Word: canadianization
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...basic reason for the Canadian gain is the Jones Act of 1920, which was designed to protect the uneconomic U.S. merchant marine from low-wage foreign competition. Among other things, the Jones Act requires that all shipping between U.S. ports must move in high-cost U.S. vessels. This means that Pacific Northwest lumbermen must pay $36 per 1,000 board feet to ship green lumber to East Coast ports in U.S. vessels, while Canadian lumbermen pay as little as $26 on foreign-flag freighters. Canadian lumber, which is often of better quality than Pacific Northwest lumber, thus consistently undersells...
Desperate for relief, Northwest lumbermen have been pressuring Washington to exclude lumber shipments from the Jones Act, to put quotas on imports of Canadian lumber, and to raise lumber tariffs to the legal maximum of 8%. With the issue pressed by Democratic Congressmen from Washington and Oregon, President Kennedy has pushed through Congress a bill appropriating $165 million for construction of roads into the Pacific North west woods to cut the cost of hauling out logs. But when he tried to amend the Jones Act, the President ran head-on into opposition from maritime interests and from Southern Congressmen...
...Tariff Commission is currently studying the arguments for lumber quotas and tariff increases. And last week U.S. negotiators sat down with Canadian officials in Ottawa to try to persuade them to put voluntary quotas on lumber exports. But the Canadians-who already run a $1.2 billion trade deficit with the U.S.-see no reason to increase...
...little-known Canadian baker named Garfield Weston journeyed down to Wall Street armed with an idea and $10,000. The $10,000 he paid to a Wall Street tipster to get him just five minutes with some of the cash-heavy New York financiers who had made a killing by selling short in the Great Crash. Then, to five of Wall Street's biggest "bears," including Bernard E. ("Sell 'Em Ben") Smith, Weston offered his idea: buy up British bakeries at Depression prices to provide a readymade outlet for Canada's vast supplies of cheap wheat...
Since then, capitalizing on the same combination of audacity, ingenuity and persuasiveness, slim, strong-minded Garfield Weston, 64, has built the biggest business ever fashioned by a Canadian-a food-processing and retailing empire that reaches into nine countries on four continents and last year ran up sales of $3.4 billion. The world's biggest baker and one of its three biggest grocers,* Weston has 400 supermarkets in Europe alone. Among his holdings: the U.S.'s National Tea Co., Canada's Loblaw Groceterias, Australia's Tip Top Bakeries, Britain's huge (more than 200 subsidiaries...