Word: exportable
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Dates: during 1950-1959
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PRIVATE BANKERS will take over some of Export-Import Bank's loans. Under a new program designed to release Export-Import Bank funds for new lending, the bank will sell $4,000,000 worth of 5% notes (of a total $24 million) owed by Cuba's Cuban Electric Co. to Manufacturers Trust Co. of New York, hopes to line up other private bankers soon...
...Kubitschek's prescription is largely designed to remedy Brazil's foreign-exchange shortage, which ranks with inflation as the nation's most serious economic malady. Even with imports curbed by government controls, Brazil runs up exchange deficits. The two main exports, coffee and cotton, are subject to price tremors. About half of Brazil's export earnings go for debt service, ocean freight, oil and wheat; what is left for machinery, raw materials and all other imports amounts to some $700 million a year-about $12 per Brazilian. The shortage of foreign exchange stunts economic growth...
...welcome foreign investment. For the power and transportation sectors of the program, the administration will also need development loans from the U.S. Government. Urgently needed is U.S. aid in refunding Brazil's existing foreign debts so as to lessen the yearly bite. Just at inauguration time, the U.S. Export-Import Bank announced equipment loans totaling $55 million to Brazilian government-run enterprises ; obvious in the timing was Washington's intent to show its good will toward the new administration...
...Ulysses diminishes . . . from comic epic to the curiosity of a learned crossword puzzle and, as such, a major, unrequited European export to the scholar-technicians of the American universities. They find more and more in it, as we find less and less...
...Overall production rose 10% in 1955. Production of cotton, the nation's No. i export commodity, rose 15%, with a bumper 2,000,000 bales...