Word: exportable
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Dates: during 1950-1959
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...Depression attempt to subsidize business by giving varying values to the peso (which had been traded freely at eight to the dollar). Depending on their utility, as evaluated by the bureaucracy, various imports got various rates; e.g., whisky was made proportionately more costly to import than milk. Export rates, too, were adjusted to let commodities-in theory at least-meet foreign competition; there was a "copper dollar," a "wine dollar," a "nitrate dollar" and a "sulphur dollar." Soon the government was in the satisfying business of creaming off a profit from exchange transactions...
Dwarfed by the hulking form of the American Export liner Constitution, a crowd of hundreds thronged Pier 84 in Manhattan one foggy day last week. Man, woman and teen-ager alike, they were waiting for a glimpse of the movie queen (Grace Patricia Kelly) who was sailing to Monaco to wed the reigning Prince (His Serene Highness Rainier III). Two hours before sailing time, Grace arrived in a black limousine, wearing a beige wool suit, a white straw hat shaped like a mushroom, and a radiant look. Not far to the rear came a retinue of 80-friends, relatives, business...
...Scotia boy, Lauchlin Currie traveled far. He studied economics at Harvard and remained to teach; he became a U.S. citizen, a Treasury Department economist, eventually administrative assistant, friend and close adviser to President Roosevelt. After Roosevelt's death Currie, at 43, bowed out of Government, opened an import-export firm in Manhattan...
Among native Libyans there is only one doctor and one engineer (the Prime Minister, who holds a degree from Alexandria University). Libya's only important export is dried esparto grass (used in making paper money); its per capita income is a wretched $35 a year. El Faki helpfully installed 500 Egyptian schoolteachers, sent out and paid by the Egyptian government, supplied Egyptians for every level of officialdom. Two members of the Supreme Court were Egyptians, so was the commander of the small army. Last week El Faki could boast that 1,800 Egyptians are working in Libya today...
...most visible result was that the region's collective trade balance sank in a year from $564 million to $130 million (on export sales worth more than $7 billion). By mid-1955 imports of capital goods had sagged, and Latin American industry failed to show a healthy expansion during 1955. And the worst drop in imports of capital goods probably is still to come, as a delayed reaction to forced cutbacks in orders...