Word: wool
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Dates: during 1960-1969
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Indeed it must. As a staunch little island of welfare-statism since the late 1920s, Uruguay now has so many built-in giveaways (among them: full-pay retirement as early as age 55) that the Nebraska-size wool-and-beef-producing country is on the brink of bankruptcy. The Council, which operates by majority vote, spends most of its time bickering. When it does make a decision, the effect is severely limited by autonomous state agencies that exert an enormous influence on the nation's economy. The state-owned power company can raise gas and electricity prices whenever...
...American women took to thermals for other reasons. "I love that oldfashioned, hand-knit look," said one New York housewife. "I'm so tired of everything being made slick and plastic and impersonal." Housewives also value its practicality: while wool blankets tend to emerge from the washing machine feeling like congealed cardboard, cotton thermals neither stiffen nor shrink, and they do not carry the static electricity that is the plague of lightweight synthetic brands...
This season the industry's ugly duckling is getting the full beauty treatment by manufacturers intent on covering the whole market. The thermal now comes in wool, rayon, Dacron, Creslan and Acrilan, as well as the popular cotton, and in shades like curry, persimmon, melon, hollyhock, sand and avocado. It may be bound in velvet or nylon suede, patterned in flowers and leaves, checks and tweeds, stripes and plaids...
Then the deposed president of the San Francisco bank, Don C. Silverthorne, whose "gross dishonesty" Saxon had blamed for its collapse, turned up at the hearings and told newsmen in a corridor confrontation that he gave "booze, cigars and virgin-wool shirts" to both Saxon and his West Coast regional director, Arnold E. Larsen. "I don't give liquor by the bottle," smiled Silverthorne. "I give it by the case...
Perilous Balance. As might be expected in such a country, New Zealand has problems, and solutions cannot be put off until tomorrow. One big problem is a dog-chasing-tail economy: with little industry of its own, the country depends heavily on exports of its butter, beef, mutton and wool to balance the steady flow of imports that its people need. The balance has become so perilous that New Zealand has decided to make some major changes in its economy. Last week the government approved the creation of a native steel industry that will refine ore from New Zealand...