Word: cottons
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...colors and dark colors with wide stripes are among the favorites for business suits. In place of the heavy worsteds and woolens that once made the perspiring milord a laughingstock at Mediterranean watering places, the new look employs mostly lightweight (11 oz. to 14 oz.) fabrics, including polyester and cotton blends. Most of the suits can be brightened up or toned down with stylish waistcoats. Customer and tailor are free to interpret the line as they see fit, choosing from a range of some 4,000 fabrics and endless color permutations...
Estimates of how much the troubleshooters may eventually find range from $50 million to $100 million or more. It is a cornucopia of miscellany-"everything from vaginal foam to cement mixers," says one AID official. Among the items found so far: tin plate, steel sheet, chemicals, dies, pumps, cotton, newsprint, forklift trucks, photocopying machines. Says Frink in Hong Kong: "We have part of a rice mill. It may be an entire rice mill-I won't know until I get into the boxes. The same thing with an edible oil mill. There is a big shipment of ladles...
Even before the Organization of Petroleum Exporting Countries began jacking up oil prices in 1973, prices for other raw materials were breaking records. Spurred by shortages and rampant speculation in commodities markets, prices for such staples as copper, rubber, cocoa, coffee, platinum and cotton rose sharply; some had doubled or tripled by mid-1974. But after the oil crisis helped push the West into recession, commodities prices tumbled, in some cases to a third of what they had been at the peak. Copper, for example, rose nearly 300% in 17 months, peaking at $1.40 per Ib. a year ago; this...
...consumers, but a blow to farmers. To shore up net farm income, which nearly doubled in 1973 but fell 17%, to $27 billion, last year, the measure would increase the support price of milk from 75% to 80% of so-called parity, raise "target" prices of wheat, grain and cotton (giving farmers cash subsidies if the price falls below the "target" level), and allow the Government to make larger loans to growers. It would also raise grocery bills. According to Agriculture Department economists, the addition to retail food prices this year would cost the consumer several hundred million dollars; milk...
...months the criticism of Somoza has become even more bitter. Nicaragua's chronic crisis has been exacerbated by rising food costs, seen by the people as an indication that Somoza is speculating in prices (certainly the shift in rural production from foodstuffs to the more profitable export crop of cotton has contributed to the hike, and Nicaragua's food prices are clearly higher than those in neighboring Central American countries.) Additionally, the housing shortage in Managua remains acute, and a two-month strike of construction workers has halted all rebuilding save that which takes place protected by armed guards...