Word: exportability
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Luxembourg is a paradise of permissiveness for bankers. Not only can they set up holding companies, but they can also underwrite and sell Eurobonds, manage their own mutual funds, be custodians of other mutual funds, export and import capital in unlimited amounts, and perform just about any other commercial, investment or savings-bank operation-all in strict secrecy. Said one American banker in Luxembourg: "We can do anything here...
Millions of acres have been abandoned. Much of the vital jute export crop, due for harvest now, lies rotting in the fields; little of that already harvested is able to reach the mills. Only a small part of this year's tea crop is salvageable. More than 300,000 tons of imported grain sits in the clogged ports of Chittagong and Chalna. Food markets are still operating in Dacca and other cities, but rice prices have risen 20% in four months...
Yankees Go Home. Now, however, Thailand's economic climate is turning out to be misty and clouded. The economy is troubled by dropping prices and softening demand for some of its main export items, including tin and rubber. Rice exports, the mainstay of the economy, have been especially poor, largely because Asia's "green revolution" has made rice producers out of countries that formerly were importers. Thailand, under the spell of Mai pen rai and the war boom, failed to diversify its economy. In consequence, the country has a bulging rice stockpile and growing trade deficit...
...Boeing will be able to open a door that is seldom used these days in the aerospace industry-the hiring office. The Seattle-based company dreams of developing important new models but needs a partner with money before going forward. Ironically, the money that Japan has earned from its export drive, which has been sharply criticized by U.S. protectionists, may well help to ease unemployment in the hard-pressed Pacific Northwest...
...traces his interest in shipping to ] 948, when he fled the threatening Communists in Shanghai, where he worked in a local bank. Settling in Hong Kong, he opened a small import-export business. Relatives urged him to invest in real estate, but he had learned the hard way to prefer investments that were not tied down or vulnerable to government takeover. "I wanted movable assets," he explains. Without knowing port from starboard, he scraped together the down payment for a Liberty-type freighter...