Word: exporting
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Dates: during 1970-1979
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...mind. The bankers can't even follow." Adela spun sugarplum stories of wonderful "deals" through which she could help people multiply their money by buying land in Spain and selling it for huge markups, or by shipping Japanese cars to Indonesia, or by getting into the import-export trade. And a lot of folks, credulous and captivated, begged to get in on the action...
...bill's critics, notably many corporate executives, see it as a monster in the making. Any company that needs government approval to raise or lower a price, change an interstate route, get an export license or win permission to market a drug, could be subject to ACA'S watchful eye. So too would companies that have to meet Government safety standards for their products. Complains General Foods Chairman James Ferguson, an outspoken critic: "The cost of virtually nonstop litigation would increase enormously the expense of running any business and the price of goods to the consumer, while...
Fukuda is aware of the need to make concessions. As he told Stewart, color-television sets, steel, automobiles and ships "account for a major portion of our export trade, so much so that we are advising [the manufacturers] to avoid undue concentration [on specific markets]." Fukuda also warned against restrictive measures like last week's recommendation by the U.S. International Trade Commission that tariffs on imported television sets be increased from 5% to 25% over the next two years (see ECONOMY & BUSINESS...
...record $4.21 per Ib.-the coffee-growing regions of Central and South America are enjoying a new-found prosperity. Growers in Brazil, for example, were getting $2.33 per Ib. last week for prime coffee beans, four times last year's price. Brazilian officials predict that export earnings from coffee will reach $4.3 billion this year, enough to take the sting out of the country's ruinous bill for imported...
...Trading with the Third World. Kissinger toyed with the idea of commodity price stabilization agreements that would insulate developing countries from wild swings in their earnings from export sales of raw materials, but Ford's Treasury Secretary, William Simon, an ardent free-trader, knocked it down. No such conflicts have shown up in the Carter Administration. The President, while not committing the U.S. to stabilization plans, seems willing to discuss them. The Administration last week informed a United Nations meeting in Geneva that it is ready to talk about the financing of stabilization plans...