Word: hoards
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Dates: during 1970-1979
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Mark A. Creatura '80 said he plans "o hoard Sweet'n'Low and sell it for a profit...
...merchants who smelled a good thing. When the Italian government last spring auctioned off 19,000 tons of Parmesan cheese that it had bought to support falling prices, a few wholesalers snapped up practically the whole lot-in effect, cornering the market. Ever since, the speculators have released their hoard of the golden, crumbly protein-rich cheese only when supplies were scarce...
...gold so suddenly? One major factor is that the U.S. has been relatively successful in its campaign to remove gold from the international monetary system. Last year the U.S. persuaded other countries, including a reluctant France, that the International Monetary Fund should auction off one-sixth of its gold hoard, or 25 million ounces. Meanwhile, the economic conditions that triggered the gold boom of 1973-74 have largely disappeared. The dollar is steady, world inflation rates have come down and the general panic set off by the oil crisis has abated. All those trends reduce the distrust of paper money...
...does not speak. A low grunt of acknowledgement is permissable for those compelled to formality. So deep was my prior cultural conditioning that I never quite got over the strain of keeping silent. The next visitor to my village will no doubt be surprised to be greeted by a hoard of little boys yelling "Ullo." Acculturation works in strange ways...
...cent of the population in those provinces was dying of starvation each month. During the first three months of the PRG's government, the North Vietnamese sent 70 per cent of their rice stock south to give the new government a breathing space. But entrepeneurs were able to hoard the rice, which the PRG sold at half price, and resell it at prices even higher than those of the Thieu regime. Last September, however, the PRG issued an economic statement that outlawed such hoarding and temporarily froze private assets over 100,000 piastres. Since then, it seems to have gained...