Word: exporting
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...doesn't stand for anything at all, but the "X" in Fighter-X means "export." It is the first weapon made by the United States solely for this purpose, thereby announcing our formal entrance into the world arms sales business, and the escalation of a dangerous trend in American foreign policy...
...government follow such a counterproductive policy? It is no coincidence that the announcement of the production of "Fighter X-port" comes on the heels of the grain embargo to the Soviet Union and the OPEC price increase. The arms trade has become an essential part of our export business, without which the U.S. would face a serious balance of trade deficit and a severe economic slump in 1980. While the OPEC price increase adds a few billion dollars to the import side of the ledger, the grain embargo reduces export revenue by another few billion dollars, adding to an already...
...1980s and '90s are a combination of the ambitious and realistic plus the romantic and unpractical. The report correctly points out that nations spend $450 billion a year on arms but only $20 billion annually on official development aid. But Brandt's suggested tax on the export of war materiel is likely to be as quickly forgotten as the 1928 Kellogg-Briand treaty outlawing all wars. The commission rightly points out the past weakness of United Nations organizations in dealing with North-South problems but then proposes a new U.N. agency that would coordinate all the other bodies...
...prices of all three crops largely returned to pre-embargo levels. The reasons for the rebound are many: the boom in gold and silver has led to a general surge in commodities; war scares have fanned fears of a reduction in available world grain supplies; a 1 million-ton export order has come in from Mexico; and there are rumors of higher demand from China. Most important, traders who oversold when the embargo was announced now expect that the Administration will counter the negative effects...
Titanium. As strong as steel but 45% lighter, this metal suddenly became scarce around the world early last year, after the Soviet Union, the largest supplier of titanium "sponge," the semiprocessed metal, abruptly stopped signing new export contracts. Military experts speculate that the Soviets have diverted their normal 3,500 tons of exports to the construction of many submarines and aircraft. Since the metal is used extensively in high-performance jets, missiles and nuclear plants, U.S. and European aerospace companies have been scrambling to buy the remaining titanium sponge produced by Japan, Britain and China. As a result, since last...