Word: importance
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Dates: during 1970-1979
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...becoming one of the first nations to do so. Since then, narcotics have been the target of no less than nine separate international agreements. The latest one, the U.N.'s 1961 Single Convention on Narcotic Drugs, calls for what are essentially voluntary restraints on the cultivation, manufacture, import and export of opium and its derivatives...
...thing that attracts increasing numbers of U.S. educators to Open University is the fact that it is relatively cheap to operate: it costs about one-fourth as much as a conventional British university. Indeed, the new programs at California, Texas, Maryland and New Jersey universities will even import the same materials being used in England. Explains Rutgers Provost Kenneth Wheeler: "If we can use their texts and lectures and not have to develop our own, it would mean a savings of millions of dollars...
...first rotary-powered car available in the U.S., Japan's smooth-riding and exceptionally zippy Mazda (TIME, April 5, 1971). Some 20,000 Mazdas were sold last year, even though the car has been made available in only 20 states. Mazda already ranks as the seventh biggest-selling import. Toyo Kogyo, the manufacturer, has received no fewer than 2,300 applications for some 100 Eastern and Midwestern dealerships that will be awarded this summer and fall...
...American uranium, soybeans and wheat. This means that the Japanese would stockpile more than their country needs now and buy less later. The move would at least temporarily reduce Japan's $3.8 billion trade surplus with the U.S., but it would do nothing to alter its remaining import restrictions...
Brooklyn-bred Kimelman, 51, is chairman of the West Indies Corp., the biggest (annual sales: $18 million) import house in the Virgin Islands, his adopted home of more than two decades. As the islands' commissioner of commerce from 1961 to 1964, Kimelman was one of several businessmen who turned the U.S. possession from a sleepy haven of sand and sun into a tourist mecca. Since the islands are one of the two American free ports outside the U.S. (the other: Guam), the business of importing duty-free liquor, perfume and other goodies for tourists has grown fast. Kimelman...