Word: cocoa
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Events abroad, also well beyond Carter's control, had conspired to aggravate inflation. OPEC'S quintupling of oil prices inspired the money-poor but materials-rich nations of the Southern Hemisphere to pump up prices for commodities as disparate as copper, tin, rubber, jute, cotton, bauxite, coffee, cocoa, tea, sugar. Instant communications-TV and transistor radios-spread the message of the good life. People in Timbuktu no less than in Toledo demanded more-more than society could reasonably produce. Communication, education and sophistication enabled the world in the 1970s to virtually defeat smallpox-and helped make just about...
...northeast of St. John's, Newfoundland, flying at 15,000 ft. The temperature was down to zero in the gondola, but angora long Johns and a portable heater kept the men from suffering frostbite. Their menus, chosen by their wives, consisted of a breakfast of hot coffee or cocoa with doughnuts and raisins; high-protein sardines and hot dogs later in the day; and plenty of vitamins...
...that trail-blazed black African decolonization 21 years ago has since had an unhappy political record. Kwame Nkrumah, Ghana's Osagyefo or Redeemer, was deposed by a 1966 military coup because his grandiose economic mismanagement had hobbled the nation with debt at the same time that the world cocoa market slumped. The next civilian government lasted only three years before Prime Minister Kofi Busia was ousted by the army. Last week General Ignatius Kutu Acheampong, 46, who took over in 1972, met a similar fate. Acheampong suddenly resigned from the army and as chairman of the ruling Supreme Military...
...infield shimmers with color, a kaleidoscope of uniforms and warmup suits. One thousand college and high school athletes jog slowly back and forth, stretch and massage tight muscles, crouch in imaginary starting blocks, huddle with coaches for last-minute strategy sessions, or loll on the synthetic green turf, sipping cocoa and waiting. Susan White, a 19-year-old hurdler from the University of Maryland, surveys the scene. There is a trace of awe in her voice: "When I was in high school, I never dreamed of competing in a national meet. People are finally accepting us as athletes...
...industries. But the majority of LDCS have been knocked backward in the 1970s by a devastating one-two punch: oil price boosts that have raised the cost of running the most primitive factories and farm machines, and recession in the industrial world that has restricted markets for cotton, copper, cocoa, tin and other raw materials sold by less developed lands. In many countries of Asia and Africa, economic growth rates have dropped to around 2% a year - not enough to keep up with population expansion, which averages 2.6% for the LDCs. The poor countries have borrowed a staggering $200 billion...