Word: wool
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Dates: during 1970-1979
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...five-hour-long morning services of atonement, they found the streets filled with speeding trucks, buses and Jeeps. The Israeli radio was back on the air. All afternoon its broadcasts of news bulletins and classical music were interrupted by such incongruous phrases as "meat pie," "sea wolf" and "wool string"-military codes calling reservists to duty. By late afternoon, virtually every Israeli-and much of the rest of the world as well-knew that what Defense Minister Moshe Dayan defiantly called "all-out war" had begun again...
...fashion in a nation surfeited with material abundance, but now it may be on the verge of a comeback. At the height of its biggest boom, the U.S. seems almost to be based on an economy of scarcity. Shortages of an astounding variety of goods-fuel oil, nonferrous metals, wool, copper, cotton denims, vinyl records, plastic bottles, to name a few-are jacking up prices, interfering with production, and in some cases directly threatening American living standards...
...food-price spiral. A stronger dollar would also mean that American consumers would have to put up fewer greenbacks for imports like Japanese cars and French wines, and U.S. manufacturers would have to pay less for high-priced, short-supply items from abroad like Ghanaian cocoa and Australian wool, thereby relieving domestic inflationary pressure...
...pinch on U.S. supplies of grain and beef is only part of a worldwide scarcity of raw materials. For almost every important commodity - meat, wheat, rice, soybeans, wool, cocoa, copper, lead, rubber- world production is falling behind ravenous demand, and hectic bidding for supplies is rocketing prices. A Reuters index of commodity prices leaped 91% in the twelve months ended July...
...WOOL: A long period of low prices and drought cut the sheep flock in Australia, the major supplier, from 180 million in 1970 to 142 million last March. Since 1970-71, prices have soared from...