Word: exporting
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Dates: during 1970-1979
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...foreign policy toward Allende's Chile included withdrawal of all foreign aid except to the military, wholesale cuts in World Bank, Export-Import Bank, and private sector bank loans and credits to Chile, payment of millions of CIA dollars to finance anti-Allende demonstrations and mouthpieces such as El Mercurio, and direct CIA encouragement for the coup. U.S. multinational corporations such as ITT also funded anti-Allende subversion, although ITT executives have avoided jail because the U.S. government says too many "national security secrets" would come out in a trial...
...South Africa, the rise in price has more than made up for the drop in output. One bank estimates that at an average price of only $190 an ounce in 1978, the nation's export earnings would climb $1 billion over last year, to $4.2 billion. The Soviet Union is the No. 2 gold miner, and last year its Wozchod Bank sold 401 tons at an average price of $150 an ounce, earning a tidy $2 billion. This year Wozchod expects to sell another 400 tons, at much higher profit...
...hurt. In turn, the nation's balance of payments would suffer. Of all commercial plane sales in non-Communist countries, Boeing rings up about 52%, McDonnell Douglas 28%, and Lockheed 3%. At about $7 billion a year, sales of aircraft, engines and parts abroad are the second largest U.S. export (after food...
Since Borman outraged U.S. planemakers by buying a European plane, Boeing has led a campaign in Washington against what Treasurer Jack Pierce calls "predatory financing." Indeed, Borman got a good deal, which includes a $250 million loan guaranteed by European government agencies. Somewhat reluctantly, the U.S. Export-Import Bank has agreed to try to meet the European terms by making more of low-interest loans available to foreign buyers of U.S. aircraft...
...other foreign policy matters, Tsongas is leading the current fight against lifting the embargo on Rhodesian chrome, and has also opposed the ending of the arms embargo against Turkey. Earlier this year, he authored legislation to prohibit the U.S. Export-Import Bank from providing loans to South Africa...