Word: wool
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After more than half a century of prosperity and welfare-statism, South America's smallest republic had grown increasingly noncompetitive in world markets with its two main exports: beef and wool. State-owned enterprises, which employ a quarter of the labor force, had grown to what Pacheco calls a "three-bodies-for-every-job bureaucracy." Pensions, which working mothers, for example, can start collecting after ten years on the job, had become a way of life. Huge, Communist-backed unions were constantly on strike...
...filled with wool from Britain and Commonwealth nations, the woolsack traditionally symbolizes the landed gentry that forced King Edward III (1312-77) to concede power to Parliament in return for tax revenues...
...International Beauty Pageant on ABC. Another variation: sponsors offer a free package show to stations on a syndicated basis; in return, the sponsors are allowed to title the contest with the name of their products. Thus last year viewers in 76 cities saw 20 girls competing to be Miss Wool of America (the title Miss Virgin Wool apparently did not have the right ring...
...school is still Rudi Gernreich, whose 1964 topless set off the exposure explosion. In his 1968 collection, he compromises slightly by using see-through vinyl to hold together the tops and bottoms of his bathing suits. He says: "Only the areas that must be covered are covered-with wool knit." But at least he concedes that coverable areas exist, which for Gernreich is something...
...most popular toy." Still, it is only one of a menagerie of 250 different stuffed animals running the gamut from A (alligators) to Z (zebras). Visiting toyshops and department stores in the U.S. last week, Steiff was taking orders for everything from a thumb-sized ladybug made of clipped wool (60?) to an 8½-ft.-tall giraffe covered in mohair plush ($500). The company's 2,100 workers also turn out life-sized gorillas, kangaroos and buffaloes. Total production amounts to 3,500,000 individual animals a year, and all are handmade...