Word: hoards
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Dates: during 1970-1979
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Industrial nations, particularly the raw-material-starved Japanese, long hungered after Indonesia's largely untapped hoard of oil, copper, nickel and timber. But intense nationalism and chronic political upheaval kept foreigners out until volatile President Sukarno was overthrown in 1965. Since the new government began encouraging outside investment two years later, hundreds of companies from Japan, the U.S., Europe and the Philippines have poured $250 million into the archipelago, mostly for mining and logging, and have pledged to spend another $1.15 billion. On top of that, they are spending $150 million annually exploring offshore...
...Soviet Hoard. Opponents of dollar devaluation assert that it would bring windfall profits to the largest producers of gold, South Africa and the Soviet Union. Lenin's remarks notwithstanding, the Soviets have been hoarding their gold in recent years and have sold little of it. Perhaps they have been betting on a gold price increase, or holding on to their bullion in order to go on a shopping spree in the West at some opportune time. Their stockpile has been roughly estimated to be worth $3 billion...
That the scheduled speakers at the "Counter Teach-in" were "butchers who did not deserve to be hoard...
...lira's volatility reflects a particularly Italian combination of economic assets and liabilities. The nation's real rate of growth-5.5% in 1970-is among the highest in the Western world. Italy's hoard of gold and net foreign reserves is Europe's second largest, after Germany's. Yet a primitive and easily manipulated stock exchange, an outmoded bureaucracy, and unenforceable tax laws encourage Italians to invest their money abroad. Even before last winter's series of strikes and government crises, Italians reverted en masse to their old habit of carting lire across...
...built ourselves on financial agility," boasts Vesco. He persuaded Hale Bros. Associates, a San Francisco investment firm that controls the Broadway-Hale department store chain, to become an early backer by buying $80,000 of stock. I.C.C. was one of the first U.S. firms to tap the hoard of Eurodollars, raising $25 million through an issue of debentures...