Word: midlands
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Dates: during 1980-1989
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Other alternative fuels are gaining popularity around the world. In smog- choked Sao Paulo, Brazilian drivers tank up with an ethanol blend that is 78% gasoline and 22% alcohol distilled from sugarcane. According to Illinois- based Archer Daniels Midland, ethanol blends account for 8% of all U.S. motor fuel. The mixture is readily available in parts of the Midwest at stations that display the gasohol symbol, an ear of corn...
...decided to attend Harvard Business School. The curriculum appealed to him far more than Cambridge's liberal atmosphere. Watergate was nearing its climax, and Bush pere was in a defensive crouch as Republican national chairman. The son sympathized from afar, then decided to take his M.B.A. back to Midland, to learn the oil business as a "landman," one who researches mineral and land records...
Initially this meant a two-room apartment off an alley and a lot of generosity from old pals. During this period he reinforced a reputation for frugality. At Midland's annual golf tournament, one of the gag trophies is the George Bush Dress Award, shaggy plaid trousers bestowed on the competitor sporting the worst attire. Its eponym still buys bargain threads at a factory outlet. Despite his recent affluence, he continues to describe himself as "all name and no money." Thrift is a virtue for someone trying to build his own business without capital. Bush became known as a shrewd...
...have to guess about his destination after the election. With Midland suffering hard times, his connection with Harken offered a Dallas base from which to look for a new business and think about politics. But around Thanksgiving he learned from a former partner that a group attempting to buy the Rangers probably would fail to get American League approval. Always fascinated by baseball, Bush hesitated not a moment. Well before opening day in April, he had assembled a syndicate of investors far wealthier than...
Ferruzzi says its purchases -- a reported 30 million bu. of soybeans in the past 18 months -- were a legal effort to ensure adequate supplies for its customers. Many traders believe Ferruzzi's two largest U.S. rivals, Archer Daniels Midland of Decatur, Ill., and Cargill of Minneapolis, felt the pinch from rising prices and complained to the c.b.o.t. Said one trader: "Older, established firms ganged up on the new, foreign kid on the block." With prices taking a near panic dive, Ferruzzi has already lost an estimated $10 million. Harder hit may be U.S. soybean farmers, who last week...