Word: exporting
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Dates: during 1960-1969
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...Though it produces and exports more goods than ever, Latin America's income from foreign trade is dropping. The prices of what it sells (coffee, farm products, petroleum, minerals) are falling; the prices of what it buys (industrial ma-thinery, tractors, cars) are rising steadily. ¶Foreign private investment-as lately as five years ago the Latin American area was the No. 1 beneficiary-is falling fast. Capital from U.S. Government sources has also been decreasing. In 1959, the Export-Import Bank of Washington collected far more in repayments and interest from the region than it laid...
...Clan Gayre. "Macmillan only remembers he is a Scot when he goes to the U.S., where Scots are popular. In England he wears his old Etonian tie." Adds Edinburgh Royal High School's Rector David Imrie with a mixture of pride and regret: "Our best commodity for export has always been our brains...
...their traditional overseas markets, came just as the battle forced Western firms to cut their prices to meet Russian competition. Items: ¶Four major Middle East oil producers -British Petroleum, Shell, Mobil, and the Compagnie Franchise des Petroles-cut their posted crude-oil prices, following the lead of Esso Export Corp. ¶Under pressure from price cuts in India (TIME, Aug. 22), British and U.S. companies reduced bulk prices on petroleum products in Pakistan by an average 7%. ¶Ceylon's Prime Minister Mrs. Sirimavo Bandaranaike, not to be left out, summoned three Western oil companies in Colombo...
REVOLUTION is fast becoming Cuba's principal export. Perhaps not since the early days of the Russian Revolution, when Lenin used Soviet diplomats to transmit instructions and gold, has a government attempted such large-scale subversion of its neighbors. Cuban diplomats, like Nasser's in the Middle East, are supposed to appeal directly to the hemisphere's people, going over the heads of-and against-the governments. Last month Buenos Aires police raided a strategy meeting of the street-fighting Committee in Honor of the Cuban Revolution, and flushed the Cuban embassy's second secretary. Argentine...
FOREIGN PENCILS are cutting U.S. wooden pencil industry down to "peril point," argued Lead Pencil Manufacturers Assn. before U.S. Tariff Commission. They claim that export market has almost vanished and imports are grinding away at domestic profits...