Word: exportation
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...most measures, Minong, Wis., is anything but cosmopolitan. It is a town of 520 people in the north woods, too small to have a movie theater or even a stoplight. Yet it is the home of a genuine multinational: Link Snacks, Inc., which rings up export sales of as much as $12 million a year to more than a dozen countries and stations sales representatives in Tokyo, Moscow and Regina, Saskatchewan, as well as Minneapolis, Minn. Not bad, considering 1) the company was in Chapter 11 only 10 years ago; and 2) its products--meat snacks, especially beef jerky...
That was in 1988, when Link had just emerged from bankruptcy. The company, founded about a century ago by an immigrant German sausagemaker, once had an export business in boneless beef as well as in tripe and hearts. But by the mid-1980s it was mainly a supplier to McDonald's. Too many other companies were competing to supply the raw material of Big Macs, though; they forced prices so low that Link could no longer make a profit. It went into a Chapter 11 reorganization in 1986 and emerged two years later as a snackmaker. Its new selling point...
Eastern Carolina had one more export: conservative Democrats. It had been sending them to Washington since the Blue defeated the Gray, and Lancaster was no different. He backed the death penalty; he supported Star Wars; he voted to ban federal money for obscene art. But Lancaster also supported Clinton's tax increase in 1993 and his crime bill the year after, and in 1994 an upstart Republican bombarded the Carolina coast with pictures of Lancaster jogging with a President everyone despised. Lancaster and dozens of moderate Democrats like him went down to defeat. It was death by Clinton...
...difference. During presummit haggling, National Security Adviser SANDY BERGER warned his Chinese counterpart, Liu Hua Qui, that the ballooning trade deficit with China, $44 billion this year, was going to provoke a mega-political backlash. Liu replied that the deficit had many complex causes, including wrongheaded U.S. export controls. During a break, a frustrated Berger told an aide to buy a present for Liu. When the Chinese official unwrapped it, he found, instead of the traditional vase, a spanking-new Barbie--made in China, of course. Berger razzed him, "I want you to put that on your desk and leave...
...Denying MFN would hurt the United States--our jobs, exports, and investments in China...and [with certain retaliation], many of the approximately 175,000 high-paying export jobs related to US trade would disappear," Bereuter said in a speech a few days after the extension of MFN to China this year...