Word: exporters
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Bangkok now has 156 silk shops, which export their goods to 60 countries, ring up a yearly volume of $4,000,000-a considerable amount for Thailand. Silk has been a golden enterprise ever since a onetime U.S. intelligence officer, Jim Thompson, revived the dying art of weaving in 1948 and made himself a bundle of bahts by selling bright bolts of cloth to tourists (TIME, April 21, 1958). Thompson is still the largest producer, but he has attracted plenty of competition from entrepreneurs who sell finished dresses as well as the cloth. Gaining fast are two firms that combine...
...million steel complex, bauxite mines, $100 million worth of oil refineries at Kwinana, a 500-mile railroad to Kalgoorlie. In the southwest's ambitious Esperance project, foreign labor has also helped turn 14 million arid acres into promising farm land that will boost the nation's biggest export crops, wool and wheat...
...poor economic news appears; bad May trade figures, for example, cost the British Treasury $140 million in reserves as holders of sterling sold off their pounds in exchange for gold and other currencies. Many European bankers feel that Britain is failing in her fight to boost export trade. As the respected London Financial Times recently said: "There is a growing tendency for the world at large to take the view that the writing is on the wall as far as devaluation is concerned...
...fall of 1966. He clearly feels that Britain's austerity measures have not yet had a chance to work. He stressed the pound's strong reserve backing: $2.8 billion in gold and currency buttressed by a $1 billion standby credit with the Federal Reserve System and the Export-Import Bank, plus a $1.2 billion Government-owned portfolio of U.S. securities that Britain is gradually converting into bonds and time deposits. Callaghan sought no official commitment of new support from the U.S., but a communique issued by him and Secretary Fowler spoke of the "identity of interests" between...
Welfaring Natives. The capital city of Kuwait, a mud-walled, back-desert town before 1946, when the country's oilfields were first tapped for export, is now a modern city. It has broad, tree-lined boulevards, starkly modern office and apartment buildings and 2.3 window air conditioners (some placed in mud walls) for every resident. Kuwaitis have no taxes, receive free education and medical service, pay as little as $1.40 a month for modern, government-erected housing. Anyone who needs employment is hired by the government, often in such make-work jobs as operating automatic elevators and opening...