Word: exporters
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...dollars in foreign banks and squandering millions more, the vast majority of Haitians live in deep poverty. Eight out of ten people are illiterate. Most earn less than $150 a year, although the official per capita figure is about $280. The tropical farmland produces coffee and mangoes for export, but the country is plagued by widespread hunger. Its once thriving hardwood forests have been chopped down for fuel...
Tumbling prices hurt Mexico because the Latin nation gets 70% of its export revenues from oil, which Mexicans have dubbed the economy's "fat cow." But that once ample creature is growing leaner by the day. So far, the drop in crude has cut $2.5 billion from Mexico's anticipated 1986 earnings, and the country may not be able to stand much more. "Falling oil prices will have an impact on a Mexican budget that is already stretched to the limit," says Economist Rogelio Ramirez de la O. He estimates that a sustained price...
...ministers assembled at Geneva's Intercontinental Hotel last week for their regular semiannual meeting, several wanted to slash prices in order to attract customers. Oil Minister Tam David-West of Nigeria, whose country has foreign debts of at least $22 billion and depends on oil for 95% of its export earnings, threatened to match North Sea competitors "barrel by barrel and cent by cent...
...every week, or they may need one every day. But it doesn't make sense to hold regular meetings with no agenda." Alas, little hope is in sight. Laments Half: "America leads the world not in steel or textiles but in meetings. The problem is, how do you export meetings?" There will be a meeting next Thursday at 8:30 a.m. to discuss that subject...
Fall is the peak export season along the shores of the St. Lawrence Seaway, where grain and industrial goods leave the American and Canadian heartland on the way to destinations around the world. Last week the artery linking Lake Ontario and Lake Erie was suddenly choked off when a concrete wall in one of the Welland Canal's eight locks collapsed. A section of lock No. 7 slammed into the side of the Liberian-registered Furia, a ship carrying 16,000 tons of wheat from Milwaukee to Alexandria, Egypt. Nine other vessels were trapped inside the canal; 21 were stranded...