Word: exporters
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Meanwhile, the minuscule economic elite of El Salvador is doing very well, living off the export of coffee, sugar cane, and cotton. Two per cent of the country owns over 60 per cent of the farmland, and 5 per cent of the people receive 50 per cent of the income. A corporation president in El Salvador recently told the truth: "It is a class war," he said. It does not take Fidel Castro to tell people they are being repressed, starved, taken away in the middle of the night, and shot down in the streets. A revolution was coming...
...that a city slicker faces a language barrier in Benton County, Iowa. Says he: "When a farmer told me it cost him $10,000 to tile, I thought he was talking about his kitchen. He meant field drainage tiles." After several companies declined to discuss a possible reduction in Export-Import Bank funding, Correspondent Patricia Delaney approached J.I. Case, a construction-equipment manufacturer in her native Racine, Wis. "When Case executives tried to refuse, I asked them how they could turn down a request from a home-town girl," says Delaney. "I had an interview with the president of Case...
...that their institutions were turning out men and women who were more tough-minded. Said Ralph Benedict Jr., the owner of a lamp company in Philadelphia: "How true it is. Humor is a lost commodity in today's world. Guess we have to wait for the Japanese to export...
Despite this manual activity, Reagan pays close attention as Stockman, sitting beside him, leads the group through summaries of proposed reductions. The Bud get Director critiques, harshly, the spending habits of the Export-Import Bank and lays out his proposal. "Anyone have any comment?" Reagan asks. There is virtually no dissent as a large reduction is agreed...
Second: there was no reason why the producing nations should not regulate the price of their chief export. The rest is history, and very much part of the present...