Word: exportable
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Dates: during 1990-1999
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...DNAP, a misdemeanor violation of an obscure "seed export" law. But these are the first criminal charges to emerge from the Justice Department's 3-year-old tobacco investigation. And now they've got somebody's collar. "They're sweating B&W," says TIME Justice Department Correspondent Elaine Shannon. "And that means everybody's sweating." Just like each of the tobacco giants all have "safe", low-nicotine cigarettes in development in case they're needed, each of them is ready with a high-nicotine smoke, Shannon says; they would never let one of them have it to themselves. Except they...
...handsome red-roofed houses, schools, supermarkets, golf courses and offices to be vacated in the Canal Zone and U.S. military bases and known collectively as the "reverted areas." Though what was returned before 1994 is generally derelict, the government has elaborate plans for the rest, including the creation of export manufacturing zones, hotels and eco-tourism. A few contracts have been signed...
...most measures, Minong, Wis., is anything but cosmopolitan. It is a town of 520 people in the north woods, too small to have a movie theater or even a stoplight. Yet it is the home of a genuine multinational: Link Snacks, Inc., which rings up export sales of as much as $12 million a year to more than a dozen countries and stations sales representatives in Tokyo, Moscow and Regina, Saskatchewan, as well as Minneapolis, Minn. Not bad, considering 1) the company was in Chapter 11 only 10 years ago; and 2) its products--meat snacks, especially beef jerky...
That was in 1988, when Link had just emerged from bankruptcy. The company, founded about a century ago by an immigrant German sausagemaker, once had an export business in boneless beef as well as in tripe and hearts. But by the mid-1980s it was mainly a supplier to McDonald's. Too many other companies were competing to supply the raw material of Big Macs, though; they forced prices so low that Link could no longer make a profit. It went into a Chapter 11 reorganization in 1986 and emerged two years later as a snackmaker. Its new selling point...
Link has been prospering domestically too. It says total sales will come close to $100 million this year. In 1994 it bought out Dakota Trail, Inc., adding a 50-worker plant in Alpena, S.D., to the Minong factory, which employs 325 workers. Export sales are growing faster, though, and the company is eyeing Costa Rica, Malaysia and Nicaragua as potential new markets. Within two years, it expects exports to account for 25% of total sales. All of which Jay Link sometimes finds hard to believe. Says he: "For us to come out of a town in the north woods...