Word: exportability
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Among world commodities, coffee ranks second only to oil in export value -and until recently it placed No. 1 in unmanageability. A mere 10-per-lb. price fluctuation means $50 million to the producing countries. In Latin America, where many countries rely on the bean for 45% or more of their export earnings, wild price swings have been known to break treasuries and trigger political upheaval. Yet increasingly, thanks to the U.S. inspired International Coffee Organization, the world's coffee fits are being confined to the conference table...
Needed Propping. Though Jadid & Co. despise Egypt's Gamal Abdel Nasser for his "softness" and seek by their export of terror to take over his leadership, Syria has nonetheless been forced to cooperate with him. But even Egypt, long the revolutionary center of the Middle East, feels nervous about Damascus' rabid adventurism. In order to prevent a major war from growing out of Syria's madness, Nasser signed a mutual defense pact with Syria last November that demands consultation before any major attack on another country. The fact is that Syria's military is too weak...
...drop in 1965. Ford last September successfully reintroduced its $1,322 Taunus 15M, a model it had dropped in 1959. When his 1200 gets into full production, Volkswagen's Nordhoff plans to skip the rich U.S. market, which accounts for 25% of VW's sales, export it only to other countries "where the money does not roll as freely as before...
Under British law, an export license was held up for half a year and then delayed an additional month to see if native money might rescue this national treasure. Government pleas, fund-raising attempts, and entreaties by Magdalene College succeeded in getting only about a third of the needed funds -until last week, when in the nick of time the remainder came from the most unexpected pockets. U.S. Book Publisher George Braziller, who has published fine art reproductions, got Eugene B. Power, founder of University Microfilms, a subsidiary of Xerox Corp., to give $200,000 to redeem the rare edition...
Last week Alcoa won final government approval of a proposal to spend $56 million building a new aluminum plant. Also last week United Brazilian Minerals, which is 49% owned by Cleveland's Hanna Mining, was granted the right to mine and export iron ore and eventually to manufacture steel, an ambitious $600 million enterprise. The two new projects were only the latest in a spate of similar announcements. Phil lips Petroleum plans to pump in some $60 million, starting with a new fertilizer plant for which ground has already been broken. Union Carbide will expand its operations...