Word: exportability
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...mineral, not bomb material." Only after complicated reprocessing can it be used to make nuclear weapons. It is believed that Israel completed such a reprocessing facility in 1969, and used it to produce a limited number of atomic bombs (TIME, April 12, 1976). The Carter Administration halted all U.S. exports of uranium-including yellowcake-last February, pending a review of U.S. export policies...
Mondale will deliver a tough message to South African Prime Minister Vorster: either change the basic apartheid policy or the U.S. will take concrete action against the regime. Among the possible actions: tightening visa requirements, cutting back credits to South Africa from the Export-Import Bank, severing links between U.S. and South African intelligence agencies...
WEST GERMANY remains Europe's economic locomotive. It has just about recovered its preslump level of industrial output (97%), and its export performance is awesome; the trade surplus totaled $14 billion in 1976. But unemployment remains high at more than 1 million, or 4.6% of the labor force. Chancellor Helmut Schmidt has forecast a 5% growth rate in 1977, but several reliable economic institutes now expect a shortfall, indicating the need for stimulus. Despite fears of inflation, Schmidt is backing a $7 billion revival program with $1.5 billion to be spent this year...
...very interesting and fierce and passionate discussions." He overcame worker objections to manufacturing in the U.S. by swinging deals to supply made-in-Germany engines to other manufacturers-including Chrysler and American Motors. He also promised to retool and expand the Emden plant, which was making only Rabbits for export to the U.S., to turn out other cars as well. Schmücker continued Leiding's policy of paying workers as much as $6,000, tax free, to quit. In the past three years the work force has shrunk by 37,000, to 124,000; with Volkswagen now making...
Cubans like Americans-the people, as opposed to the government, a traditional socialist distinction. But Americans are especially bienvenidos now: Cuba's economy is in wretched shape. The major cause is the plunge in the world price of sugar, Cuba's chief export, from more than 50? per Ib. in late 1974 to just 7? today. The Russians are now spending nearly $4 million a day to keep Castro's economy sputtering along; that does not include military aid, estimated at $200,000 a day. Moscow also supplies almost all of Cuba's oil needs...