Word: exports
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Dates: during 1960-1969
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ICOMI laid a 122-mile railroad through the jungle, dredged a stretch of the Amazon so that it could handle ocean-going ships, built docks and roads. The World Bank helped out with a $35 million loan; the Export-Import Bank provided $67.5 million. Major construction was finished in 36 months instead of the projected 48 months, and the first big shipments began moving down the river and out to sea in 1957, enabling ICOMI to cash in on the unusually high manganese prices caused by the Suez crisis. Since then, ICOMI has shipped 5,900,000 tons, grossed...
Lost Coaches & Dead Cattle. Built by the British in the mid-1800s, Argentina's railroads opened up the country, turned handsome profits hauling meat and wheat to the coast for export, and ran up a record for good service. Then, in 1948, Dictator Juan Perón decided on "economic independence," and bought out the British for $600 million. Into top management spots went Perón's political cronies. By 1955, the payroll had ballooned from 150,000 to 230,000 workers, who later bulldozed one government after another with strikes and strike threats for higher...
...Wall Street law firm of Cadwalader, Wickersham & Taft. Other principals are ex-Deputy Defense Secretary Roger Kyes (now a General Motors vice president); the estate of ex-Defense Secretary Charles Wilson; and two ChineseAmerican businessmen, C. Y. Chen and C. T. Shen, who made a fortune in export-import and shipping...
...waters off the coast of Peru for anchovy, a tiny fish that, processed in different ways, can be tasty as an hors d'oeuvre or can make wonderful livestock food. By last year, fish meal was Peru's biggest single industry, bringing in $116 million in export earnings (TIME, May 8). Last week the U.N.'s Food and Agriculture Organization announced that because of the anchovy, Peru is now kingfish of the entire world's fishing business. Of the record 46.4 million tons of fish caught around the world last year, Peruvian fishermen hauled...
...cubic meters) already constitute 70% of Europe's gas resources and bulk larger than all of Canada's. Dutch officials estimate privately that the field harbors nearly 2 trillion cubic meters. Groningen gas now reaches some 500,000 Dutch consumers, and early in December the Esso-Shell export consortium and the British Gas Council began jointly studying the feasibility of a $75 million pipeline across the North Sea that would let Dutch wells supply half of Britain's present gas needs. Belgium and Germany have signed up to buy a total of 10 billion cubic meters...