Word: exporters
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...last week, delegates to the Confederation of Shipbuilding and Engineering Unions' convention warned against interference in industrial relations. "The unions," shouted one speaker, "will not be led like lambs to the slaughter!" A national dock strike set for July 14 could paralyze Britain's crucial export trade...
...message is also for export. Chorusing Kenneth Tynan's epigram ("Life begins tomorrow"), Booker addresses to Neophiliacs everywhere a sad cautionary tale out of Ecclesiastes: "There is no new thing under...
...Libya last week ordered Esso not to export liquid natural gas from its new $350 million plant. The government declared that Esso was charging its Italian and Spanish customers an "artificially low price," and appointed a commission to investigate. Meantime, the company's two new tankers sat idle off the coast. In another move, Libya en forced an order requiring Occidental Petroleum and a joint venture of Texaco and Standard of California to reduce production by approximatey one-third. The declared reason: they were depleting the country's reserves too rapidly. - Algeria, which is against almost all Western...
...dollars adds to the money supply in the country that does the buying. - Foreign governments can allow the price of their own currencies to rise, usually by formal revaluation. That reduces the inflow of unwanted dollars, but a revaluing country must resign itself to seeing its export prices go up. Even so. West Germany revalued the mark last year, and Canada is currently letting the price of its dollar rise in relatively free trading. Some European central bankers foresee a series of upward revaluations, in about a year or 18 months, of the Swiss and Belgian francs, the Dutch guilder...
This point, however obvious, is instrumental in establishing the commonalty of friendship. "Every relationship between two people starts going sour if one person is more successful than the other," says Psychologist Wright. "There has to be an import-export quality to friendship. One exports what the other needs and vice versa. When the balance of payments is disturbed, there is a falling...