Word: exportation
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Dates: during 1990-1999
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...program. Intelligence officials say several hundred NOCs are now in the field, and the number is growing. Senior officials from the agency's National Collections Branch have been quietly approaching businesses doing overseas work to ask if they will provide covers for CIA case officers. Energy companies, import-export firms, multinational concerns, banks with foreign branches and high-tech corporations are among those being approached. Usually the company president and perhaps another senior officer, such as the general counsel, are the only ones who know of the arrangement. ``The CEOs do it out of a sense of patriotism,'' says former...
Other companies that turned lean under the pressure of foreign competition are now poised to profit from a cheap peso that lowers the price of their exports. Min-Cer, a maker of wheel and drum components for tractor-trailers, plans to export 90% of its output this year. ``We are expecting a very steep drop in domestic demand, but we're working three shifts a day for exports,'' general director Carlos de la Garza says...
...other companies and investors in the U.S. were worried about how the quake would affect their networks. The main risk is in the near collapse of a major export center and container port. Kobe handled 2.7 million containers a year; it was the hub for 31% of all shipments to and from the U.S. ``A lot of goods that normally flow smoothly,'' says Stephen Roach, co-director of global economics at Morgan Stanley in New York City, ``are going through a major bottleneck. This could have ripple effects...
...happened to a country that up until a year ago gave all the signs of being on a durable winning streak. Mexico has steadily climbed out of the debris of the debt crisis of the early 1980s, when a dip in the price of oil, its most valuable export, left the nation unable to pay its bills. For years afterward Mexico was a dirty word to foreign investors, who left it to starve for development capital. Rebuilding credibility required a long stretch of austerity and the sale of inefficient state operations like banks and telephone companies, measures begun by President...
Even worse, taxpayers' money actually funds many of these export sales; the U.S. government gives foreign nations money to spend on our own weapons. Sometimes the money is sent as direct grants for military aid. Countries receive funds for weapons indirectly by funneling Economic Support Fund and World Bank monies back into arms. Tax money also covers expenses for military trade shows that demonstrate the technical superiority of domestically produced weapons to potential customers; it also pays the budget for a Pentagon department responsible for encouraging foreign sales. United States tax revenue used by foreign nations to buy arms totalled...