Word: ironed
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Dates: during 1960-1969
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...classic heroes, in the words of U.C.L.A.'s late Historian Dixon Wecter, "were taller by a head than any of their tribesmen, could cut iron with their swords, throw the bar farther or wind the horn louder than their fellows-Achilles and Ulysses, Siegfried and Roland, Beowulf and Richard the Lionhearted." Their latter-day American equivalents might be Douglas MacArthur, reconquering the Pacific, true to his vow, "I shall return," and Ike Eisenhower, commanding the massed D-day armies or winning his sweeping 1952 election victory. But it is difficult to imagine Beowulf getting only ten nominating votes...
...first move was to encourage pri vate foreign investment in India's des perately inadequate fertilizer industry (TIME, May 27). Then the government removed controls on eleven basic indus tries, including cement, iron and steel forging, and timber products. Two weeks ago, the rupee was devalued,* to combat inflation, shelter domestic manufactures against foreign competition, and make exports more salable in world markets. The Finance Ministry an nounced that it was working on an import-liberalization plan...
...sultans by surprise, defeated them, and then captured Antioch, the city of 400 towers, by assault. Besieged in Antioch by a superior army of the atabeg of Mosul, the Crusaders were saved by a miracle of their own faith. Fired by the conviction that an old, rusty piece of iron unearthed beneath an Antioch church was the lance with which the Roman soldier had pierced the side of the crucified Christ, the Crusaders, half-starved and crazed with religious fanaticism, swept out of the city and routed the Turks. Afterward, Bohemond of Taranto ordered the severed heads of captured Turks...
Welcome Dollars. Oil is only one part of a boom in minerals that has lured foreign companies into a rush for riches and revamped the economy of a continent. Ten years ago, Australia had to import all of its aluminum; until six years ago, iron-ore exports were forbidden because the government believed there was only enough to supply domestic needs for a generation. All that negative thinking has been swept away by recent discoveries of natural gas, bauxite, copper, manganese, silver, uranium, tin, nickel, zinc and lead. Coal exports have jumped from $26 million in 1962 to $68 million...
Foreign companies are urgently interested and are investing at record rates. One magnet for capital is Western Australia, which has 15 billion tons of high-grade iron ore, about one-eighth of the world's known reserves. Great consortiums of companies, including the U.S.'s Kaiser Steel and American Metal Climax, have contracted to sell $3.5 billion worth of iron ore and pellets to Japanese steelmakers over the next 25 years. In the north, bauxite reserves amount to 3.5 billion tons, about half of global reserves, or enough to fill all the Western world's needs...