Word: exportable
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Dates: during 1950-1959
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...Budget Day approaches, British workers are demanding more wages-and in Britain's tight economy, higher wages mean an increase in export prices at a time when German and Japanese competition is rising. Exports to the vital U.S. market have already dropped as a result of the U.S. downturn. But Butler is cheerful; he likens the British reaction to an old lady on a cruise: "She locks herself up in the cabin and is a little seasick, more out of apprehension than because of rough seas. Then the steward knocks on the door and tells...
...free-enter prising Republican millionaire from the traditionally high-tariff Midwest would feel about such economic aid. Capehart gathered his evidence tirelessly, attending more than 300 meetings with U.S. and foreign business and government officials. As Banking Committee chairman, he focused on the work of the Export-Import Bank of Washington and the International Bank for Reconstruction and Development (World Bank). Chomping cigars, he applied to his job a 20-20 insight into practical commerce, the horse sense of an Indiana Rotarian and the conviviality of a life member of the Loyal Order of Moose. His conclusion, summing...
Capehart particularly stressed expansion of the Export-Import Bank rather than the World Bank. He reasoned that Export-Import i) favors loans to private (including U.S.)companies in Latin America, and 2) requires that imported machinery and equipment used in its developmental projects come from the U.S. (The World Bank lends mainly through governments, insists that equipment be bought where cheapest.) Capehart's recommendation collides with the policy of Secretary of the Treasury George Humphrey, who has cut Export-Import Bank loans to a minimum for reasons of general economy. When this issue comes up for settlement, probably before...
...Caracas, Dulles with cool logic coupled his case for joint anti-Communist measures ("There is not a single country in this hemisphere which has not been penetrated by the apparatus of international Communism operating under orders from Moscow") with the prospect of U.S. economic cooperation (more technical aid, continued Export-Import Bank loans, no price ceilings on coffee). The Secretary made no reference to Guatemala, the one country where Communists are gaining steadily in influence...
...some observers, until Japan's reserves drop to $600 million. Thoughtful businessmen, who long ago warned that the end of the Korean war would hit the economy hard (TIME, April 20, 1953), are determined not to let the problem get that far. They are looking for new export markets to bolster Japan's economy...