Word: exportability
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...year. Mantegna worked on the deeply spiritual canvas between 1495 and 1505, when he was court painter for the worldly Gonzagas of Mantua. They would have appreciated the jealousies the sale has triggered. Britain may still seek to keep the painting in the country by refusing to grant an export license. And Daniel Wildenstein, an unsuccessful bidder, howled, "I am furious not to have the picture." The Marquess of Northampton, however, was said to be delighted by the price. But then, of course, he was the owner...
...question of the brain drain is of extreme importance to many Third World countries. There are impoverished countries that now export to the U.S. highly trained personnel, such as engineers, scientists and physicians. It is tragic that many Third World physicians have gone off to the U.S. in search of the good life. You should change your immigration rules so as to deny permanent residence to all professionals coming from Third World countries that need their services. Those who come to the U.S. to receive special training should be obliged to return to their own countries once that training...
...capacity to respond to international competition. During the past twelve months, Europe has pushed ahead at close to an average 3% annual rate, while the U.S. has expanded at only 2%. The European upswing, moreover, is expected to last another twelve months or so, fueled by a backlog in export orders, healthy profits in many industries and a rise in consumer spending...
...meeting in the Swiss banking center of Zurich. Hans Mast, a University of Zurich lecturer and executive vice president of Crédit Suisse, pointed to Western Europe's estimated trade surplus of $25 billion this year, compared with $10 billion a year ago, as evidence that an export boom is propelling most of the growth. Western Europe this year is expected to have a surplus of $30 billion in trade with...
...much for Afrikaner hard-liners but not nearly enough for black political leaders of any persuasion. Unhappily for the government, the reforms coincided with a deepening economic crisis, the worst, in some Johannesburg analysts' view, since 1929. The price of gold, which provides more than 50% of South African export earnings, has held stagnant since 1983, and inflation (now 16%) and unemployment (estimated at 8.4% among the work force) were on the rise. The recession hit blacks hardest, and under the twin pressures of economic squeeze and political dissatisfaction, violence flared in the black townships. Much of it was directed...