Word: exportability
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Alan Garcia has never shied away from controversy. Two years ago, the Peruvian President stood up against international bankers and defiantly proclaimed that his country would limit payments on its $14.3 billion foreign debt to 10% of Peru's export earnings. Last week he dropped another economic bombshell. During a traditional Independence Day speech to the Congress, Garcia said that in order to halt the growing flight of capital from Peru -- an exodus depriving the country of much needed funds for investment -- he intends to nationalize all banks and insurance companies and shut down private currency- exchange houses. Furthermore, selling...
...ranged widely, from pneumonia to heart attacks. But many Japanese are convinced that the real killer was endaka, which means a strong yen. The 40% rise in the value of the Japanese currency since September 1985 has made the country's products more expensive abroad and stalled its vaunted export machine. As companies have increasingly suffered slipping sales and profits, corporate leadership has become more stressful -- and possibly deadlier -- than ever...
...semesters abroad, such a move would force undergraduates to acquire the familiarity with another country that comes only through first-hand experience. And as Bok hopes, these students also could act out their roles as undercover agents for American business, secretly conducting market research for IBM and Ford's export divisions...
...beginning of the year the Dow has risen fully 614.09 points, or more than 30%, a bounteous half-year return by any standard. One reason for the latest rally is a huge improvement in company profits, thanks to corporate streamlining and a declining U.S. dollar, which has boosted export sales...
Maraging 350 steel is a special steel alloy used in the enrichment of weapons- grade uranium. After a 20-month undercover investigation, federal officials in Philadelphia arrested Arshad Pervez, a Canadian of Pakistani origin, on charges of attempting to export the alloy. The apparent destination was Pakistan, which has repeatedly denied charges that its nuclear facility at Kahuta is intended to produce weapons. Democrat Stephen Solarz of New York, chairman of the House Subcommittee on Asian and Pacific Affairs, criticized the Pakistani government of President Mohammed Zia ul-Haq for showing "blatant disregard" for U.S. antiproliferation laws...