Word: exportability
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Dates: during 1970-1979
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...wall of isolation around Fidel Castro's Cuba is beginning to crumble. At a meeting in Washington of Foreign Ministers from nations of the Organization of American States, the U.S. State Department announced that the Argentine subsidiaries of Ford, General Motors and Chrysler may now legally export some $80 million worth of autos and trucks to Cuba...
...Peron government. For months Argentina has been pressuring Washington to waive its economic blockade of Cuba and allow some 42,000 vehicles, made in Argentina by American subsidiaries, to be shipped to the Castro government. At issue for the Argentines was not only the commercial value of the exports but also the question of sovereignty: the Buenos Aires government understandably did not like to have the U.S. controlling any aspect of its foreign-trade policy. The Peron government even threatened to expropriate the companies if the export license was not granted. Fearful of that possibility, the three parent companies...
...share-of North Sea reserves was accompanied by a rising sense of cultural pride as, in the words of Scots Folklorist Hamish Henderson, "a civilization claws itself back to life." The blue and white Scottish flag is increasingly flown. The Drybrough brewery prints the flag on its export cans, while the brewer of Tennent's lager pushes the slogan: "It's good ... It's satisfying ... It's Scottish." Scots revel in the fact that the country's soccer team qualified for the World Cup final this year while England...
...plans lies in meeting the high bill for oil-up from $7 billion in 1973 to an estimated $15 billion this year. To do that, Japan will push exports hard while stepping up its battle against inflation at home. Says Takamasa Matsuda, director of research at the Fuji Bank: "The higher oil costs affect every nation, not Japan alone. The increased import costs can be partially absorbed by higher export prices, and the rest of it will be absorbed by more efficient energy use within the country...
...glamour entries were not the only ones in trouble. Beyond the Cape of Good Hope, the "roaring forties" justified their ill repute. Italy's Tauranga lost a crewman to the angry sea, and Dominique Guillet, captain of the French yawl 33 Export, was tossed overboard and lost when his safety harness snapped during a squall. Then came the terrifying moment when heavy seas rolled the Mexican ketch Sayula II so far her masts were deep under water. "There was no warning," recalls Crewman Keith Lorence. "Suddenly there was a big crash and the lights went out. She righted herself...