Word: exports
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Dates: during 1960-1969
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Outlawed Stamp. Not quite so funny were the new economic sanctions that Wilson slapped on Rhodesia. In addition to the embargo on Rhodesian tobacco and sugar (the nation's major crops), Britain also banned imports of asbestos (a $30 million export item last year), copper, lithium, chrome, iron, steel and meat. That made the embargo 95% complete. Simultaneously, Wilson ordered a halt to interest payments, dividends and pensions from Britain to Rhodesian residents, thus damming a flow of income that totaled some $25 million last year. He even outlawed Rhodesia's bright new independence postal stamp as British...
...program may be arranged directly with individual countries since they will be used to pay for the purchase of Spanish trucks, industrial machinery and other manufactures. Owing to a swelling demand for imports, Spain is heading for a $200 million balance-of-payments deficit in 1965 and must find export markets for her growing factory output. Explains Láureano López Rodó, 44, Franco's top economic planner: "Credits are a means of selling, and since our fundamental problem now is our export problem, I believe we should try to put ourselves in a competitive position...
...rose to a $60-a-week job in a commodities house, where he learned the intricacies of that gyrating business and discovered the secret that got him going: fortunes can be made on a meager stake in international trade. At 23, he invested $3,000 and started his own export-import business in a small Manhattan office. Within eight years he had bagged his first million by buying an awful lot of coffee from Brazil...
From God to Government. Midwestern farmers still shake their heads over his program to raise hog prices by killing off millions of piglets. His later proposal to export farm surpluses to needy countries earned the derisive label of "milk for Hottentots." Nonetheless, Wallace had a profound understanding of farm economics at a time when U.S. agriculture was widely regarded as God's concern, not the Government...
...million a year in Alianza aid, generous foreign investment, and their own nine-foot-deep topsoil, Hondurans have built a G.N.P. that this year is expected to add up to $460 million, 8% over last year. Bananas still provide $38 million (or 40%) of the country's export earnings, but the highly successful Central American Common Market has stimulated a mushrooming cluster of small industries (paint, synthetic rubber, flour mills) on the Caribbean coast, where Mexican investors soon hope to build a $12.5 million steel mill using native ore and charcoal...