Word: zambian
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When government ministers from four of the free world's main copper-exporting countries gathered in the sweltering Zambian capital of Lusaka on June 1, the copper-consuming nations had every reason to worry. The idea, as conceived last fall by Zambian President Kenneth Kaunda and Chilean President Eduardo Frei, was to set up a price-and-quota-fixing copper cartel to control the world market. After all, their countries plus Peru and the Congo produce 70% of the earth's copper sold for export. * With economies largely based on copper, all four nations have suffered...
...most of the conferees viewed the result as a good start toward stabilizing copper's violent price swings, which chiefly reward speculators. "From now on we will have harmony in our policies," beamed Javier Pérez de Cuéllar, Peruvian Foreign Secretary General. "This conference," added Zambian Foreign Minister Simon Kapwepwe, "should be a lesson to all underdeveloped countries. Those who grow sugar and coffee should start coming together...
...Abominably Dishonest." The danger was that Britain might lose control of the punishment. Now that the matter had been hauled to the U.N., the Afro-Asian nations were demanding far tougher measures against Rhodesia. Ethiopia's Emperor Haile Selassie called for troops to throw out the Smith regime. Zambian Foreign Minister Simon Kapwepwe took the floor of the Security Council to rage that Britain was "abominably dishonest, wicked, hypocritical and racist." He demanded a total economic blockade against Rhodesia and any nation that dared trade with...
...barley water as warm-weather refreshers, upper-caste Indians serve them at wedding receptions, and Middle East businessmen offer them to visitors as an alternative to Turkish coffee. Europeans mix their whisky with ginger ale or lemon-lime. White Rhodesians have a fad on for brandy and Coke. Zambian copper-belt workers, who once paid threepence for a home-brewed raspberry drink, now pay sixpence for "sophisticated" sodas. Everywhere, increasing ownership of refrigerators has lifted soft-drink sales. In Hong Kong, U.S. brands hold 60% of a $13 million market against such competitors as Pearl River, an aerated bottled water...
...shortage will probably get worse before it gets better. Among other things, Zambia's political decision to stop shipping copper through Rhodesia creates a bottleneck that may by year's end leave 150,000 tons of Zambian copper awaiting transport. To copper producers, the great danger is that higher prices and uncertain supplies may cause copper users to switch rather than fight...