Word: exportation
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Dates: during 1970-1979
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...International Security Affairs Agency because he felt the State Department was ignoring his advice. Schlesinger suggested making Ellsworth a Deputy Secretary of Defense, which would place him on an equal, No. 2 ranking with the Pentagon's William Clements. Ford, who had already offered Ellsworth the presidency of the Export-Import Bank, was noncommittal. Although the cool meeting lasted for 90 minutes, Ford gave no hint that he planned to fire Schlesinger...
Ford told Schlesinger that he wanted Rumsfeld to replace him but that Rumsfeld had not yet agreed. Schlesinger was offered the presidency of the Export-Import Bank and, alternatively, the ambassadorship to NATO. He turned down both and left after 30 minutes ?stunned. (Learning later that his job had been offered to others, NATO Ambassador David Bruce, 77, a distinguished career diplomat who has no plans to retire, was outraged...
...prices sent Japanese inflation soaring to a frightening annual rate of 25%. As domestic demand fell, Japan's aggressive businessmen swiftly expanded foreign sales, helping to right their economy but annoying such hard-pressed trading partners as the U.S., Britain and France. Last year alone Japan increased its exports over the year before by 50%, to $58 billion. And this year, despite the slack in global trade, it expects to export another $57 billion...
...Ford Administration "sellout" to gain votes from populous urban areas at the expense of farming states. These attacks are clearly extravagant. The requirement for negotiation on purchases of more than 8 million tons is a necessary precaution against inflationary disruption of markets, and the deal guarantees farmers an export market worth about $1 billion a year...
Dangerously Close. Meanwhile, in their zeal to boost profits, many corporations have raised prices of manufactured goods to levels that are dangerously close to being noncompetitive in world markets. As a result, Canada's drive to export more machinery, electronic equipment and other finished goods-a cornerstone of its economic policy-is faltering. The nation imported $9 billion more in manufactured goods than it exported last year; that deficit may well climb above $10 billion...