Word: im
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Dates: during 1970-1979
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Captain Dave Brumwell will swim the 20 IM and the 200 breaststroke. He won both events last week. All-American Hess Yntema will probably go against Meade in the 200 fly and maybe Johnson in the 200 free. He will also swim in the 400 free relay...
...Harvard captain swam one of his best meets in years as he won the 200-yard individual medley and the 200-yard breaststroke. He swam the 200-IM in the excellent time...
Opponents are particularly incensed by the low interest rates on Ex-Im loans. While U.S. corporations have to pay 11½% or more interest on borrowings from commercial banks, the Soviets are getting Ex-Im money at 61/2%. Iran is paying around 6% on Ex-Im loans of $877 million to finance such things as oil refineries, airplanes and diesel locomotives-even though, as Scoop Jackson points out, Iran is awash in oil dollars. Casey persuasively defends the rates as competitive with those charged by export-finance agencies in Britain, France, Japan, Canada, Italy and Germany. If the Soviets...
Labor leaders charge that some Ex-Im loans have gone to foreign companies that export goods to the U.S., taking sales and jobs from domestic firms. AFL-CIO Lobbyist Ray Denison says Ex-Im has financed a Mexican factory that makes automobile springs that are shipped to the U.S. Recently, Ex-Im lent $75 million to the Bank of Tokyo to finance purchase by Japanese firms of 260,000 bales of U.S. cotton. Critics fear that that loan will worsen American inflation by raising the price of domestic cotton...
Casey says that such deals are necessary to stabilize the balance of payments and strengthen the dollar abroad. In general, the bank has done an effective job of promoting U.S. exports; but in an era when international economic relations are increasingly fraught with political significance, Ex-Im's leaders hardly hope to avoid closer congressional scrutiny of their policies. Restrictions that would weaken the bank's competitiveness, though, could hamper America's trade drive...