Word: importance
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Dates: during 1970-1979
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...distorted and unbalanced economy dominated by foreign, largely North American, interests. Immense plantations, owned by American corporations in partnership with the handful of rich Nicaraguans and worked by agricultural workers some of whom earn less than $1 a day, produce coffee, bananas, cotton and beef for the import market. At the same time, peasants working tiny, inefficient plots of land (which often also belong to landlords) struggle to coax enough beans, rice and corn from the soil to feed their families, with perhaps something left over to sell in the local market. With the climbing birth rates, and the continuous...
Inflation has raised the prices of most American cars above those of competing foreign models, and no U.S. automaker can match the gas-mileage claims of some of the imports: 38 m.p.g. for the Volkswagen Rabbit, 39 m.p.g. for the Japanese Honda Civic. Those cars are in the forefront of the import surge, along with Fiat, Datsun, Toyota and British Leyland's Marina. Says Honda's U.S. sales manager, Cliff Schmillen: "There seems to have been a change in people's thinking. It has sunk in that energy shortages and high gasoline prices will be with them...
...month's Dublin summit of Common Market government leaders who granted concessions to make Britain's continued participation more acceptable. They approved renegotiated terms that could give Britain an annual refund of up to $300 million on its contributions to the Community budget and allow it to import New Zealand butter at low duty rates...
...academic team had enough ties to reel in the biggest companies--Nissan, Toyoto and Mitsubishi (a Japanese import-export firm)--despite the fact that none of these grants were tax-exempt in Japan. And the links Reischauer forged as ambassador to Japan in the 1960s figured significantly in the Japanese government's presentation last year of $1 million to Harvard to support Japanese studies...
...door of the White House for an hour's conversation with his old Hill colleague. Ford went over his program. Ullman said he just could not agree that Ford's way was right. There ought to be quotas, a gas tax, a 90-day delay on the import fee. He had given all that serious thought, the President responded, but he had decided the other route was best. Ullman said he could understand but he still would have to oppose. And Ford said that he could understand Ullman's position but he, Ford, was going to push...