Word: exports
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Dates: during 1960-1969
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Continental Breakfast. Escorted by tough riot police of Beirut's red-bereted "Squad 16," the Americans boarded Pan American and Middle East Airlines charter jets, soon were winging for Rome, Athens, Frankfurt, Istanbul, Ankara, and Nicosia on Cyprus. Others made it aboard the American Export Isbrandtsen freighter Exilona for a leisurely, sun-drenched cruise to the Cypriot port of Famagusta...
When government ministers from four of the free world's main copper-exporting countries gathered in the sweltering Zambian capital of Lusaka on June 1, the copper-consuming nations had every reason to worry. The idea, as conceived last fall by Zambian President Kenneth Kaunda and Chilean President Eduardo Frei, was to set up a price-and-quota-fixing copper cartel to control the world market. After all, their countries plus Peru and the Congo produce 70% of the earth's copper sold for export. * With economies largely based on copper, all four nations have suffered...
...world's eyes centered on the Gulf of Aqaba, where the danger of an episode that could cause open warfare was greatest. Ever since Nasser closed the Suez Canal to Israeli shipping in 1956, the port of Elath has been Israel's main outlet for its growing export trade with Asia and East Africa. More important, it has become the port of entry for nearly 90% of the country's oil supplies. The Strait of Tiran, where coral reefs and the hulk of an ancient sunken ship make passage difficult under the best conditions, is easy...
...Treasury would run out of silver. Despite that commendable foresight, Treasury was taken by surprise when the crisis arrived. Confronted by a sudden buying rush that threatened to wipe out its dwindling stockpile, the Treasury barely had time to put its plans into action. Sales of its silver for export were abruptly halted; domestic sales were limited to "legitimate industrial users," and the export or melting of silver coins was forbidden.* "We knew we'd get out of the silver business sooner or later," explains Assistant Treasury Secretary Robert Wallace, "but we didn't know it would...
...planning to expand foreign markets, which even now supply about 70% of its business, Wedgwood is continuing a tradition that was inaugurated by Founder Josiah. Interested in export business as well as foreign affairs, the 18th century visionary saw the potential of the colonies and endorsed the French Revolution as he had the American Revolution before it. At home, he applied advanced industrial techniques at his factory near Stoke-on-Trent, where he taught workers the art of creating finely glazed bone china...