Word: soda
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Dates: during 1960-1969
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...competing company by 1971. That only dramatizes the company's overreliance on a single commodity; despite its other interests (including Revere Sugar, Tropical Radio Telegraph Co.), bananas still account for 65% of its business. Consequently, United Fruit last year acquired the J. Hungerford Smith Co. (manufacturer of soda-fountain syrups) and the A & W root beer-stand system, only last month bought up the Baskin-Robbins chain of franchised ice cream parlors. All this, management hopes, will keep United Fruit's earnings as rich as a banana split...
...themselves. Eventually Solvay partners will reap a four-for-one stock split, and since not all of the new shares will be fully negotiable, the family will remain the biggest shareholder in the chemical complex that grew from Ernest Solvay's 106-year-old process for making chemical soda into a company with 30 plants in twelve nations on three continents...
...continue Castello Branco's tight-money program-but not at the expense of development. In the Northeast, the government's regional development agency, called SUDENE, is luring new industry with special tax incentives and is helping build a $37 million potassium-fertilizer factory, a $44 million caustic-soda plant and an $11 million tire plant. Brazil is building the new $25 million, 15-story Panorama Palace Hotel on a Rio hill side overlooking Copacabana Beach; it will be Latin America's largest and lushest hotel. The massive 4,000,000-kw. Urubupunga Project going...
Beer cans, eggs, paint, soda bottles, chunks of concrete, and pieces of steel showered from Manhattan skyscrapers. One girl was struck on the head by a bottle of paint dropped from a thirtieth floor window. The paint splattered fifty feet and the girl was taken to a hospital unconscious...
...outrageously expensive. Per capita income is only $2,100-about $600 less than on the mainland. Yet, since most staples must be imported, prices average 25% over those Stateside. Electric bills average $45 monthly, eggs cost 99? a dozen, soft drinks average 75? for a large bottle-making the soda as costly as the Scotch. Housing is astronomically high: a fair-sized lot with a modest home can run as high as $75,000. Bad roads are made even more hazardous for tourists by the custom of driving on the left. Water is so scarce that some areas are without...