Word: tobacco
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Dates: during 1960-1969
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Intransigent Right. Both men had at least some compelling reasons to try to reach agreement. The economic sanctions, for example, threaten Rhodesia with permanent loss of the British tobacco market. Yet far from softening Rhodesia's stand, as Wilson hoped, the sanctions have only helped create a more intransigent opposition on Smith's right. When Smith emerged victorious over Rhodesia's extreme rightists in a by-election this summer, Wilson evidently decided that he might never have a better chance for compromise...
...same league with some of the practitioners cited by Dorman; he is a licensed physician with the proper credentials and an impressive personality. He carefully selects patients who are likely to respond to his treatment, which includes rest, good care and good food, and excludes liquor and tobacco. That is enough to insure that many will feel better. But there is no scientific evidence that his cellular treatment has any value, said Dorman, and of course any injection of foreign protein could cause a bad reaction...
...Malaysian state of Sabah. The dispute is one of the more complicated quarrels on the international scene, but is not without a certain fascination of its own. The plot goes something like this; Sabah is a 29,000-sq.-mi. chunk of Borneo, rich in timber, rubber, tobacco and untapped mineral wealth. It is located in the Sulu Sea only 20 miles from the southernmost Philippine Islands. Once a haunt of Moro pirates, Sabah was signed over in perpetuity to the British in 1878 by its ruler, the Sultan of Sulu, in return for an annual honorarium...
Shades of Buck. The battle began after Imperial Tobacco, leader of the industry, decided to sell most of its 36.75% interest in Gallaher to get money for diversification. Philip Morris quickly moved in. Chairman Joseph Cullman III slapped down $110,400,000 for 50% of Gallaher's stock. Cullman's offer had two effects. Gallaher's board of directors stiff-upper-lipped it as "quite inadequate." And a major Gallaher shareholder that up to now had been satisfied with the status quo was shaken into action. American Tobacco has been a part of the market ever since...
...rival by increasing its own share of Gallaher. Apart from prestige, one good reason for doing this was to take control of the company and use it as an English avenue for some interesting new products. English smokers are as taken by filters as American smokers, and American Tobacco Chairman Barney ("Brand-a-Month-Barney") Walker has plenty of brands for the British market, led by fast-selling Tareyton. In addition, Walker can also introduce through Gallaher such products as Mott's apple sauce, Sunshine Biscuits, and perhaps even Jim Beam bourbon...