Word: importance
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Dates: during 1960-1969
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...places as Australia, South Africa and South America. As a result, Detroit has been putting pressure on Washington to force open the Japanese market in two ways. U.S. automen want Japan to lower such nontariff barriers as commodity sales taxes and road-use taxes based on car size. More important, they insist that Tokyo should ease its severe restrictions against foreign investment in Japanese manufacturing firms. General Motors Chairman James Roche recently called Japan "the most notorious" of the world's industrial countries for this form of protectionism. Veiled threats of retaliation-perhaps including import restrictions on Japanese cars...
...faces a frosty reception. The President broached the subject during his February swing around Europe, and was firmly if politely rebuffed. Stans hopes to override European objections by invoking the all-too-likely prospect that Congress may impose compulsory-and much stiffer-textile-import controls in the absence of voluntary restrictions. As Stans warned before leaving Washington, "The task will not be easy." It may well prove impossible. But Stans insists that while "an expansionary trade policy is good for the U.S., it must not be at the price of dismantling one of our major industries...
...import challenge poses a threat of serious economic and social dislocation in some areas of the U.S. Both industry and Government are worried about the fate of the textile industry's 2,400,000 workers, most of them comparatively unskilled and undereducated. Geographic concentration compounds the industry's troubles. Some 70% of its workers are in the South, chiefly in North Carolina, South Carolina and Georgia. Many mills are in one-or two-industry towns, some of which have already begun to feel the pinch. During the past two years, 89 firms in the knitted-outerwear business alone...
...Stans will be accompanied by Lawyer Carl Gilbert, 63, former Gillette Co. chairman whom President Nixon last week appointed his Special Representative for Trade Negotiations. Gilbert, a strong free-trade advocate, is chairman of the Committee for a National Trade Policy, a private group that opposes high tariffs and import quotas. His appointment ended speculation that the President might shift control over trade policy to the Commerce Department, a possibility that had dismayed a number of business, labor and farm groups...
CANTERBURY TALES. Four of Geoffrey Chaucer's tales are told in this musical import from London. Unfortunately, the Chaucerian spirit is largely missing. Sex is treated as a commodity and faith as an epilogue, in the manner of a Cecil B. De-Mille devotional epic...