Word: costs
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Dates: during 1970-1979
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...husband wowed her with the gift of a rare and incredible gem: a $1.2 million, 69.42-carat diamond. Now that Richard Burton has gone his way and Taylor is married to John Warner, the apricot-size gem has, for Burton at least, become love's labor's cost. Taylor, taking advantage of changing markets as well as men, quietly sold the stone for nearly $3 million to New York City Jeweler Henry Lambert. Two bidders, neither of them American, are dealing with Lambert for the clear white, 58-facet stone. Both want the diamond as an investment...
...decade-old trade row over winter vegetables threatens to erupt again. Responding to complaints from some Florida growers, the Treasury Department has begun investigating whether Mexican exports of tomatoes, eggplant, bell peppers, squash and cucumbers have been "dumped" in the U.S.-that is, sold at prices below their cost of production. Should the Mexicans be found guilty of violating the antidumping law they would have to pay duties on their produce to cover the margin of dumping. The issue is hot. As a State Department specialist puts it: "We have much bigger interests at stake in this matter than merely...
...tomatoes alone account for almost 50% of all winter tomatoes sold in the U.S. The Florida growers claim their Mexican rivals produce too much and then are forced to dump in the U.S. before the vegetables perish. The Mexicans counter that the Floridians are trying to protect their higher-cost industry...
Treasury is expected to issue a preliminary finding by mid-July. State Department policymakers worry that action penalizing Mexican exporters would be a classic case of myopic policy. White House Inflation Fighter Alfred Kahn reckons that the lack of low-cost Mexican produce could add .5% to food prices. Two powerful Floridians on the House Ways and Means Committee, Democrat Sam Gibbons and Republican L.A. Bafalis, have blocked one measure that would have exempted produce from antidumping laws. Now it is up to Treasury to see if the case can be settled so that the U.S. will not find...
...town of Elmhurst, Ill." George Hindy, manager of Boston's 52-story Prudential Tower and its companion building, thinks he can comply with the regulations, but only if he assigns about a dozen men to the two-week task of readjusting his 4,000 thermostats. The cost...