Word: barter
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...week passed the new foreign trade bill giving the President unprecedented power to cut tariffs (see THE NATION), the majority of U.S. businessmen cheered. The burgeoning of Europe's Common Market had left the U.S. little alternative to an all-out drive for freer trade; the U.S. must barter down...
Though it contains only 92? worth of silver, the thaler's barter value varies from country to country, ranges up to $1.50 in Ethiopia. No one knows how many thalers are still in circulation, but at least 320 million have been minted, and the minting is still going on-but with a difference. Under prodding from Austria, the British fortnight ago promised to stop coining thalers, thus leaving the Vienna mint as the sole source. The move delighted Austrian bankers, who sell new thalers for $1.04 apiece and make an 8? profit on each one. To the bankers...
Exports: Peanuts, cotton, rice. Per capita income: $33. U.S. aid (1961): $2,500,000. Also aided by Reds. No industry; 1960 break with Senegal cut off Mali from its port. Signs of disillusion with Red barter deals. Syphilis rate 15%, as in most of ex-French Africa...
G.I.s learned about Meissen when it was a major barter item on the German black market immediately after the war and transmitted a taste for it (as well as whole cases of it) to their families back home. Recently sales of new Meissen to the U.S. and other Western countries have slackened. Hemmed in by Communist artistic canons, the company has failed to turn out successful modern designs, instead relies on old patterns which contemporary Westerners find too rococo...
...called "conservative targets." The outlook: 4,000,000 tons or less, which, with last year's carryover, will bring Cuba only $336 million, or a bare 53% of sugar earnings in pre-Castro 1957. Even that sum will not be in hard cash, but in high-priced barter goods from the Soviet bloc, which has replaced the U.S. as Cuba's major trading partner...