Word: exporting
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Dates: during 1960-1969
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...offering generous credits for arms purchases, the U.S. has gone out of its way to encourage more sound spending and discourage unnecessary arms purchases. To make its point, the U.S. has cut military aid to Latin America 15% in the past two years (to $65 million) and refused export licenses for any supersonic jets sold in the area. When the Latin Americans took their military orders to Europe, Washington finally gave in, and two weeks ago permitted U.S. plane-makers-mainly Northrop, with its hot F-5 supersonic "Freedom Fighters"-to make what deals they could...
...Louisiana Democrat Russell Long's Senate Finance Committee as riders on a bill raising social security benefits 12.5%. The reasoning was that President Johnson would be loath to veto the social security provisions. Jubilantly, Oscar R. Strackbein, who as chairman of the Nationwide Committee for Import-Export Policy is the chief lobbyist for high tariffs and has been around Washington longer than many a legislator, predicted that this time trade restrictions would be adopted...
Smaller Markets. The size of those U.S. exports and the effect of a cutoff made up the ammunition hurled at the Senate last week by a platoon of Cabinet members sent up the Hill by President Johnson. Agriculture Secretary Orville Freeman pointed out that one acre of every four of U.S. farmland grows food for export, and exports provide work for one out of every eight U.S. farmers. Interior Secretary Stewart Udall argued that oil import quotas should be less rigid in order to give the Government flexibility in maintaining the national security. Rusk cited some U.S. annual exports...
...inevitable answer to chronic economic ills. Last year Finland's gross national product was $8.6 billion, showing a mere 2.2% increase over the previous year, and well down from the average 5% growth rate during 1960-65. More than a fifth of the national income comes from exports, mostly to Western Europe. Slackening economies, particularly in Great Britain and West Germany, have cut Finland's export earnings. Meanwhile despite restrictive government policies and tight credit, imports remain high and the trade gap is running at $220 million for the second consecutive year. Unemployment has gone...
...stock to be issued by the new organization, the Lebanese government 25%, Qatar sheiks 7%, Lebanese depositors most of the balance. U.S. taxpayers also stand to gain from the rescue. The Agriculture Department's Commodity Credit Corporation, which had $22 million in Intra as an export loan to help dispose of surplus U.S. grain, will receive a 13% stock interest. The C.C.C. also gets first claim on Intra's U.S. assets, including its shuttered Manhattan branch (which will be liquidated), a 27-story Fifth Avenue skyscraper and revenues from the Warner Bros, spy film, Triple Cross...