Word: wool
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Dates: during 1950-1959
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National Association of Wool Manufacturers Boston
...Eisenhowers and a bust of George Washington for the visitors), enjoyed themselves so thoroughly that an hour slipped by. Then Batlle Berres hopped a plane for a Boston dinner date, spent the next two days being feted at breakfasts, luncheons and dinners and talking about boosting sales of Uruguayan wool to New England mills...
...life seemed much the mixture as before. Looking a trifle wan (she was getting over a cold), the Princess ventured out to see a preview of next year's fashions. Stars, once often seen in her impish eyes, now spangled a veil pendent from her hat of brushed wool...
...fight for Uruguayan wool in Boston and Uruguayan beef in Chicago," announced President Luis Batlle Berres in Montevideo last week. "I'm going to converse, discuss and fight in a friendly way to defend Uruguayan interests." Thereupon, Batlle Berres and his wife took off for a twelve-day state visit to the U.S., at the special invitation of President Eisenhower. The itinerary was loaded with wreath-layings, state dinners, speeches and sightseeing. But President Batlle (pronounced Bat-zhay) Berres took his finance minister with him, and some serious talk on economic matters-perhaps even U.S. loans-was clearly expectable...
...though Uruguay has rare freedom and with it one of Latin America's highest standards of living, it also has mounting financial problems. The national debt total for the past three years is $72,800,000, and the government has plans to borrow another $190 million. Wool sales are lagging behind because of low prices on the world market. A wheat surplus, spurred by government subsidies, is snowballing. To complicate matters, the subsidies have encouraged cattlemen to reduce herds and convert pasture land to wheat. As a result, many of the country's packing and canning plants...