Word: exporting
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Dates: during 1940-1949
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...business of finance and economics practiced by the Cahalys is more or less intuitive, and stems from their earlier days in the trade. About forty years ago, the four brothers--Michael, Fred, Ralph, and Jim--doffed their burnooses and left Damascus. They had been operating an export trade there, supplying the Syrian-American population here with rare and costly Oriental delicacies. Arriving in the United States, they merely took up at the Western end of the line and continued doling out Levantine merchandise to New England Near Easterners...
...investigation (Canadian and U.S. officials cooperate on price matters) after numerous U.S. liquor consumers complained about Harwood's price. OPA, close-mouthed about the whole affair, was still trying to determine just when United Distillers began to make Harwood's whiskey. Apparently, it was made only for export. Upwards of an estimated two million cases have been shipped across the border since 1944 to parched Americans...
Pros & Cons. Shining, new $100 million Volta Redonda ($45 million came from the U.S. Export-Import Bank) still had plenty of "ifs" to it. Important production will not get under way before early next year, and the full output of 750,000 tons of steel per year will not be reached until even later. Volta Redonda's critics claim that the plant is badly placed, that the output will be high-cost. Iron ore must travel south from the rich Minas Geraes deposits over a rickety railroad. Coal comes north from the Santa Catarina mines by an inefficient ship...
...brought chaos to international trade in the '30s, Fund members have pledged themselves not to make revaluations except to rectify fundamental disequilibriums in their economies. But what is a fundamental disequilibrium? Does it, asked the British, cover "unemployment of a chronic or persistent character" caused by an unfavorable export-import balance...
...said the directors. In effect, this was a U.S. concession made to allay British fears over their vital export trade, which might easily be ruined, as it was in the late '20s, by pegging the pound too high. Even though revaluations of more than 10% would still require Fund approval, some economists groused that the Fund's chief club against the practice of "exporting unemployment" had now been whittled down to twig-size. But it was an easy concession for the U.S. to make. With wages and other costs skyrocketing, the U.S. might wake...