Word: exportability
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Dates: during 1970-1979
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...your piece on drinking in Japan [May 22]: A country that spends more money on alcohol than on weapons is at least a peace-loving nation. And the day may come when those sake-nipping Nipponese workers work less hard and export fewer cars, television sets and steel to the U.S., thus curing the most serious areas of trade imbalance between the U.S. and Japan...
...more than 32 jets. A further quarter will be provided by internal cash flow generated by its policy of using speedy six-year plane depreciation (vs. about 15 years for most U.S. airlines). The rest, or about $450 million, will be financed externally. Says Pillay: "We shall approach the Export-Import Bank for about $360 million and get the rest from commercial U.S., European and Asian banks." If any part of the deal goes wrong, Pillay figures that he could get a loan from a "Middle Eastern country...
...March trip to South America was more than a social success; it cost $21,000, but he brought back an export deal worth nearly $2 million...
...considered, especially because Alaskan oil shipped through the Panama Canal is even costlier than OPEC oil on the East Coast. One idea is a three-way trade: Alaskan oil could be shipped to Japan, replacing OPEC oil that would then be sent to the U.S. East Coast. Problem: the export of Alaskan crude would raise a political storm...
...oceangoing lines would seem now to be the most incautious of endeavors. Overcapacity and underpricing, especially by the Soviet Union, have driven a lot of companies to desperation. Pacific Far East Line has sheltered under Chapter 11 of the bankruptcy laws. Farrell Lines has acquired American Export Lines, whose parent company was just discharged from Chapter...