Word: boons
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When it was first announced last summer, the $1.1 billion grain sale to the Soviet Union was almost universally applauded. It promised to be a boon for U.S. farmers, a welcome assist to the nation's balance of payments and a step toward warmer relations between East and West. For all its genuine long-term benefits, however, the largest two-nation grain deal in history has produced a bumper crop of trouble. Now, as public discontent grows over rising food prices, the Administration's feckless handling of the transaction is being widely condemned...
...week U.S. steelmen, ignoring the enormous presence of American business round the world, began to grumble about the competition that they may face from an $18 million mini steel mill being built for a Japanese consortium in Auburn, N.Y. Yet the surge in direct foreign investment is a golden boon for the U.S. It will help offset the persistent deficit in the nation's balance of payments and provide new technology for the American economy. How do American workers shape up in the eyes of their foreign bosses? In a wry comment on Sony's plant...
...WHITE sector of Namibia has enjoyed a boon economy since World War II due to increasing numbers of foreign corporations investing in mineral extraction. Meanwhile, the South African government has given no consideration to reserving Namibia's resources...
...Boon. The only thing that has saved Ghana from economic disaster is a steep rise in the world price of cocoa, which has doubled since the Redemption Council came to power. Since Ghana produces more than one-third of the world's cocoa and depends on it for 70% of its foreign exchange, the boon has given Acheampong a chance to try to restore Ghana's credit overseas. He is said to be ready to negotiate a rescheduling of the country's debts, but he is hoping for some very sweet terms: a ten-year moratorium...
...months the regulation has been in effect, it has been an almost perfect boomerang. Instead of promoting original programming, it has sent the local station managers scurrying to producers who imitate hits of the past. Instead of promoting TV production round the country, it has been a boon to Canadian and British producers, who can usually deliver programs for much less than their American counterparts...