Word: jute
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Dates: during 1970-1979
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Events abroad, also well beyond Carter's control, had conspired to aggravate inflation. OPEC'S quintupling of oil prices inspired the money-poor but materials-rich nations of the Southern Hemisphere to pump up prices for commodities as disparate as copper, tin, rubber, jute, cotton, bauxite, coffee, cocoa, tea, sugar. Instant communications-TV and transistor radios-spread the message of the good life. People in Timbuktu no less than in Toledo demanded more-more than society could reasonably produce. Communication, education and sophistication enabled the world in the 1970s to virtually defeat smallpox-and helped make just about...
...week began with a giant political rally in Delhi, called by the four opposition groups that had quickly united as the Janata (People's) Party. On hand were 70,000 people who sat crosslegged, on the ground or on jute mats, to hear a succession of speakers denounce the government for its harsh curtailment of the nation's freedom. "You have found out what kind of people rule this country," declared Opposition Leader Morarji Desai, 80, who had been released from prison a fortnight earlier. "It is as important to keep our freedom secure from this type...
...longtime political foe of Gandhi's, Goenka is a wily industrialist who owns 17 other Indian dailies besides the Express; they have a combined circulation of about 1 million. Since he opposed Gandhi's adoption of sweeping emergency powers in 1975, her government has seized his jute mill in Calcutta, deprived the Express group of government advertising and ordered India's nationalized banks to deny him credit...
...scaffolded look has become popular in the Colonies. Not long ago, the Boston Gazette ungallantly reported the plight of a young woman whose headdress was shattered when she was thrown from her carriage by startled horses. The stuffing fell onto the road, revealing an unsavory mixture of jute fiber, wool yarn, curled wool...
Agreements of varying efficacy now exist to stabilize the prices of tin and coffee. Secretary General Corea and the Group of 77 want an "integrated program" to cover those commodities and eight others: cocoa, copper, cotton, hard fibers (like sisal), jute, rubber, sugar and tea. They will ask that a $3 billion fund be set up to accumulate stockpiles of each product. An independent group appointed by producers and consumers would be empowered to add to and sell from the stockpiles to keep world prices within a preagreed range...