Word: exporters
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...Louisiana Democrat Russell Long's Senate Finance Committee as riders on a bill raising social security benefits 12.5%. The reasoning was that President Johnson would be loath to veto the social security provisions. Jubilantly, Oscar R. Strackbein, who as chairman of the Nationwide Committee for Import-Export Policy is the chief lobbyist for high tariffs and has been around Washington longer than many a legislator, predicted that this time trade restrictions would be adopted...
Smaller Markets. The size of those U.S. exports and the effect of a cutoff made up the ammunition hurled at the Senate last week by a platoon of Cabinet members sent up the Hill by President Johnson. Agriculture Secretary Orville Freeman pointed out that one acre of every four of U.S. farmland grows food for export, and exports provide work for one out of every eight U.S. farmers. Interior Secretary Stewart Udall argued that oil import quotas should be less rigid in order to give the Government flexibility in maintaining the national security. Rusk cited some U.S. annual exports...
...stock to be issued by the new organization, the Lebanese government 25%, Qatar sheiks 7%, Lebanese depositors most of the balance. U.S. taxpayers also stand to gain from the rescue. The Agriculture Department's Commodity Credit Corporation, which had $22 million in Intra as an export loan to help dispose of surplus U.S. grain, will receive a 13% stock interest. The C.C.C. also gets first claim on Intra's U.S. assets, including its shuttered Manhattan branch (which will be liquidated), a 27-story Fifth Avenue skyscraper and revenues from the Warner Bros, spy film, Triple Cross...
...Ladies' Man. The Tunisians need all the help they can get. Their economy has been temporarily crippled by drought and tough foreign competition in phosphates, their chief export. Ever pragmatic, Bourguiba is taking the bitter pill prescribed by the bankers and sharply limiting spending. Still, it may be a few years before Tunisia is able to resume growth of 6% a year...
...sells for around $900, and more elaborate patterns can run $4,500 and up. And even though few, if any, East Germans can afford to spend that kind of money, the demand for Meissen still outstrips the supply. The china is one of the country's most valuable export items...