Word: exports
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Dates: during 1960-1969
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...million steel complex, bauxite mines, $100 million worth of oil refineries at Kwinana, a 500-mile railroad to Kalgoorlie. In the southwest's ambitious Esperance project, foreign labor has also helped turn 14 million arid acres into promising farm land that will boost the nation's biggest export crops, wool and wheat...
...poor economic news appears; bad May trade figures, for example, cost the British Treasury $140 million in reserves as holders of sterling sold off their pounds in exchange for gold and other currencies. Many European bankers feel that Britain is failing in her fight to boost export trade. As the respected London Financial Times recently said: "There is a growing tendency for the world at large to take the view that the writing is on the wall as far as devaluation is concerned...
...Australia, Sweden and Japan (all .9%), and in West Germany (.5%). The squeeze is tightest in West Germany, which has 683,000 vacant jobs for 106,000 persons on the unemployment rolls. The shortage would be even worse if Italy, Greece, Turkey, Spain and Portugal were not continuing to export labor; of northern Europe's 4,000,000 foreign workers, 24% are in Germany. Even so, wage boosts this year in Germany (8%) and England (61%) have leaped ahead of productivity increases and are a major factor in those two nations' inflationary spirals...
...sake," decided to fix his name instead. He tried wearing it backward until Mot Snevets palled, then became Thomas Terry, which made too many people think that he was a by-blow of the famed acting family. Finally he hit on Terry-Thomas and qualified for the export trade...
...rising consumer classes overseas, many of the U.S. banks also offer loans to small borrowers, who often find it impossible to get credit from more conservative local banks and are willing to pay interest charges of 8% to 10% or even more. This year First National City will export another U.S. banking institution: the Christmas Club...