Word: importance
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Frondizi first outlined the present gloomy situation, in which Y.P.F., the government oil monopoly, produces only 35% of the country's annual needs. Although reserves are estimated at 2.3 billion bbl., Argentina is forced to import about $300 million worth of petroleum products a year-a sum roughly equal to the 1957 trade deficit. The President then listed the precedent-shattering development arrangements with foreign companies. The main deals...
...that normally passed through the canal, the new Middle East emergency committee will stress production as well. All the major overseas operators will be members, plus several wholly domestic companies, which were excluded from the Suez committee. For better coordination the plan provides a fulltime government employee (probably Oil Import Administrator Matthew Y. Carson Jr.) as chairman-rather than an industry representative, as during Suez. With details already worked out, Seaton figures that the committee could swing into action on 24 hours' notice...
SMALL CAR FOR CHRYSLER is in the works. Chrysler wants to import and distribute French Simcas, is dickering to buy Ford's 15% interest in Simca, plus big block of stock from Simca treasury. Price of Simca sedans...
...economy was that the moneyed U.S. farmer was fast becoming a pillar of strength, buying and consuming with rare power to pick up the slack from other social groups. To many a businessman, the strongest market of 1958 is the farm market-the equivalent of discovering a rich, import-hungry foreign country. In Bloomington, Ill. Sears, Roebuck reports that its trucks go out loaded with freezers, ranges and refrigerators; on R.D.S. routes freezer sales alone are running 50% ahead of last year. Nor are appliances the only things that farmers want. With cash in his jeans, the U.S. farmer...
Some foreign investors feel that the insurance, although relatively inexpensive, costs more than it is worth. Others complain of difficulty in getting speedy approval from foreign governments, which can delay a policy for months with red tape. One important drawback is that the guaranty program does not insure against devaluation, by which a nation can halve the value of its currency-and a firm's profits. Nor does it protect against sudden policy shifts, involving unfair import quotas, unfavorable exchange rates, discriminatory tax and wage laws or even government-inspired labor unrest...