Word: importance
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Dates: during 1970-1979
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...many surplus dollars are sloshing around abroad. With greenbacks continuing to decline on money markets, foreign currency buys more investment dollars than in many decades. Europeans and Japanese are also opening up within the U.S. because they fear that rising protectionism among American labor leaders may lead to stern import barriers...
...value of newly distilled Scotch has doubled during the aging period. But lately, overproduction has watered down prices of some types as much as 40%. Prices for full-bodied malts, which give Scotch its smoky flavor, are strong now because of rising world demand; the Japanese, for instance, import malts to blend into such "Scotch-type" drinks as Suntory whisky. A supply glut, however, is still depressing the prices of grain whiskies, which are blended with malts to give Scotch its lightness...
...price of his barrel goes down. If all the uncertainties drive an investor to drink, he cannot even readily imbibe his own booze. To bring it into the U.S. he would, in effect, have to start a liquor company, and go through the tortuous process of getting an import and bottling license from the Treasury Department...
...foundation of Taiwan's economic success was laid in the late 1960s by Finance Minister K.T. Li. He pioneered the establishment of free-trade zones where foreign-owned factories can import raw materials and parts duty-free, assemble them into finished products and ship the products out as exports. Taiwan now has three such zones, each a kind of manufacturing compound. Together they will eventually employ some 90,000 Taiwanese workers in 150 enterprises. Foreign investors are also lured by cheap labor costs-one-third to one-fourth lower than in Japan-and velvet-glove treatment by the government...
Last week I took the Red Line down into the Combat Zone, to check out an "art film". What I saw was barely filmic, let alone artistic. The Astor Theatre on Tremont Street was showing Private School Girls, a German import. I had not been enticed by the silly ad in the Globe ("Karen made the Dean's List... and a few others"), but by a simple desire to see what skin flicks were all about...