Word: cottons
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...cities, watched with chagrin. Today Dallas is on the rise again, but Houston is not exactly somnolent. In a move that has made Dallas aghast, a group of Houston boosters is offering college football's Southwest Conference $3 million in cash to lure the postseason Cotton Bowl game from Dallas, where it has been played for the past 45 years. "They have more chance of moving the stadium than they do the game," declares John F. Scovell, president of the Cotton Bowl Athletic Association and a prominent Dallas real estate developer. Says Bentsen, who organized the theft attempt...
...onetime cotton depot, Houston was the nation's fastest-growing major metropolitan area in the past decade. Population is up 70% since 1960, and since 1975 the city has led the nation in residential construction. Space for the sprawl is no problem because miles of prairie scrubland lie in three directions, and towns along the way are simply annexed. Nor does government interfere: Houston has no zoning laws. Dallas, however, is hemmed in by suburbs that resist annexation, and the city's urban planners have carefully guided expansion. Admits Dallas Developer Scovell: "Sure, we were jealous of Houston...
...inflation. The Consumer Price Index in September was still rising at a double-digit pace. But producer (wholesale) prices for "intermediate" goods such as textiles and steel showed no rise at all in October, the first time that had happened in six years. Prices for raw materials such as cotton and coal actually dropped a bit for the third straight month. Interest rates were sliding too: major banks last week cut the prime rate (on loans to their best business customers) by half a point, to 161%. That is five points below the peak last winter...
Peking claims that the new system has helped increase the production of China's farms, particularly those that raise the key crop of cotton. Ironically, the new system has also created a new problem simply because it is more efficient. Workers who are no longer needed on the farms have added to the country's already grave unemployment rate, which is estimated...
...nightcap in his Manhattan hotel room. But after a couple of drinks, he went blank. When he did not show up for a morning business meeting, his colleagues grew worried. They went to his room and found the Texan wild-eyed, heart pounding and his mouth dry as cotton. He was also hallucinating about little creatures that were trying...