Word: importance
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Dates: during 1970-1979
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...after falling $67 million into the red in 1971. But it has a long-term debt of close to $1 billion and thus has had some difficulty raising capital for Hammer's favorite overseas projects, which include drilling in the North Sea and a multibillion-dollar plan to import natural gas from Siberia. Baird's banking experience may be just what Occidental needs to reduce its debt and to gain, as he puts it, "a better-balanced capital structure...
This is particularly true of the illfamed Saturday Night Specials, those $25-and-under, small-caliber imported handguns that are flooding our cities at a rate of 2,000,000 a year. They are being used increasingly in muggings, holdups and the random, senseless murders of strangers, which are also on the rise. The 1968 Federal Gun Control Act banned the import of many of these so-called "junk guns." But under pressure from various gun lobbyists, the landing of gun parts was not stopped. This led naturally to the profitable gun-assembly business...
Franklin D. Roosevelt tried to incorporate the expansion of foreign markets into his plans for recovery. A trade agreement program was developed to improve the American position in foreign markets relative to the other powers. The Export-Import Bank was created for loans to foreign countries which usually had to purchase U.S. goods only. The Reconstruction Finance Corporation was authorized to help the foreign operations of domestic corporations...
...second possible cause, he said, was that the government until recently maintained import quotas on crude oil, and the industry feared it would not be allowed to import enough oil to justify building the refineries...
Even though Americans were slow to face up to the import of the slaughters in Vietnam and the deceptions of Watergate, do not be surprised if Americans, especially older ones, are quick to rally around the energy crisis bandwagon. In the 1920s all this country needed was a good five cent cigar. Now, by the same logic, all the country needs is for someone to put a 50 mile an hour speed limit on the pace of life...