Word: farms
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Dates: during 1970-1979
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...have studied Somoza's corrupt regime, both estimates, however, appeared surprisingly low. Most valuations of the dynasty's holdings were between $500 million and $1 billion; they included Nicaragua's national air line, Lanica, its major shipping company, the Mamenic Line, perhaps 25% of its best farm land, and an array of other enterprises. Says Richard Millett, author of The Guardians of the Dynasty, a highly critical account of the Somoza family: "It was hard to find any aspect of the economy in which they were not deeply entrenched...
That empire grew from a modest beginning. When he seized power in 1933, Tacho's father, Anastasio Somoza García, had only a near bankrupt coffee farm to his name. Little by little, he added to his holdings. If he saw a plantation he admired, for example, Somoza García made its owner an offer he dared not refuse, usually about half the property's real value. Often as not, the owner presented the land as a gift. By the time of his assassination in 1956, Somoza García was worth about $150 million...
...Cambodia continues to hemorrhage, in what some observers believe may be the death throes of the Khmers as a people. A nation that once numbered between 7 million and 8 million people is now believed to total only 4 million to 5 million. Much of the country's farm land has been devastated by war, and refugees report that the Vietnamese forces are shipping to their own country what little rice is now being grown in Cambodia. French doctors who recently visited the country fear that it could be swept by bubonic plague...
...nation's oil shale and some of its most promising new sources of coal and oil. The U.S. Gulf Coast may also be awash with dollars, as drilling companies search for hard-to-get methane gas in deep rock strata. In grain-growing Iowa, Kansas and other farm-belt states, some 1,000 service stations are selling gasohol, made from gasoline with a 10% lacing of grain alcohol, and Carter's program would enable production to jump. Says Robert Chambers of Iowa's A.C.R. Process Corp., an engineering firm for distilleries: "I've been dealing with...
...about fished out of the oceans," says Austin. That is largely because in the open seas, 98% of all shrimp eggs are lost; but in Coke's protected patches, 50% grow to maturity. Austin expects fairly soon to be selling a lot of shrimp from this "controlled environment farm." There is a fair chance that when the supply stretches, the price will shrink...