Word: cottoning
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Dates: during 1970-1979
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...morning are too young to remember much of the 1960s. "That age was a bit early for me, so I didn't really know how to dress for this," confesses Mark Kaplan, 23, out of Atlanta, who adds that a more knowledgeable friend lent him the striped Indian cotton shirt he is wearing. A lady companion confesses further: "We're really just waiting for the tennis court we've reserved...
...pheromone, the scent emitted by a female to attract males. The new substance, being marketed by Albany International under the trade name Gossyplure H.F., is actually a synthesized version of the scent given off by female pink bollworm moths. These insects produce caterpillars that eat their way through the cotton crops in Southern California and Arizona, costing farmers some $40 million a year in damage and control expenses...
...undefended Stevens workers suffer terrible working conditions, chronically low wages and starvation-level pension payments. Thousands are slowly dying of the disease byssinosis, or brown lung, caused by cotton-dust levels three times higher than standards set by the federal government. Stevens employees are paid at rates 31 per cent below the national average for factory workers. Retired Stevens workers then spend the last years of their lives in poverty. One man who had worked at a Stevens plant for 40 years was rewarded with a pension of $15 a week...
...pledge to hold the federal budget for fiscal 1979 within the targeted $60 billion range. That would at least imply a threat to veto any spending bill that seems likely to push the deficit higher. Leading candidate for a Presidential turndown: a farm bill that would pay grain and cotton farmers subsidies on an escalating scale for keeping land out of production. The prices that Americans pay for food are likely to rise 6% to 8% this year; the Administration calculates that the farm bill would tack perhaps another three points onto that increase. The bill cleared a House-Senate...
Unlike commodity futures, which are contracts that give an investor the right to deliver or receive gold, cotton, pork bellies or whatever on a set date at a fixed price, commodity options are purely paper investments giving the buyer the right to purchase a future, gambling on how much prices rise or fall. In the U.S., such options have had the tempting flavor of forbidden fruit. Since the 1930s, trading in some 100 types of options, mainly agricultural products, has not been allowed on U.S. exchanges. But in recent years some inventive firms began selling in the U.S. options supposedly...