Word: embargo
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Soaring Appetite. Abrupt as it was, the embargo was only the latest in a series of Treasury moves to cope with the soaring world appetite for silver. Because of increasing sales of sterling silverware and photographic film (in which silver halides are the light-sensitive ingredient) plus expanding use in electronics and aerospace, the demand for industrial silver jumped 91% (to 150 million oz.) last year in the U.S. Altogether, the free world consumed 464 million oz. of silver last year while mining less than half that amount. In 1963, to help balance supply and demand, the Government stopped issuing...
...Life. All in all, there does not seem to be much cause for gagging. Rhodesian farmers are rapidly diversifying their crops so that the country will no longer need to import such staples as wheat and soy beans. Despite the worldwide oil embargo, Rhodesia gets all the oil it needs from its good friend-and embargo breaker-South Africa. It also keeps its export market alive through agents in South Africa, in the Portuguese colonies of Angola and Mozambique and in the black African nation of Malawi (see following story). The Rhodesian pound may have been declared worthless on world...
...outstripped supply, which poses the danger that consumers will turn in desperation to such substitutes as aluminum or plastic. Moreover, to make sure that domestic and defense demand is met, the Federal Government has virtually locked U.S. producers out of higher-priced world markets by declaring a partial embargo on copper exports. Beyond that, the Government has required producers to set aside more than one-quarter of their output for military...
...will get their come-uppins," MacKesy shouted, and called for an "embargo of the U.N. and recognition of Rhodesian Independence...
...action may well have signaled a mild easing of tensions between the two countries. There have also been other signs of a thaw. Though the U.S.'s six-year-old trade embargo remains in effect, Washington recently modified its ban on travel to Cuba and announced that U.S. citizens may now get passports to visit the island for "cultural" and business reasons-provided that the Czechoslovakian embassy, Castro's diplomatic go-between in the U.S., agrees to issue a visa...