Word: exportation
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Dates: during 1970-1979
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...because Dayan has been replaced by Shimon Peres, a Schwimmer champion for years. Pressed by mounting criticism and Dayan's maneuvering, Schwimmer decided just before the October war to reveal I.A.I.'s balance sheet for the first time-and the figures clearly showed smart management. Since 1968, export sales had risen to an estimated $43 million from only $6.5 million. Total sales are estimated at $310 million a year; profits are still kept secret...
...Export Outlook. The outlook for farm exports, which the White House had hoped would offset the enormous cost of oil imports, is uncertain. Europeans and other foreigners are expecting satisfactory crops of wheat and feed grains and are less eager than in recent years to buy American farm goods. But further declines in U.S. crop expectations could well start a new rush of foreign buyers seeking to build their reserves as a hedge against future shortages. That might be a boon for the American trade balance, but it would kick the nation's food prices even higher. In addition...
...power play is only an attempt to redress a neocolonialist relationship. Between 1949 and the mid-1960s, five American corporations and one Canadian firm bought 225,000 acres of bauxite-rich land, or 13% of the island's total land area, mostly from private owners. Ore exports from the mines reached 7.4 million tons in 1973, and taxes and royalties on the shipments that year brought in $25 million, roughly 40% of Jamaica's foreign currency. But under the complicated tax system, the Jamaican take on each ton shipped dropped from...
...61/2%. Iran is paying around 6% on Ex-Im loans of $877 million to finance such things as oil refineries, airplanes and diesel locomotives-even though, as Scoop Jackson points out, Iran is awash in oil dollars. Casey persuasively defends the rates as competitive with those charged by export-finance agencies in Britain, France, Japan, Canada, Italy and Germany. If the Soviets and Iranians cannot get cheap credit from Ex-Im, he says, they will go elsewhere, and U.S. exporters will lose their business...
Labor leaders charge that some Ex-Im loans have gone to foreign companies that export goods to the U.S., taking sales and jobs from domestic firms. AFL-CIO Lobbyist Ray Denison says Ex-Im has financed a Mexican factory that makes automobile springs that are shipped to the U.S. Recently, Ex-Im lent $75 million to the Bank of Tokyo to finance purchase by Japanese firms of 260,000 bales of U.S. cotton. Critics fear that that loan will worsen American inflation by raising the price of domestic cotton...