Word: jute
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...Sofa. The Simmons Co., biggest U.S. mattress maker, will bring out a line of upholstered furniture (sofas, love seats, lounge chairs) with a new device to guard against sag. Instead of woven jute-webbing supports for the furniture's coil springs, Simmons' pieces will have a steel-grid support suspended by rubber torsion springs. This will not only make furniture more comfortable but prevent sagging after long use, says Simmons. Sofa price range...
...lion's share of government jobs. Many of the programs in the East are run by bureaucrats shipped in from the West. East Pakistan, say its politicians, is treated as a "poor relation." The East produces about two-thirds of the nation's foreign exchange (exports of jute, tea and goatskins), yet gets fewer development loans than West Pakistan...
Pakistan has lost considerable ground because of a sharp fall in cotton (23% of its exports) prices and drop in the volume of its jute (44% of exports) trade. Indonesia is sorely pressed by a 20% drop in crude rubber prices since 1956; so is Thailand. Malayan tin exports are off 50% this year, and 25% of the tin mines are shut down. From a healthy budget surplus in 1956, Malaya has gradually slipped into a $39 million deficit this year...
...equality, enjoy far pleasanter relations with their Indian colleagues. As for the Indians themselves, they show surprisingly little resentment of the fact that Britons still control 80% of all foreign investments in India, own a majority (64%) of India's tea industry and a quarter of the vital jute industry. Given the choice, say Indian public-opinion surveys, more Indians would choose to visit England than any other place on earth...
Another was that India's exports would prosper and earn more foreign exchange. They have not. In London last week there were whole warehouses full of unsold Indian tea. Increasing competition from Japan has prevented any significant increase in foreign sales of Indian cotton goods. The jute industry, faced with competition from Indonesia and Pakistan, is so deep in the doldrums that more than 10% of India's looms are being held idle in an attempt to maintain world jute prices...