Word: import
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Dates: during 1960-1969
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...Greek bishopric can be a paying proposition. The country's bishops draw an average $4,000 tax-free salary a year, plus a residence and the right to import their cars without paying duty. Bishops get 3% of the income from all weddings, christenings and funerals in the churches in their dioceses, plus a handsome $1.33 for every marriage license, divorce decree and celibacy certificate (a document proving that a person is not married...
...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...
...glut has dropped most European steel prices toward their lowest level in ten years, yet the cost of production keeps rising. West German plants are forced by Bonn to use uneconomical coal from the Ruhr instead of cheaper U.S. imports; the difference causes a pricing disadvantage of up to $5 a ton in competition with incoming Dutch and Italian steel. Steel imports, as one result, have climbed from 15% of German sales to 25% in the past five years. French steelmakers must import 25% of their coke, pay a 15% to 20% duty...
Bulgarians are already hearty soft drinkers, satisfying their thirst mainly with boza, a rye-based soft drink similar to Russian kvas, or with a Coke imitation known as Bulgar Cola. The government is not anxious to change habits. Like Yugoslavia, Rumania and Czechoslovakia, the Bulgarians have imported Coca-Cola from West Germany to please Western tourists. With a record 1,000,000 visitors expected next summer, Bulgaria is merely taking the sensible step of providing a local Coke supply and cutting import costs...
...Underseller Undersold. The industry's troubles began with widespread restrictions by other countries against importing the cheap "dollar blouses" with which Japan flooded world markets in the 1950s. The reaction is still strong. This year, sweeping import barriers set up by Japan's major African customers (Nigeria, Tanzania, Kenya and Uganda) will contribute substantially to an estimated 5% decline in the country's cotton exports. On top of this, Japan is losing ground in traditional markets simply because spinners in other countries have been quicker to modernize, and thus to undersell the Japanese...