Word: exporting
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What Cambodia needs most is domestic stability and a place in the international economy. According to The New York Times, Phnom Penh markets are filled with rice and other food, but they have been unable to export such commodities as hardwood, rubber, rice and seafood...
Some entertainment-industry observers suggested that Congress should challenge the Sony deal as well. For one thing, entertainment is the second largest U.S. export industry (aerospace is first). Moreover, Pat Choate, an economist and author of a forthcoming book on Japanese involvement in U.S. politics, sees Sony as a company that zealously lobbies for its own interests and stands to gain substantial influence over U.S. public opinion. Just as overseas firms are barred from owning U.S. television stations because of the potential for spreading propaganda, Choate notes, limits should perhaps be placed on foreign ownership of Hollywood studios...
...Trade Representative's office, Koop blasted the industry's contention that the U.S. Government should pressure Thailand, which bans all cigarette imports, to open its market to American manufacturers. Said Koop, who retires Oct. 1: "At a time when we are pleading with foreign governments to stop the export of cocaine, it is the height of hypocrisy for the United States to export tobacco...
...collapse of oil prices had left Norway high and dry and deep in debt: Brundtland dazzled both friends and foes with a perilous high-wire act. On one hand she capped wages, devalued the krone and clamped down on consumer credit in an effort to restore Norway's export markets. But at the same time she kept her promise to shorten the workweek to 37 1/2 hours, extend paid maternity leave to 24 weeks, and maintain generally Norway's fine-weave "safety...
...largest bank, the state-owned Banca Nazionale del Lavoro. Chairman Nerio Nesi, 64, and Director General Giacomo Pedde, 62, resigned after the bank's board heard the results of an initial probe into a scam in which the bank's Atlanta branch gave $2.6 billion worth of unauthorized export credits to Iraq to buy machinery and agricultural goods...