Word: exporting
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Dates: during 1940-1949
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...helped by Franklin Roosevelt's chronic reluctance to fire anyone. Not until early 1940 did the blowoff finally come. At the President's instructions, Johnson had begun shipping arms and munitions to beleaguered Britain, by arbitrarily declaring them unfit for U.S. use and thus legally available for export. Woodring refused to permit such goings-on. But Roosevelt insisted, and Woodring resigned in a letter so bitter that it has never been published in full...
...Andean Cochabamba the government is building a cracking plant to process crude oil to be piped up from the Oriente. At Sucre it is planning a refinery. Last week it was negotiating a $16 million U.S. Export-Import Bank loan to complete a highway from Cochabamba to Santa Cruz...
...economic questions that plagued Argentina-falling production, lack of dollars, shrinking markets-were right up Bruce's alley. Persistently, he used his backslapping sessions with Perón to dish out a businessman's advice. Once he suggested that Argentina export more butter. "But we don't produce enough butter to export any," argued Perón. "If you will allow exporters a free hand in exporting butter, you would produce enough," answered Bruce...
Realistic Tears. Harold Wilson last week was in the thick of Britain's biggest, bravest dollar-export drive to date. At the British Industries Fair (in London's Olympia and Earl's Court arenas, and in Birmingham's Castle Bromwich), $40 million worth of goods from 3,000 busy factories were on proud display. Nothing was spared to impress thousands of foreign buyers who dropped in to see the wares. Queen Elizabeth and Queen Mary appeared and smiled benignly on the bustling scene. Under fluorescent lights, on 26 miles of counter, lay samples of nearly everything...
Catching up with the "moderate recession," the Federal Government thought it time to ease more anti-inflation controls. The Department of Commerce lifted export controls from 500 items, including many foods and appliances which had become surplus. The Federal Reserve Board, for the fourth time in three months, eased credit restrictions. It reduced bank reserve requirements 1% and 2%, depending on the size of the bank-thus freeing about $1.2 billion extra cash for lending. But FRB's move was not likely to boost the volume of loans: businessmen had carefully cut their borrowing by $1.5 billion...