Word: importance
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...agreement will wipe out some jobs, and even though the Tokyo government stands ready to provide $700 million to buy up surplus spindles and outdated machinery, Japanese textile manufacturers are not mollified. Last week they organized rallies throughout Japan eclipsing the anti-import rallies staged earlier in the U.S. MITI experts estimate that Japan's textile sales to the U.S. will drop to $530 million a year, from a recent high rate of some $560 million-to say nothing of the $750 million that might have been reached without restrictions. However drastic, that reduction will not save many jobs...
...probably stay in power, but much rancor against the U.S. will remain. About the best that can be said of the settlement is that it frees both U.S. and Japanese officials to concentrate on weightier matters-revaluation of the Japanese yen, for example, and removal of the U.S. 10% import surcharge on all foreign goods. Americans and Japanese can only hope that on those issues both sides will have more of a feel for the other's sensibilities than they have shown in the sorry textile mess...
Most of the guests were deeply and fearfully convinced that if the U.S. does not soon remove the import surcharge and other restrictive trade barriers, its trading partners will retaliate with similar measures. Some argued that until the surcharge is scuttled, the world will not find an effective solution to its monetary problems. All agreed that moves made in the next three or four months are crucial, because they will determine whether tensions rise or fall. But the Europeans' fears were soothed somewhat by their interviews with American political and business leaders...
...meet higher taxes and spiraling living costs (an 11% increase so far this year). Postal workers deliver the mail at a snail's pace. Grocers recently struck to protest Israel's 20% devaluation in the wake of U.S. economic moves. Customs inspectors have disrupted the export-import trade with brief but frequent strikes. Even hospital staffs and lifeguards have walked off their jobs temporarily. Lost work days were few compared to other nations, but the strikes were highly visible...
...authoritative Ward's Automotive Report predicted last week: "Domestic and import new-car dealers can't miss posting a new sales-record year." Indeed, in calendar 1971, the industry expects its first 10 million-car year ever. Dealers should sell about 1,500,000 imported cars and about 8,500,000 domestic models. This compares with sales of 1,278,000 imports and 7,120,000 U.S.-made cars last year, which was slowed by a 67-day strike against General Motors...