Word: exporters
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...your piece on drinking in Japan [May 22]: A country that spends more money on alcohol than on weapons is at least a peace-loving nation. And the day may come when those sake-nipping Nipponese workers work less hard and export fewer cars, television sets and steel to the U.S., thus curing the most serious areas of trade imbalance between the U.S. and Japan...
...which does not have enough competent black technicians and managers to run the shuttered copper mines that provide about two-thirds of the country's foreign exchange earnings. Belgium's mine holdings were nationalized eleven years ago, but Belgians continue to run them and to export much of their product to Europe. Even if all the whites who worked at the vast Gé;camines mines that dominate Kolwezi could be lured back, it could still, after the last weeks' destruction, require up to a year to get the copper mines working again. In addition, the mines...
...more than 32 jets. A further quarter will be provided by internal cash flow generated by its policy of using speedy six-year plane depreciation (vs. about 15 years for most U.S. airlines). The rest, or about $450 million, will be financed externally. Says Pillay: "We shall approach the Export-Import Bank for about $360 million and get the rest from commercial U.S., European and Asian banks." If any part of the deal goes wrong, Pillay figures that he could get a loan from a "Middle Eastern country...
...March trip to South America was more than a social success; it cost $21,000, but he brought back an export deal worth nearly $2 million...
...considered, especially because Alaskan oil shipped through the Panama Canal is even costlier than OPEC oil on the East Coast. One idea is a three-way trade: Alaskan oil could be shipped to Japan, replacing OPEC oil that would then be sent to the U.S. East Coast. Problem: the export of Alaskan crude would raise a political storm...