Word: exporters
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Lost Coaches & Dead Cattle. Built by the British in the mid-1800s, Argentina's railroads opened up the country, turned handsome profits hauling meat and wheat to the coast for export, and ran up a record for good service. Then, in 1948, Dictator Juan Perón decided on "economic independence," and bought out the British for $600 million. Into top management spots went Perón's political cronies. By 1955, the payroll had ballooned from 150,000 to 230,000 workers, who later bulldozed one government after another with strikes and strike threats for higher...
...waters off the coast of Peru for anchovy, a tiny fish that, processed in different ways, can be tasty as an hors d'oeuvre or can make wonderful livestock food. By last year, fish meal was Peru's biggest single industry, bringing in $116 million in export earnings (TIME, May 8). Last week the U.N.'s Food and Agriculture Organization announced that because of the anchovy, Peru is now kingfish of the entire world's fishing business. Of the record 46.4 million tons of fish caught around the world last year, Peruvian fishermen hauled...
...cubic meters) already constitute 70% of Europe's gas resources and bulk larger than all of Canada's. Dutch officials estimate privately that the field harbors nearly 2 trillion cubic meters. Groningen gas now reaches some 500,000 Dutch consumers, and early in December the Esso-Shell export consortium and the British Gas Council began jointly studying the feasibility of a $75 million pipeline across the North Sea that would let Dutch wells supply half of Britain's present gas needs. Belgium and Germany have signed up to buy a total of 10 billion cubic meters...
Hodges, 66, a former (1954-1960) Democratic Governor of North Carolina who once showed his salesmanship by posing in his underwear to promote his state's textile industry, was in John Kennedy's original Cabinet, made his most notable mark as Commerce Secretary by launching an export expansion program that helped boost U.S. exports from an annual $19.6 billion in 1960 to $25 billion now. But when he was first appointed, Hodges told friends that he would quit after four years. Last week he did-and Drug Executive Connor seemed to fit perfectly the presidential prescription...
...notice, severance pay and worker retraining has made British labor among the least protected in all Western countries and often moved workers to resist whatever changes are attempted. This situation encourages overemployment -one of Britain's main labor problems -makes it more difficult and expensive for firms to export, and tends to make all workers progress at the speed of the slowest...