Word: exporters
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...goods abroad, and even more by its having what is perhaps the world's strongest currency, the yen. Many Japanese fear that the money flood will bring intense new foreign pressure for still another upward revaluation of the yen. They also believe that it is high time to export not only merchandise but also money...
...visible relaxation of tensions between the U.S. and the Soviet Union. The Soviets probably will settle their old World War II Lend Lease debt, an otherwise minor irritant that has handicapped trade between the two countries because the U.S. Export-Import Bank cannot, by law, deal with the Russians until the default is cleared up. Both sides will now probably sign agreements during the presidential visit providing for improved shipping arrangements between the two countries and for the largest sale of U.S. grain to Russia since the cold war began...
...billion lend-lease aid provided during World War II. The real issue centers around payment for "civilian" goods, which accounted for one-quarter of the total. The Russians must at least partly clear up this default before Nixon can offer them Government-backed U.S. Export-Import Bank loans. The lend-lease talks were broken off in 1960 but, at Soviet request, talks have just been resumed in Washington. The U.S. has offered to settle for $800 million, but it wants hard Western currency. The Russians are willing to make a payment of $300 million and want...
...forced to fill out reams of questionnaires and licensing applications for trade with Russia when such delays result in lost sales. Minnesota Mining and Manufacturing was a recent victim of U.S. bureaucracy. Though it developed magnetic tape, it lost a substantial sale to the Russians because its export license remained mired for so long in Washington offices that the Soviets took their business to 3M's imitators in Western Europe...
...many M.P.s had glass eyes (three). A touch of Answers lingered in all his newspapers. Northcliffe's curiosity was boundless, his attention span brief, his commitments transient. But, says Ferris, he knew "exactly what to do about telephones, cars, Boers and the disgraceful export of British horses to make sausages for the Belgians...