Word: importance
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...culture is blitzed again by another British import...
...Pacific Basin has become the place where America shops for everything from toys to machine tools. The U.S. this year will import goods worth an estimated $110 billion from East Asia and Australia. During the past 18 months, when the American economy staged a stronger recovery than expected, the powerhouse industries of the Pacific region shifted into overdrive. Singapore's exports to the U.S. rose 51% in the first eight months of this year, and Japan's jumped 46%. The flood of Asian products is a boon to American consumers, but it has stirred cries from U.S. companies...
...Thailand, expansion has also been constrained by conservative economic policies. The government has restricted the money supply and imposed import controls to combat a worrisome trade deficit that was almost $4 billion last year. Narongchai forecast that growth would hover at its current level of about 5.5% through 1985. Looking at the long term, he voiced concern that half of Thailand's population of 49 million is less than 20 years old. The influx of young people into the work force may aggravate unemployment, which now stands...
...ties remain unbreakable." He said that in the short time Peres has been in office he has taken "bold and wide-ranging steps" to improve the overheated Israeli economy. Those steps include a cut of $1 billion from Israel's $23 billion budget, a ban on the import of luxury goods like cars and major appliances, and a clampdown on the amount of money Israelis may spend abroad (from $2,000 to $1,000). Replied Peres: "I found in the White House a true friend of Israel. We are determined to face our economic problems head-on." He added...
...until late morning that anyone except those actually in volved in the operation began to realize the import of what had happened. Before dawn on Sept. 29, the day of the feast of St. Michael, patron of the police, Italian authorities had conducted one of the biggest crack downs on the Mafia since Dictator Benito Mussolini's relentless suppression of that fabled criminal organization in the 1920s. Armed with copies of the warrant for the arrest of 366 Mafia members, 140 of whom were already in jail, police rounded up 53. By the time the sun rose, the jails...