Word: droves
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Dates: during 1970-1979
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...waters of Rhode Island Sound off Newport, he has driven his crew to a razor-sharp edge. Conservative in his tactics when in the lead, he will stop at nothing when he is behind. The final race last week against Enterprise was typical. Trailing at the final buoy, Turner drove his crew through 19 tacks on the last 2½mile leg. Each of the grueling changes in direction and shifts in the set of the sails was perfectly timed by Turner and flawlessly executed by the crew; at the finish, a 17-second deficit had become a 43-second...
...What drove many fans to fury was the fact that a major defector to Packer was none other than the colorful captain of England's own international team: gangling (6 ft. 7 in.) South African-born Tony Greig, who justified his action by saying that he was fighting "for a principle." The tradition-minded barons of the game did not see it that way; they quickly stripped him of his title. One cricket commentator offered a huffy explanation for Greig's behavior: he was "an Englishman not by birth or upbringing, but only by adoption...
...soar beyond the peak of 1,051.70 it reached in 1973. So much for savvy. Since January the stock averages have wobbled and worried their way down steadily. Last week the 1977 market's peevishness turned into something approaching panic, as a selling stampede slashed share values and drove the Dow down to its lowest level in 18 months...
Working like a well-functioning percolator, the market forces that drove raw coffee prices to record highs in April are now forcing prices down, down, down. In the past few months, Colombian green coffee has fallen from $3.34 per Ib. to $1.92, 43% below its April peak. Similar drops have taken place for other varieties of coffee...
Then there has been a dramatic decline in U.S. consumption. Faced with costs that drove even snackbar brew to 350 a cup and above, many Americans cut down on coffee. According to a 1977 survey by the National Coffee Association in three U.S. cities, consumption in the four months of March through June was 22% below last year's level. Result: roasters and wholesalers, who had stockpiled reserves in anticipation of even higher prices, have found themselves stuck with large inventories...