Word: exporting
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Dates: during 1950-1959
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...heights are far removed from Manhattan's Lower East Side, where Winston was born and reared, the son of an immigrant from Odessa. Young Winston went to the College of the City of New York ('20) and Fordham Law School, raised a $50,000 stake in the export-import business, shrewdly started horse trading in real estate. In the Depression Winston confidently bought large blocks of land on city fringes, watched his wallet grow fat as the population shifted to the suburbs...
...industrial products as well as babies, the Japanese are adopting self-restraint as a national policy. Textile exports to the U.S. and Europe are voluntarily controlled to avoid provoking tariff quotas; export licenses are refused for inferior articles in an effort to upgrade the longstanding Japanese reputation for poor workmanship and imitative design. In his effort to convince the West that Japan deserves less suspicion and more comradeship, Kishi can boast that his nation is the most democratic in Asia, has the highest literacy rate, and possesses a competent work force whose real wages have risen 20% in the past...
...working out deals with soft currencies. "When a Brazilian writes a letter to a German and an American steel firm," admits a U.S. steelman, "he gets back a letter from the American firm-and a salesman from the German firm." Says a Belgian steelman: "For countries like us, exporting is a matter of living, but the U.S. incentive for export is much smaller, because of its big internal market. They are not really trying...
...agreeing to pull out, the French had characteristically bargained for substantial concessions. Their nearby Lorraine steel plants will get 90 million tons of high-grade Saar coal at cost over the next two decades. The Moselle River is being dredged so that Lorraine steel exports, floating to sea on the Moselle and the Rhine, can compete more advantageously with German steel. And the French reserved the right to export more than $260 million worth of goods duty-free into the Saar each year...
...every investor struck pay dirt. Several solid issues scraped their year's low. American Export Lines (which hit a crest of 34⅝ this year) slipped to 28⅞; Freeport Sulphur slumped to 27⅝ from the year's high of 37⅜. United Aircraft, one of the stocks in the Dow-Jones average, was off to 52½ from...