Word: import
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Dates: during 1980-1989
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...automen admitted that tax incentives and other federal aids will be slow in coming. None expects any of the emission and safety standards changes that they have been demanding. Imports are a tougher issue. While the President agreed to raise the trade problem with the Japanese at the Western economic summit meeting next month, the auto executives doubt he will do much beyond jawboning. The reason: import restrictions would mean higher-priced small cars and raise the flame under U.S. inflation. But the industry appeared at least reassured that the Administration has finally recognized trade as an issue...
...flesh. In some ways, the shapes of Marie-Thérèse, smooth and closed, are like the totemic bone forms of Picasso's grotesque anatomies of the '30s, the projects for immense figure-based sculptures that he fantasized building along the Côte d'Azur. But their whole import is different. There is no dislocation or fear in them: they are, as William Blake put it, "the lineaments of gratified desire." The climate of sexual politics has changed so irreversibly in the past 50 years that one cannot imagine a painter trying such images today. In that sense, Picasso closed...
...dates back to the first 1973-74 OPEC oil price increases, and attempts to equalize the cost of crude to all oil refiners. Firms buying cheap domestic oil are taxed a certain amount for being "entitled" to acquire inexpensive crude. That money is then given back to refiners who import expensive OPEC oil and to refiners who use expensive uncontrolled domestic oil. The program, in effect, subsidizes imported oil at a time when official Government policy is to discourage imports. Though North Slope oil is domestic, the cost of building and operating the Alaska pipeline makes the crude relatively expensive...
Auto company executives have stopped short of lobbying for import restrictions against Japan. Just as well. President Carter at his news conference last week pointed a wagging finger at the industry and said he had urged Detroit automakers to build smaller cars three years ago. He said they had replied that American consumers wanted big ones. The President firmly ruled out restrictions on Japanese imports, saying that controls would force consumers to buy the inefficient gas guzzlers they do not want. Both Carter and industry officials would like the Japanese to construct assembly plants here, and last week Nissan Motor...
Japan must import 99.7% of its oil, as well as almost all the coal, iron ore and other raw materials needed to keep its production lines humming. To soften the blow of rising commodities prices, the triumvirate of banking, business and government has pursued a subtly effective policy of slowing the growth of resource-intensive industries such as steel and petrochemicals, and channeling more of the nation's capital into "knowledge-intensive" industries such as microelectronics and computers. That is one reason why, throughout most of the energy-dazed 1970s, Japan has held inflation relatively low and employment high...