Word: exporters
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...Coal Corp., a subsidiary of Standard Oil Co. of Ohio, asked the Price Commission for a 6.7% price increase to cover fresh wage costs. The case will be decided this week. Commission members are well aware that coal operators unhappy with domestic prices can further increase their fast-rising export shipments, which are not subject to price controls. Coal users already protest that the companies are exporting too much, and that the result could be a dangerous winter shortage of fuel and electric power. Nevertheless, like Horatio at the bridge, Commission Chairman C. Jackson Grayson Jr. has vowed that employers...
...Eastern manufacturers were the leading protectionists, while free trade was advocated by the South, the farm bloc and labor, all of which correctly saw increased trade as a stimulant to prosperity. Now that alignment has been fragmented. Farmers, who devote a quarter of their acreage to growing crops for export, are still reliably for free trade. But the South, to safeguard its textile mills, has turned protectionist. Big business, which has built up extensive operations overseas, is mostly for free trade, but with some backsliding. Most important, the hard-lobbying labor movement has turned vehemently against free trade...
General Electric Chairman Fred Borch, for instance, contends forcefully that the U.S. is under a handicap in competing with nations that subsidize exports as a matter of government policy. He points out that between 1960 and 1970, U.S. domestic prices rose 32% and export prices 23%. In the same period, domestic prices in Japan and Italy soared 78% and 54% respectively, but the increase in export prices was held to only 8% for each country, thanks to government subsidies and other special help. As an example of such aid, Borch points to a Japanese law that allows companies to take...
...report, originally presented by committee to President Pusey in spring 1971, consists of seven points. The points require an assurance of valid title for the object and an assurance that it was not illegally exported (in violation of a country's export laws after July 1, 1971). All information concerning previous ownership (object's the provenance) will be made public...
...curator finds it necessary, a special panel will be set up to determine an object's rightful ownership. Harvard will make efforts to return any object to a foreign country that is found to be a part of a national patrimony or otherwise an illegal export...