Word: exports
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Dates: during 1960-1969
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Under British law, an export license was held up for half a year and then delayed an additional month to see if native money might rescue this national treasure. Government pleas, fund-raising attempts, and entreaties by Magdalene College succeeded in getting only about a third of the needed funds -until last week, when in the nick of time the remainder came from the most unexpected pockets. U.S. Book Publisher George Braziller, who has published fine art reproductions, got Eugene B. Power, founder of University Microfilms, a subsidiary of Xerox Corp., to give $200,000 to redeem the rare edition...
Last week Alcoa won final government approval of a proposal to spend $56 million building a new aluminum plant. Also last week United Brazilian Minerals, which is 49% owned by Cleveland's Hanna Mining, was granted the right to mine and export iron ore and eventually to manufacture steel, an ambitious $600 million enterprise. The two new projects were only the latest in a spate of similar announcements. Phil lips Petroleum plans to pump in some $60 million, starting with a new fertilizer plant for which ground has already been broken. Union Carbide will expand its operations...
...urged that Washington and Moscow embark on a "common endeavor" toward peaceful cooperation. In New York six weeks later, he went further, describing "a reconciliation with the East" as "one of the great unfinished tasks of our generation." Since then, the President has eased trade restrictions on the export of more than 400 nonstrategic items to Eastern Europe, approved the opening of a Moscow-New York air route, put discreet pressure on congressional leaders to approve a long-pending agreement to open consular offices in selected U.S. and Soviet cities, and authorized the exchange of weather information with the Russians...
...stimulate sales abroad, government agencies have stepped up export credits and insurance, have even begun to lend money to importers of French goods. France sees a great market in Russia. Last week Debre jetted to Moscow in hopes of putting some spunk into the two-year-old Franco-Soviet trade pact; the Russians had promised to buy $345 million worth of French goods this year, but as of October had ordered only $250 million worth...
Yankee, Come In. Most important for the U.S., the Gaullists continue to relax their old policy of discouraging foreign investments. Debre has learned that if France excludes them, U.S. companies will plant branches in other Common Market countries and then export freely to France (TIME, April 1). The Gaullists also have come to believe -after years of chauvinistic doubt-that U.S. capital and technology can benefit French industry. When Motorola offered to develop a semiconductor industry and invest generously in research, Debre gave the company permission to build a multi-million-dollar plant in Toulouse. Now General Electric...