Word: exportation
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Dates: during 1970-1979
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...that Chiang Kai-shek would reconquer the mainland was, alas, "a little counter-revolutionary vision." Turning to the U.N., he described Albania, sponsor of the successful anti-Taiwan resolution, as "a little, reclusive country composed primarily of rocks and serfs, with here and there a slave master, whose principal export is Maoism." Buckley's recommendation: the President should instruct the U.S. Ambassador to the U.N. to abstain forthwith from voting in the General Assembly...
Laying Off. In many parts of Western Europe, unemployment is creeping up while steel production is in a decline and demand for export-import financing is flagging. Italy is in the deepest trouble. Plagued by strikes and absenteeism, industrial production is running 3% lower than last year, while prices are 5% higher. Fiat, the automaker, has placed 8,000 workers on a short week; tiremaking Pirelli is offering workers in the Milan area cash gifts to quit. Zanussi, Italy's biggest electric-appliance manufacturer, plans to lay off 9,420 by year's end. Refrigerator producers reckon that...
...order to meet higher taxes and spiraling living costs (an 11% increase so far this year). Postal workers deliver the mail at a snail's pace. Grocers recently struck to protest Israel's 20% devaluation in the wake of U.S. economic moves. Customs inspectors have disrupted the export-import trade with brief but frequent strikes. Even hospital staffs and lifeguards have walked off their jobs temporarily. Lost work days were few compared to other nations, but the strikes were highly visible...
Under government development policies that include a 15-year tax holiday on export profits and non-repayable cash grants of up to half the cost of plant and equipment, some 500 new factories have gone up in Ireland. About 350 are foreign-owned, and the roster includes IBM, General Electric and Olin from the U.S., Plessey from Britain, Switzerland's Oerlikon, South Africa's De Beers, The Netherlands' Verolme United Shipyards and Germany's Liebherr. The Irish Industrial Development Authority, under Michael Killeen, 43, a former head of the Irish Export Board, will spend about...
...bills that passed the House of Representatives last week: an investment tax credit of 7% for companies buying equipment made in the U.S. and a bill setting up a Domestic International Sales Corp. DISC, as it is called, would give U.S. companies generous tax benefits to produce items for export inside the U.S., thus eliminating any incentive to expand their foreign subsidiaries. Since roughly half of Canadian manufacturing is U.S.-owned, Ottawa fears that the bill, if it passes the Senate, could calamitously slow down Canada's economic growth...