Word: cottone
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Dates: during 1970-1979
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Last year 43% of the cotton products bought by Europeans were made abroad, in many cases by firms set up by European manufacturers. The most prominent suppliers were Hong Kong and South Korea. All these countries were simply taking advantage of the high wages earned by European textile workers. In Belgium the average hourly wage is $9.17; in West Germany, $8.80; in Italy, $5.78. Textile workers get 98¢ an hour in Hong Kong and 62¢ in South Korea...
Textiles. Still the biggest employer on the Continent (2.9 million workers), the textile industry has suffered the most. Over the past five years, at least 3,500 enterprises have been closed and more than half a million jobs lost. In Ghent alone, home of Belgium's cotton industry, unemployment levels have reached 11%, roughly equal to those in France's eastern Vosges region. In all, a million more workers are expected to be laid...
DEFENSIVE BACKFIELD--Three cheers for the Crimson's Bat Masterson as the league's top monster/rover back/adjuster. Arnie Pinkston (Yale), Virgil Cotton (Cornell) and Luke Gaffney (Brown) round out a less-than-stellar first-team group. Second team: Harvard captain Steve Potysman...
...some $83 million in commodities, mostly industrial chemicals, and bought $62 million worth of textiles and arts and crafts, doubling the previous record of $75 million at the fair last year. The U.S. will probably sell the Chinese $700 million worth of products in all this year, mainly wheat, cotton and soybeans. To pay for some of their imports, the Chinese have devised "compensation trade" schemes, buying machinery with the products that will eventually roll off assembly lines. In a move that is heretical by Marxist, let alone Maoist, standards, Peking has also authorized capitalist use of cheap Chinese labor...
...dirty and dangerous production and do not allow for the social and invisible economic benefits of regulations. How, they ask, can anybody put a price tag on life and health? What is a few billion dollars here or there if thousands more workers will not suffer and die from cotton-dust poisoning or asbestos-caused cancers? Says Labor Secretary Ray Marshall, in support of stern safety and health regulations to protect workers: "A relaxation will increase the real social costs that our traditional economic indexes do not measure...