Word: exports
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Dates: during 1960-1969
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...make up for income taxes, governments rely heavily on export-import duties, indirect taxes levied on the manufacture of goods and excise taxes slapped on top of that. The result, in many cases, is a hodgepodge of taxes and tariffs that often discourages industry and holds down consumption...
...most far-reaching was the 8th (1919), which endorsed the Comintern as the export agency for worldwide Communist revolution, and adopted Lenin's creed that wars with capitalist states are "fatalistically inevitable." Even more dramatic was the 2Oth in 1956 at which Khrushchev 1) reversed Lenin by announcing that peaceful coexistence had become a fundamental principle of Soviet policy, and 2) in a six-hour, closed-session speech reviled Stalin as a "brutal, despotic" merchant of "moral and physical annihilation...
...EXPORT-IMPORT BANK. Restricted by law to financing the purchase of specific U.S. goods and services by foreign nations, the Ex-Im Bank has broadened its mission to include general lines of credit to Latin American countries for basic development projects. Extent of the speedup: 18 loans for $456.3 million (mostly for U.S.-made road-building machinery and agricultural equipment) since March, v. nine loans worth $280 million in the same six months last year...
...largely with imported heavy machinery. And as the benefits of the resulting superboom trickle down, Japan's consumers have gone on an epic spending spree, snapping up in ever increasing quantities everything from electric rice cookers to autos. In response, many Japanese manufacturers who used to produce for export are now producing for the domestic market...
...export strategy was a desperation maneuver by pressmen of John S. Knight's Miami paper, the Herald (circ. 336,211). When the pressmen's contract expired earlier this summer. Knight coldly pointed to their high overtime record (an average $8,700 a month since January), proposed a modest pay hike if the pressmen would agree to shave the overtime. When the pressmen walked out on Aug. 1, Knight was ready for them: he sent in an emergency press crew, and the Herald never missed an issue...