Word: buying
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Dates: during 1960-1969
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...travel to mainland China. The new regulation allows travel to China-without special application to the State Department beyond normal passport procedures-for members of Congress, teachers, scholars with postgraduate degrees, undergraduates, scientists, medical doctors, Red Cross representatives and journalists. The relaxed rule also permits U.S. tourists to buy up to $100 worth of goods manufactured on the Chinese mainland. Substantively, the changes could not be considered as very important. As the U.S. expected, Peking immediately denounced them, though in fairly calm language. Obviously, few Americans will be given entry visas by Peking. While the announcement probably brought...
FORBIDDEN fruit always tastes sweetest, and that is one reason why U.S. travelers in the Orient have often been tempted to buy goods made in Red China. Not until last week did the State Department belatedly drop its total prohibition against such imports and declare that returning tourists may bring back $100 worth of Chinese merchandise (see THE NATION). The dispensation delighted shopkeepers in Singapore and along Hong Kong's sleazy Upper and Lower Lascar Row ("Cat Street"). In some of the larger Peking-controlled emporiums in Hong Kong, English-speaking shopgirls stood like smiling spring flowers beneath...
What should the tourist buy? Certainly not Chinese clothes, leather goods or toys, which in general are costlier or less stylish than those from other countries. Chinese ivory is not so fine as Thailand's. High-quality Chinese jade is exorbitant: an inchlong pendant, for example, sells for about...
...Right Price. There was more, of course. He had a fine sense of the exact price to put on a new securities issue, just enough to tempt investors to buy. In the 1930s, when company boards usually did little but give ceremonious approval to management decisions, he popularized the role of the working director-demanding that management circulate agendas for board meetings and supply directors with figures to study in advance. In his career, he sat on the boards of more than 30 companies, including Ford, Sears, Goodrich, General Electric and General Foods...
...liberalize its economy, the U.S. and other nations may well intensify an already strong backlash against Japanese exports. The U.S. restricts imports of Japanese steel and threatens to set quotas on textiles (TIME, July 4). Thailand recently banned imports of Japanese used cars and tires until Tokyo agrees to buy more Thai rubber and corn...