Word: woole
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Dates: during 1950-1959
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...Battleground. Many of the truths about Texas sound more like lies than some of the lies about Texas. It is first among the states in the production of oil, gas, mohair, wool, cattle and Angora goats. It has 132,000 oil wells, three highly regarded city symphony orchestras and a housewife who recently ordered a bracelet bangle designed to look like a kitchen sink with diamonds dripping from the faucet. It has the Cullen Foundation, which has set aside $160 million worth of oil properties to endow medical, educational and charitable institutions. One Texan has a million-dollar-a-week...
...most of their history, Newfoundlanders have not had much more than these basic needs. They went out to the grounds and fished for cod. Some of the cod they ate themselves, with "crunchin's" of pork and potatoes. The rest they sold for cash to buy sugar, tea, wool for their homespun clothes, and an occasional keg of "screech" (Newfie...
Danger of a Gallop. But this year Australia ran into economic trouble. Overseas trade, which in 1950-51 brought her a foreign credit balance of $533 million, in 1951-52 produced a deficit of $846 million. Receipts for wool, her chief export, were down 50%. As a result, imports were reduced to vanishing point. With retail prices up 100% since 1945 and the basic wage (upon which union wage scales are computed) almost trebled, there was danger of a galloping inflation. To counter it, able Prime Minister Robert Gordon Menzies acted boldly. He slapped a special 10% tax on incomes...
...tapestries, paintings, ceramics and illustrations, studied the forms and startling colors, then hurried home to write their critiques. Said Paris' Le Figaro: "Lurçat has reached heights of success higher than was expected. Tapestry is à la mode." Said Le Monde: "Lurçat has made the wool sing again...
Gina Lollobrigida is a well-curved, 24-year-old Italian film star whose appearance in a tight sweater has pulled many a man's eyes over the wool. RKO's Howard Hughes has signed her to a contract; LIFE made her a cover girl. In Rome last week, Gina's lawyer was in court, fighting for her honor...