Word: exporters
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...Treasury, but the U.S. is willing to try unorthodox tactics these days to pressure General Augusto Pinochet Ugarte into loosening up his regime. Chile needs cash: this year payments of principal and interest on its foreign debt will total $800 million, or 43% of the country's expected export earnings, and the economy is barely limping along (see ECONOMY & BUSINESS). Yet few outside lenders have been willing to help out in the face of international condemnation-most recently, by the United Nations Human Rights Commission-of detention and torture of Chilean political prisoners. So last month when Chilean Finance...
...that a 5% limit is feasible, provided it is matched by import controls and strict regulation of prices. But the government is opposed to curbs on imports, believing quite rightly that they would only provoke retaliation by other nations and choke off any chance that Britain has of an export-led recovery. Healey also wants to loosen rather than tighten price controls to give British industry sufficient profits to invest more heavily in badly needed new plants...
...Treasury Secretary Gerald Parsky put it last week, that "commodity problems can be dealt with on a case-by-case basis." The U.S. prefers arrangements like the one between the European Community and 46 of its members' onetime colonies, under which commodity-producing nations get special loans if export revenues fall below a certain level. At Nairobi, Secretary of State Henry Kissinger will suggest an International Resources Bank that would borrow money from private firms and governments of developed nations and relend the cash to LDCs to increase raw-materials production...
...squads of security-trained servants for the power-elite." Politburo members and national secretaries of the Communist Party use black Zil limousines, hand-tooled and worth about $75,000 each. A network of unmarked stores caters to the Soviet aristocracy. Its stock: rare czarist delicacies like caviar, smoked salmon, export vodka and exotic wines, choice meats. Those stores also carry foreign goods the proletariat never sees: French cognac, American cigarettes, Japanese tape recorders-all at discounts. Including relatives, Smith estimates, these indulged shoppers amount to several million. Everything is maskirovannoye (masked) -the guilty secrets of privilege...
...manufactured more cheaply in the U.S. than overseas. One thing held VW back from the obvious move: labor unions feared that it would cause further layoffs in German plants. But VW proposes to retool its Emden plant, which has assembled Rabbits for the U.S., to make other export models, particularly Dashers and Audi Foxes. German labor leaders finally agreed to that plan...