Word: exportability
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...other markets altogether. In fact there are already signs that several important sectors of the West German economy are suffering from the rise in the value of the mark against the dollar, which makes German goods more expensive on world markets. Sales of textiles, a major export, are off 3% from last year. Makers of machine tools, who normally export three-fourths of their production, are reduced to hoping that they can close the year with no more than a 20% drop in exports from 1976. West German Chancellor Helmut Schmidt has fumed privately to friends that in letting...
...case, Bergland anticipates better times soon. Expecting that export demands from the Soviet Union will grow next year, he expresses "guarded optimism" for grain prices. Indeed, commodity prices have risen slightly during the past two months, and farm prices were the largest contributing factor to the 1.5% increase in wholesale prices during that period-just as militant farmers were trying to drum up support for their strike...
Prominent among the doubters is Mike Royko, whose syndicated Daily News column is the city's chief journalistic export - and a favorite Madigan target. Madigan has pilloried the Daily News and its rivals for burying an account of the columnist's arrest last winter in a barroom brawl, an incident Madigan recounted in loving detail. The radio scold frequently delights in picking Royko's nits. The columnist last month reported that Mayor Bilandic, in firing Consumer Sales Commissioner Jane Byrne, had also fired her secretary, the mother of six children. The secretary, Madigan pointed out, was merely...
Complaints that Japan is flooding world markets with cheap exports are hardly new, but never have they been as vehement as this year. With good reason: partly because Japan's home economy-the third biggest in the world, after the U.S. and the Soviet Union-has shown little growth, its industrialists have launched a spectacularly successful export drive. Despite a rapid climb in the value of the yen, which should raise the price of Japanese goods in world markets, the nation's surplus of exports over imports is heading toward a record $15 billion this year, draining money...
Apart from U.S. pressure, Fukuda has other compelling reasons to push for faster domestic expansion rather than more exports. In the third quarter, Japanese production of goods and services, discounted for inflation, rose at an annual rate of only 4.4%. To a country used to much more rapid growth, that has been a shock. Japanese business firms are failing at the high rate of 1,500 a month, and unemployment, for all the vigor of the export industry, has edged up to 2.1% of the work force. In almost any other country, that would be considered low -but Japanese workers...