on the deep-scarred rocks and went into a small cave hidden between a deep cut in the rocks. We could hear the small waves smack crisply outside, but inside the small grotto our voices were dull and hollow. Ray began talking about school...
...Gift. Ellington burst on the jazz scene in 1927 at Harlem's Cotton Club. Right into 1974 he kept a 16-piece band circling the globe. "What would I do sitting in one place?" he asked a few years ago. "How would I get to hear the new things I write? What reason would I have to retire from the road?" Only illness. Two months ago, Ellington entered Manhattan's Columbia-Presbyterian Medical Center with lung cancer, then developed pneumonia. Last week, only a month after his 75th birthday, Edward Kennedy Ellington died...