Word: exportability
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Dates: during 1970-1979
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...Such a change would further hamper capital investment, which is crucial to economic progress and job creation. This centerpiece of the tax program is the most likely to be deferred. Yet Carter will probably attempt to raise taxes on income earned abroad by subsidiaries of U.S. corporations and on export earnings of companies that set up domestic international sales corporations. He may try to pare deductions for gasoline taxes, sales taxes and medical expenses. He has shown no sign yet of backing down from his effort to dry up the celebrated "three-martini" business lunch by forbidding at least part...
Cambodia has become a net exporter of rice. There is food available, but so much is reserved for export that the standard meal has become fish gruel and banana leaves. Even that is served in communal dining halls, which helps accomplish two government aims: to break up family life and limit opportunities to hoard food, which is needed for escape. Family names are being wiped out in the new order. Cambodians are now referred to by their controllers and the government simply by surname, with the term met (comrade) in front. Comrades are expected to do what they are told...
...have turned up documents that tell an amazing tale of market rigging. The cartel-known as the Club to its members-was organized by the Canadian government, initially to prevent what in 1972 looked like an imminent drop in the price of one of Canada's most important export commodities. At the time, the world supply of uranium exceeded demand by 400%, according to some estimates, and if newly discovered deposits in Australia had been made available to the world market, demand would have been unlikely to catch up with supply until the early 1980s. As it happened, Australia...
...soar to more than $10 billion. Meanwhile, an alarming rise in inflation (40% this year alone) has slowed real economic growth, from a 10% annual average to zero in 1977. Any thought of engineering a turnaround by expanding the Labor Party's elaborate, 29-year-old system of export subsidies and import duties was anathema to Begin, who during his election campaign had promised less government interference in the economy. Instead, said Begin's top aide, Yehiel Kadishai, "we are going from a welfare state to a state where workers will fare well...
...strike has had little effect on the nation's economy; expecting the inevitable, importers and exporters rushed container ship deliveries through the ports before the deadline. Although past dock strikes have frequently been ended by Taft-Hartley injunction, the Carter Administration has pledged to keep hands off for the moment to allow the free collective-bargaining process to work. If there is no quick settlement, the I.L.A. threatens to extend the strike to other types of vessels besides container ships. Oil tankers, which haul the nation's biggest import, would not be affected (no longshore labor is required...