Word: import
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Dates: during 1980-1989
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Often, a previous alteration may be of historical import itself, Beale says. "Then the question is whether to leave it as it is or return it to the original," he adds...
...offices. Like hundreds of firms taking advantage of Switzerland's secretive banking and tax laws, Eler was represented in Geneva by a local lawyer, who has since cut her ties with the company. Eler is, in fact, run from Paris by Joe Lousky, a businessman specializing in import-export arrangements. Says Lousky of the Micralign deal: "This is a highly complicated affair. I have absolutely no way of knowing where those machines are right now." TIME has learned that the Micraligns were shipped to Paris soon after arriving in Switzerland. Then they vanished...
...accompany a State of the Union address. The television pictures of the White House and Capitol floodlighted at night are enough to stir even the most jaded American. The collected leadership in the House chamber dressed in their Sunday best is a grand sight. But more and more the import of the President's words is lost in the hoopla. The sights and sounds become more important than the substance, the entertainment more coveted than the information. When a President delivers a smash speech, he often fools himself into believing that the effect is lasting. When he does...
...opening Japan's markets to more imports: This is the most important point. There are various standards and requirements, safety examinations and testing, that are going to be improved-drastically. I have ordered such efforts. For example, on boats there are still complex procedures for import inspections that might be taken as harassment, and I have ordered drastic measures to simplify those procedures. I have also ordered an investigation into procedures for certifying the acceptability of products at the manufacturing site overseas. By approving the factory itself, all products from that factory could be imported freely into Japan...
...seductive but wrongheaded argument. Import restrictions on cheaper or better tools would mean that the domestic industry would no longer be forced to match foreign competition. This would mean the U.S. manufacturers who buy machine tools would have to make do with more expensive, less sophisticated or less efficient American machine tools. Inevitably, those American manufacturers would produce more expensive, or less modern, products. Their competitiveness would suffer. They would lose sales both in the U.S. and abroad. Then those manufacturers would also be traveling to Capitol Hill to demand protection against "unfair" foreign competition. That kind of protectionist spiral...