Word: european
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Dates: during 1960-1969
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...goods of other countries-and nobody knows this better than Lyndon Johnson. "Nontariff barriers," he said in his balance of payments statement last week, "pose a continued threat to the growth of world trade and to our competitive position." In particular, the President expressed concern over foreign-mostly European-nations whose tax systems give "across-the-board tax rebates on exports which leave their ports and impose special border tax charges on our goods entering their countries...
Johnson had special reason to be disturbed about a new European tax scheme pioneered by France and Denmark. Last week West Germany adopted it, and several other European countries are planning to follow suit. An excise-type levy on goods produced (the U.S., by contrast, usually taxes only the profits of companies that make the goods), the new tax figures to streamline the traditional European system, which heretofore has resulted in a maze of overlapping assessments. It thus will make it an easier bookkeeping matter to rebate the full tax paid by exporters and, at the same time, to exact...
...felicitous marriage. Boveri's father-in-law, a wealthy Zurich silk merchant, provided the partners with an initial $170,000 stake. But technology was B.B.C.'s real dowry. The firm built a pioneering standard-gauge electric locomotive in 1899, rolled a long way with the expansion of European railroads, and soon began turning out early designs in circuit breakers, turbines and other heavy gear. And while its labs now work on cryogenics, lasers and other new technologies, B.B.C. continues to improve the old ones. A recent B.B.C. breakthrough in rotor-blade design will permit its American Electric turbines...
...Boveri, son of the founder, in 1966 (no Brown has been with the firm since 1941). While his three managing directors run day-to-day operations, Schmidheiny has been tuning B.B.C. up for a broad assault on the lucrative U.S. market. He thus considers it fortunate that, unlike most European firms, B.B.C. has not based its production on licensing agreements with the large American companies...
Director Marco Bellocchio's family name means "beautiful eye"- and European cinema buffs are satisfied that it is a highly suitable patronym. On the basis of only two films, they are already hailing Bellocchio as Italy's brightest movie light since Antonioni. The 28-year-old son of a lawyer from Piacenza, Bellocchio won the Silver Ribbon, Italy's Oscar, with his very first effort, Fists in the Pocket (1965). His China Is Near (1966) won the special jury award at last summer's Ven ice Film Festival. Both films are now being released...