Word: exportability
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Another cloud on the horizon is the economy. Industrial output is stagnant. Unemployment hovers around 14% nationwide and runs as high as 40% in some places. Foreign debt has risen to $3.4 billion, and export revenues (primarily from bananas, shrimp and light manufacturing) are falling. Panama is not benefiting much from the country's famous waterway, which was transferred to joint U.S.Panamanian administration under the 1977 Panama Canal treaties. The Big Ditch, historically a not-for-profit concern, last year showed an operating loss of $4 million, reflecting a worldwide shipping slump. One of Ardito Barletta's first...
...long-range Israeli economic recovery, with emphasis on the development of high-technology industries. The two leaders reaffirmed their intention to establish a "free trade zone" between the U.S. and Israel, a plan that the U.S. Congress has also approved. This, Peres hopes, will boost Israel's annual export earnings from $11 billion to $19 billion by 1989. The device is politically ingenious: it allows Reagan to help Israel immediately without simultaneously adding to the burgeoning federal deficit...
During the late 1960s and early '70s, the copper stills of Scotland worked overtime to satisfy the fast-growing taste for the country's malt whisky. The industry grew to employ 25,000 workers, and Scotch ranked as Britain's fifth-biggest export. But after peaking in 1978 at sales of $2.5 billion, Scotch has gone on the rocks. In a report issued last week' Britain's National Economic Development Office stated that distillers are working at about 50% of capacity and that industry employment has fallen by about...
...maybe, Reagan thought, they do have problems that nobody here can imagine. Maybe, Reagan told Gromyko, there were reasons for the Soviets to distrust and fear the U.S., though this country had never proclaimed its desire to export its system around the globe. The fact was, said Reagan, the superpowers now just had to set aside all their accumulated suspicions and prevent nuclear...
Those who seek a more effective way of purring pressure on the Afrikaner government need not look far. Last year, for example, bills were introduced in Congress, and passed the House of Representatives to mandate fair labor Practices, limit bank loans, impsose export controls, and forbid all new American investment in South Africans. Whatever one may think of these bills, those who favor divestment must concede that such legislation would be a vastly more effective means of achieving their objective. Nevertheless I have not observed substantial numbers of persons on this campus working actively for the passage of these measures...