Word: importance
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Dates: during 1940-1949
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Cats & Rats. A project of the Chilean government's Corporación de Fomento de la Producción (Development Corporation), Huachipato will be the west coast's first completely integrated steel plant. Under construction since early 1947, the $83 million plant is being financed by Export-Import Bank loans totaling $48 million, by stock sales to Fomento and private Chilean interests, and by credits from U.S. firms (e.g., Pittsburgh's Koppers Co., Inc.), which are supplying equipment and technical know...
...costs rose, sales had been dropping. Moreover, during the war, when Waltham and other U.S. plants were on war contracts, Swiss watches had grabbed a large share of the market. And Competitors Bulova and Longines-Wittnauer could import Swiss movements from their foreign plants cheaper than Waltham could make them...
...people do not complain of dictatorship but of corruption in the government. Since Franco and his cabinet are not regarded as venal, there is far less complaint against them than against the bureaucracy. A small factory owner complained: "To add a wing to my plant, or to get an import license for a small quantity of raw materials, I know I will have to bribe about six people. So only the rich can afford to expand...
Johnny Rockwell salvaged 18 import- ant points for the visitors to tie Chuck Whalen of Brown for runner-up honors. Frank Mahoney, top-heavy Brown center, was held to only 12 points by Ed Smith's fine guarding...
Shopping was the prime lure. Import duties and local mark-up boost Cuban retail prices from 30% to 50% over U.S. levels. Many a canny Habanero found that he and his wife could buy a year's wardrobe in Miami and save enough to pay the airplane fare ($34.50 round trip) and vacation expenses. Havana merchants groused, but succeeded only in getting Miami stores to leave the prices out of their advertisements in Cuban newspapers...