Word: marketed
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Dates: during 1970-1979
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Dollar's Drop. Along with its critics, Treasury also has supporters. Richard Cooper, the former Yale economist who is now Under Secretary of State for Economic Affairs, believes that the major central banks can easily smooth out the money market movements caused by the dollar's drop. Adds Brookings Institution Economist Robert Solomon, noting the big trade surpluses enjoyed by the Japanese and the West Germans: "To any reasonable person, the appreciation of the yen and the mark is desirable." Moreover, Solomon contends, the shift in rates is not that great. For example, though the dollar has slipped...
Working like a well-functioning percolator, the market forces that drove raw coffee prices to record highs in April are now forcing prices down, down, down. In the past few months, Colombian green coffee has fallen from $3.34 per Ib. to $1.92, 43% below its April peak. Similar drops have taken place for other varieties of coffee...
...down will prices go? Some Brazilian coffee experts say that over the next 18 months or so the price of raw coffee could gradually decline to about $1 per Ib. on the New York market, which would translate into a retail price somewhere in the $2 range, depending upon quality and brand. That is just above what coffee cost before it zoomed off on its great roller-coaster ride...
...Onassis fleet remains not only profitable, by most accounts, but has also been updated. Ten aging vessels have been sold; contracts for four new supertankers, which Ari had unwisely ordered before the collapse of the market, have been canceled. A clever deal is in the works in which the Onassis group is expected to buy two supertankers from...
...recluse who invents and maintains an eight-team baseball league and the lives of hundreds of players. First editions of his first novel (The Origin of the Brunists) and a collection of short stories (Pricksongs & Descants) are prized by their owners and generally unavailable on the open market...