Word: importance
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Dates: during 1970-1979
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...cars in the U.S. With the dollar losing value against the West German mark, VW's U.S. prices went up relentlessly. The average price of all Volkswagen models sold in the U.S. climbed almost 14% last year alone. VW, whose famous Beetle was once the top-selling U.S. import, saw its share of the U.S. market shrink from 6.8% in 1970 to about...
...comprehensive anti-inflation plan. His economic advisers urge him to take a tough stand by calling for a reduction of subsidies, regulations and the growth of spending. Clearly, the immediate risks would be out weighed by the ultimate rewards. If the U.S. reduces domestic inflation, the dollar will rise, import prices will decline, purchasing power will expand, interest rates will fall, housing will climb, profits will increase, the stock market will turn up, capital spending will swell, more jobs will be created and business will flour ish. In sum, the small sacrifices made by special groups will lead...
...endless rounds of litigation by conservationists delay the construction of new power plants, thus directly affecting plans for new aluminum smelters. A possible result: a shortfall in U.S. production in the early 1980s, which would add to the nation's trade deficit because fabricators would be forced to import more and more aluminum. Says one exasperated industry leader: "Looking at the way they handle the power situation in this country, it sort of makes you think about places like the Amazon, where they don't' have quite the same bunch of clowns." The aluminum producers are indeed...
...effort to reduce Japan's burgeoning trade surplus, a 91-man Japanese trade delegation was scouring the U.S. last week looking for U.S. products to import. So far, the Japanese visitors have spent $1 billion on raw materials plus another billion on finished goods ranging from home furnishings to machine tools to fur coats. To help the U.S. sell more abroad, Delegation Chief Yoshizo Ikeda, the chief of Japan's huge Mitsui trading firm, offered Washington the use of a Japanese ship, which he and other successful exporters use as a floating trade fair...
...what he views as unfair competition from Japan, Inc. "The government and the business people and the bankers there move as one. The Japanese sell more than 1 million vehicles a year in the U.S., but they import fewer than 50,000 vehicles from all countries. They have a way of operating to make sure that their markets are served by their own manufacturers. When I look at the value of the yen today compared with its value three years ago, I have to conclude that their autos are not fairly priced because the value of the yen has appreciated...