Word: exportability
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...scenarios throughout the 1980s: the overvalued dollar will destroy American industry; or, the undervalued dollar will hand American industry to foreigners; or, when the foreigners get tired of spotting us, interest rates will shoot up, and we'll have a recession; or, as the trade deficit narrows, domestic and export demand will combine to create inflation; or, the burning of Brazilian rain forests will deprive the world of oxygen, and we'll all choke to death; etc. But the sky hasn't fallen. And trying to persuade people it's going to fall any minute is probably not the best...
...payrolls by some 3.1 million workers, small companies have created more than 17 million new jobs. The Reagan Administration estimates that firms with fewer than 500 employees accounted for 63.5% of all new employment between 1980 and 1986. Small firms have also contributed to the resurgence of U.S. manufacturing exports. In a study of more than 400 small high-tech concerns, the Bank of Boston reported in August that most such companies began to export their products almost as soon as they started operations...
Under Nicolae Ceausescu, 70, Rumanians have long been subjected to one of the world's most repressive and eccentric regimes, a situation that is worsening as Ceausescu imposes ever greater privations on his people while indulging his wild-eyed ambitions. A reckless export drive has stripped grocery shelves of staples, making Rumania the only country in Europe where hunger is widespread and malnutrition on the rise. As beggars panhandle on Bucharest's crumbling sidewalks, welding torches glow night and day at the site of a monumental government complex, part of a multibillion-dollar "modernization" program that has already flattened almost...
Ireland's newest intended export to the U.S. may not have the sparkle of Waterford crystal or the rich flavor of Guinness Stout, but it sure is earthy. The product is peat, the decayed moss that the Irish have traditionally harvested from the bottom of bogs and burned for heat and in cooking. The Irish Turf Board said last week that sometime this fall it aims to start selling briquettes of the material -- packed in shamrock-adorned cardboard boxes containing twelve lbs. each -- in U.S. supermarkets. Ireland's peat harvesters hope the carton of sod will be a popular souvenir...
...contains plenty of election-year goodies for industries. Among them: $2.5 billion in new export subsidies for U.S. farm products, and a provision that will help depressed energy-producing states by repealing the windfall- profits tax on oil and gas. But the drafters of the bill wanted to avoid coddling business. The legislation says industries will be eligible for relief from imports only if they take steps to become more competitive...