Word: timber
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Dates: during 1960-1969
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Some Western manufacturers hope that the U.S.-Soviet nuclear test ban agreement will stimulate more orders from Moscow. Russia is the East's biggest trader, last year exported $1.9 billion to the West, mostly in furs, oil, iron ore and timber; it imported $1.7 billion worth of Western goods, chiefly machinery. To conserve its supply of hard monies, Russia tries to barter whenever possible, and its biggest success so far was sending 82 million bbl. of oil to Italy's state-run E.N.I, in return for large shipments of machinery and a chemical plant that the Italians...
...Spanish Guinea, which is made up of the "provinces" of Rio Muni, a Maryland-sized West African enclave lying between Gabon and Cameroon, and the adjacent islands of Fernando Po and Annobón. The colony's 225,000 Africans, who harvest its coffee, cocoa beans and timber, and 5,000 Europeans will be encouraged to elect a rubber-stamp Parliament loyal to El Caudillo...
Rise of the Critics. Meanwhile the country's timber-based economy stagnated. This year France cut off its $1,100,000 annual dole, and Youlou raised taxes. Basic food prices doubled, and as bush people kept streaming into crowded Brazzaville, 19 out of every 20 Africans in the city were without work. Then Youlou made his worst mistake-he asked Guinea's demagogic, leftish President Sékou Touré for a visit. Instead of uttering niceties, the guest electrified the locals with denunciations of African leaders who turn wealthy bourgeois...
Yaleman Cox, 53, has made a lot of money in business (timber, mining), and lost a lot in sports, investing in such dismal properties as New York's inept football Yankees of the early 1940s, Brooklyn's short-lived football Dodgers, and the Philadelphia Phillies baseball team, which finished seventh the year he owned it. A few years ago he foolhardily set out to bring big-time soccer to the soccer-resistant U.S., founded the International Soccer League. It has lost money, predictably, but this year's overall attendance, 288,743, was roughly double the 1960 total...
...tiny admirer, Governor George Romney, 55, enjoyed himself at the annual Tulip Festival in Holland, Michigan. Before the day ended, Romney was out there in costume scrubbing the streets-and his demonstration that a new broom sweeps clean must have pleased Republicans who see the Governor as presidential timber for 1964. Soon to come on Romney's busy schedule is a speechmaking date in Washington at the National Press Club, a favorite proving ground for potential candidates...