Word: exporting
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Dates: during 1950-1959
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...blonde and bustling, Pia is one in a series of foreign jazz pianists-including a blind Scotsman (Joe Saye). an Argentine (Enrique Villegas). a German (Jutta Hipp) and a Japanese (Toshiko AkiyoshH -currently performing in the U.S. These pianists represent a reimported export, and Netherlander Beck is a fine sample of how exportable and reimportable jazz is. If Bach fugues can be learned outside Germany, there seems to be no reason why New Orleans riffs cannot be learned out side the U.S. "I dig jive," says the girl from Holland, "but the most important thing is not to goof when...
...foreign customers who need U.S. goods but lack the cash to pay for them, there is always one avenue of last resort. When both private bankers and the World Bank (which makes only loans guaranteed by foreign governments) refuse credit, the borrowers go to the U.S. Government's Export-Import Bank, set up to finance purchases of U.S. goods when other funds are unavailable. Last week three Japanese firms that wanted such loans were winding up arrangements to get them. To ease Japan's chronic power shortage. Ex-Im was closing an $11million loan to Kansai Electric Power...
...Help America Grow. Last week Banker Waugh was off on a three-week flying trip to Mexico and Central America to look over still more loan prospects, plans trips to Europe and Asia this year. He also hopes to encourage more small loans, bring more private capital into export-import trade, thus release more Ex-Im funds for new loans...
...recently from Mack Truck President P. 0. Peterson, who landed a $1,000,000 bus order from Iran with Ex-Im help. Wrote Peterson: "If America is to continue to grow and prosper, industrial concerns like Mack must find outlets for their increasing production. The Export-Import Bank is playing an essential role in enabling America to obtain its fair share of foreign markets...
...government's tightening of consumer credit, including a hike in the minimum down payment on new cars (to 50% of the purchase price), hit the industry where it hurt most-in the domestic market. In the immediate postwar drive for exports, Britain sent a flood of cars abroad. But when the government stopped allocating raw materials on the basis of exports in 1952, British automakers shifted to the easier home mar ket. In 1951 Britain turned out 475,919 cars, exported 366,622, but in 1955, when production had nearly doubled to 897,560, exports increased by only...