Word: importance
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Dates: during 1960-1969
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...attempted to import Communist arms, has received both money and ad vice from Communist diplomats, has at tacked fellow Cabinet ministers as "imperialist agents...
...less than $7,000,000," and most of the money was in Ghana. Part of the earnings had come from his printing company and two daily newspapers in Accra, but Nkrumah's biggest moneymaker was the National Development Corporation, which held a virtual monopoly on Ghana's import trade and was the only automobile insurance company that Ghanaian civil servants were allowed to use. Unless he could get his hands on the money, Nkrumah might quickly starve to death. All he had with him when he flew to Peking fortnight...
...Germans insist that they cannot afford to pay the EEC treasury big farm subsidies, which will chiefly enrich French farmers, unless their industries can profit from Kennedy Round tariff reductions. Moreover, all Six, plus Britain and Switzerland, insist that the U.S. must scrap its present method of setting certain import duties before the Kennedy Round resumes...
...with a 5.13% interest return, one of the highest yields ever placed on a corporate issue of its type. The Federal National Mortgage Association had to pay a record 5.38% to sell $250 million of 14-month debentures. Despite an extraordinarily high 5½% interest, Washington's Export-Import Bank was able to sell only half of a new $700 million issue of participation certificates in existing loans. That embarrassing failure damaged President Johnson's plans to sell off $4.7 billion of U.S. paper assets to cut next year's budget deficit-the size of which...
...with natives: 99.3% of its employees are Latin Americans, including almost all store managers. The company offers a share in stock ownership as well as jobs. In Venezuela, for example, employees through profit sharing have accumulated a 17% stake in the local subsidiary. Because Latin American countries have prohibitive import barriers. Sears buys 80% of its merchandise from 9,000 native manufacturers, who produce such goods as refrigerators, washing machines and blue jeans. Sears's local purchasing program amounts to a private Alliance for Progress that has made a lot of suppliers rich and helped the company become...