Word: foreign
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Dates: during 1960-1969
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...this related only peripherally to the prosecution, which actually seemed to be based on Gandar's past op position to racial policies and the fact that the prison stories had been picked up by the foreign press. Editors, argued the prosecutor, should refrain from publishing material that might embarrass the government abroad...
...heads of governments, currency devaluation is a devilish thing, to be resisted to the bitter end. It not only dam ages national pride but also depletes the pocketbooks of voters by forcing them to pay more for imported goods and foreign travel. Despite those draw backs, policymakers are becoming in creasingly interested in a scheme for making devaluations-and upward revaluations-fairly common...
Step by Step. The 25-year-old system that the crawling peg would change is based on fixed exchange rates, under which currencies are valued in relation to the dollar and may range up or down by no more than 1% in foreign-exchange trading. Under the simplest form of crawling peg, if a currency were to sell for some months at the bottom of its 1% range, then its official value would automatically move down. On the other hand, if heavy demand were to make a currency sell persistently at the top of its range, its official value would...
Scapegoats. For all those figures, there is considerable evidence that foreign producers are being cast as scapegoats by a domestic industry that is struggling with problems reaching far beyond import competition. The industry includes hundreds of small, lightly cap italized firms, and many plant closings are the result of mergers and acquisitions, not foreign competition...
Domestic manufacturers blame their troubles primarily on the gap between U.S. and foreign wages. In the U.S., wages and benefits for shoe workers average $2.75 an hour, compared with $1 in Italy, 560 in Spain, 580 in Japan and 480 in Taiwan. Labor is indeed a prime cost factor in an industry that has never been able to mechanize to any great extent. But price is not the only reason that the imports do so well. Craftsmanship and leadership in styling are equally valid explanations for the appeal of foreign shoes, particularly those from Italy, which account...