Word: exportation
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Dates: during 1970-1979
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Mondale will deliver a tough message to South African Prime Minister Vorster: either change the basic apartheid policy or the U.S. will take concrete action against the regime. Among the possible actions: tightening visa requirements, cutting back credits to South Africa from the Export-Import Bank, severing links between U.S. and South African intelligence agencies...
WEST GERMANY remains Europe's economic locomotive. It has just about recovered its preslump level of industrial output (97%), and its export performance is awesome; the trade surplus totaled $14 billion in 1976. But unemployment remains high at more than 1 million, or 4.6% of the labor force. Chancellor Helmut Schmidt has forecast a 5% growth rate in 1977, but several reliable economic institutes now expect a shortfall, indicating the need for stimulus. Despite fears of inflation, Schmidt is backing a $7 billion revival program with $1.5 billion to be spent this year...
...very interesting and fierce and passionate discussions." He overcame worker objections to manufacturing in the U.S. by swinging deals to supply made-in-Germany engines to other manufacturers-including Chrysler and American Motors. He also promised to retool and expand the Emden plant, which was making only Rabbits for export to the U.S., to turn out other cars as well. Schmücker continued Leiding's policy of paying workers as much as $6,000, tax free, to quit. In the past three years the work force has shrunk by 37,000, to 124,000; with Volkswagen now making...
SUDAN. Pop. 18 million. Chief export: cotton. Religion: predominantly Islam. The armed forces consist of 53,000 men. President Jaafar Numeiry, who is vigorously antiCommunist, has lately been developing close ties with the U.S., which is supplying military transport planes to Khartoum. Numeiry is backing the Ethiopian rebels plaguing the Addis Ababa regime...
Cubans like Americans-the people, as opposed to the government, a traditional socialist distinction. But Americans are especially bienvenidos now: Cuba's economy is in wretched shape. The major cause is the plunge in the world price of sugar, Cuba's chief export, from more than 50? per Ib. in late 1974 to just 7? today. The Russians are now spending nearly $4 million a day to keep Castro's economy sputtering along; that does not include military aid, estimated at $200,000 a day. Moscow also supplies almost all of Cuba's oil needs...