Word: exports
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Dates: during 1960-1969
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...Expand the credits to U.S. exporters through the Export-Import Bank...
Harold Francis Under, 60, chairman of the Export-Import Bank. Wealthy Philanthropist Linder was a partner with Wall Street's blue-ribbon brokerage house of Carl M. Loeb, Rhodes & Co., then president of General American Investors...
...Export-Import Bank yardsticks for all Latin American loans, i.e., that they must be bankable, and more loans and grants for social purposes...
...assembly lines slackens a bit. The current business slump is no exception. And now the chorus has swelled with the addition of some new voices: labor unions, long among the staunchest supporters of freer trade. For the first time, when the conservative, protectionist Nation-Wide Committee on Import-Export Policy met last week in Washington, some 20 labor unions were represented. Breaking away from basic A.F.L.-C.I.O. policy, which remains free trade, the unions joined the committee's trade-association membership in recommending legislation to the new Congress to encourage higher tariffs and more import quotas...
...implicit endorsement to a new solution. He ordered release of the summary of a report being prepared by the Senate Committee on Interstate and Foreign Commerce which argues that "remedies other than import restrictions should be available" in the form of "adjustment assistance." (The Nation-Wide Committee on Import-Export Policy's protectionist members promptly denounced the plan.) Under the plan, industries would be required to prove that imports-and not inefficiency-were the specific cause for falling sales and employment. Where the need was real, the Government would make available longterm, low-interest loans to modernize old machinery...