Word: exporters
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FIRST TUESDAY (NBC, 9-11 p.m.). Sander Vanocur is anchorman for NBC News's monthly TV Magazine. In the first issue: a report on Fidel Castro's attempts to export Cuban Communism to the rest of Latin America; a look at Hollywood Love Goddess Rita Hayworth at 50; a visit with Body-Building Expert Charles Atlas; a tour of the Sinai peninsula; and "Baton Twirlers," a feature that looks at the thousands of girls-and a few boys-who zealously practice baton twirling in the nation today...
...IMPORT-EXPORT: Some U.S. importers minimize the taxes they pay on profits. Every time they buy foreign goods, they use special arrangements to pay excessively high prices. They thus deflate their recorded profits and tax obligations. Meanwhile, the foreign sellers kick back part of the bloated purchase price into the Americans' Swiss bank accounts...
...give them their due, though, they finally did come through with a combination of revised export and import taxes which have the same effect on the international prices of their goods as a 4 or 5 per cent upward revaluation would have had. (But adjusting export taxes does not have the same psychological impact on speculators that a revaluation has, and the Germans knew that, too.) And their position wasn't really so harsh, once it had been stripped of its vindictiveness. They were asking why they should sacrifice any of Germany's hard-earned prosperity simply because the English...
...relationship doesn't change." Retorted Schiller: "Then I guess we're all just little satellites launched from Cape Kennedy." After Jenkins and Fowler had characterized the German trade tax concessions as inadequate, Schiller declared, "If the lopping off of one third of our export surplus is not a sacrifice, then it is obvious that we have quite different concepts of social values...
...larger devaluation would give a greater boost to the French export trade, thus reducing the need for credit to support the franc...