Word: exportability
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...particularly needs to improve its export sales, because the economy is unlikely to benefit from any significant gain in spending among American consumers next year. Since the recovery is so far along, much of the demand for major items, such as houses and autos, that built up during the last recession has been satisfied. While consumers remain fairly confident, they have already gone on an extended shopping spree paid for by a heavy load of installment debt. Just this past fall, millions of consumers rushed to the auto showrooms to take advantage of cut-rate financing offers. "They...
...civil rights leader, the Rev. Jesse Jackson achieved his greatest gains -- and publicity -- through boycotts of consumer products whose makers discriminate against minorities. Now Jackson has taken his campaign to Japan, whose auto and electronics corporations not only export to the U.S. but are a growing presence in American manufacturing. At rallies and press conferences during his five-day visit, Jackson attacked Japanese firms for ignoring minorities. He asserted that blacks in the U.S. own some 2 million Japanese cars but have fewer than five dealerships nationwide. If Japan's businesses do not enter into a "mutually respectful and beneficial...
Next, at least three arms-export laws include bans against the export of U.S. arms to countries that support terrorism -- and the Reagan Administration has formally identified Iran as such a country. The laws do provide waivers that allow the President to skirt them in the event of a crisis, but they generally stipulate that the White House notify Congress, which it did not do. More generally, the Intelligence Oversight Act requires prior notice of covert operations to the House and Senate intelligence committees...
...free to compete around the world with the British bank. Said he: "We are a very powerful bank, and we can continue extending our business abroad." Experts consider the bank's $116 million price tag a bargain for the South Africans. Moreover, because of tight currency rules that prohibit export of capital except at unfavorable exchange rates, the British Barclays will keep the proceeds from the sale on deposit in South Africa for at least a year...
Since many Japanese firms have traditionally relied on a growing export market, the change in currency values is devastating. Last year Japan's $174 billion worth of exports accounted for more than 13% of the country's GNP. But this year exports are likely to fall. Shipments of color TV sets in October were down 49% from the same period of 1985, the third consecutive monthly drop. The Japan Automobile Manufacturers Association calculates that at an exchange rate of about 160 yen to the dollar, auto exports to North America will decline 28% in the year ending March...