Word: swaps
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Dates: during 1960-1969
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Declines & Disappointments. The Communists try to swap their raw commodities for sophisticated capitalist technology, but recently they have been forced by crop failures to import fewer Western machines and more Western food. For both Russia and Communist China the biggest import from the West is grain. China now takes more than 50% of Australia's wheat exports and 10% of Canada's; last week it agreed to buy about another $100 million worth of grain from Canada. Most of the U.S.'s $340 million worth of exports to the East last year was in the form...
...proved that it was no fluke by losing 2-1 in an exhibition next day against their cross-town baby cousins, the New York Mets. (The Mets had prepped for the game by losing six straight in the National League.) Then the Yanks shuffled off to Cleveland to swap condolences with an old friend, Pitcher Ralph Terry, who won 76 games for the Yanks before he was traded to the Indians last October...
Ministerial Swap. At 75, Ho is the senior Communist leader in Asia. Red China's Mao Tse-tung was still a party underling in 1923 when Ho was tapped by Stalin to lead the revolution in Asia. Though Mao now swings more weight, Ho is reluctant to accept him as any kind of overlord, subtly and cautiously tries to play Mao off against the Russians in order to secure greater freedom of action for himself. Says one Western diplomat admiringly: "The older Ho gets, the more skilled he becomes at playing one man against another, one faction against another...
Dossiers. When they are not thus engaged, the Angels-sometimes accompanied by the young children of a member and by the unmarried females who hang out with the club-often rent a dilapidated house on the edge of a town, where they swap girls, drugs and stolen motorcycle parts with equal abandon. In between drug-induced stupors, the Angels go on motorcycle-stealing forays, even have a panel truck with a special ramp for loading the stolen machines. Afterward, they may ride off again to seek some new nadir in sordid behavior...
Last week the two companies that have fattened on the American craving for fizz and chips decided to nibble on that $4.5 billion market together. Unless stockholders or the Justice Department disapprove, Pepsi will swap $213 million worth of its shares for all of Frito-Lay. Herman Lay will be chairman, and President Kendall the chief executive of a new company to be called Pepsi...