Word: exportability
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Dates: during 1970-1979
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...sometime plantation boss, Navy officer, newspaper reporter, FBI agent, import-export manager and Texas-based business-school dean flew into Washington to take on a new job. He became the U.S. price czar. C. (for Charles) Jackson Grayson Jr. found that the seven-member Price Commission he was to head had no staff, no permanent office and no secretaries; he had to ring up the Civil Service Commission in Washington to ask how to go about hiring. It was a situation suited to the take-charge spirit of 48-year-old Jack Grayson, who constantly advises associates that "someone...
...periods in 28 major labor disputes, pleading that "national health and safety" required an end to the strikes. The Government was never refused. During the current dock strike, the Attorney General contended that the failure of 200 Chicago longshoremen to load $75 million worth of corn and soybeans for export imperiled the national economy. Federal Judge Abraham Lincoln Marovitz found the Government's case for an injunction "far less reasoned" than required. "Some harm or threat of injury is regrettably a natural, indispensable element of any strike," he said in the first denial ever of a Taft-Hartley cooling...
...group of American firms, including United States Steel Corp., signed contracts to sell $65 million worth of ore-mining and oil-drilling equipment to the Russians in return for $60 million worth of Soviet nonferrous metals. Two weeks earlier, the Commerce Department had approved export licenses for American firms to ship $528 million worth of heavy equipment intended for the Soviet Union's new Kama River truck factory. Meanwhile, the Nixon Administration announced the sale of $130 million worth of corn and other cattle "feed to the Russians...
Least Favored Nation. The U.S. Government has been reluctant to offer credit to the Soviets, and they consider that lack to be the biggest block to increased trade. Congress this year gave President Nixon the power to extend to Russia the same Export-Import Bank financing terms now enjoyed by many U.S. trading partners. Last week the President extended Export-Import Bank privileges to Rumania, ending a three-year ban on U.S. credit to Communist-bloc nations. But Nixon has given no clues as to when such financing will actually be granted to Russia, if ever...
...Russians appear eager to follow up the Stans mission with some probing of their own. A six-man delegation led by the Minister of Agriculture will tour the U.S. next week to examine American farm products for possible export to the Soviet Union. And a high-level mission is expected to land in Washington early next year in hopes of working out the first official Soviet-American trade agreement since...