Word: importances
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Dates: during 2000-2009
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...Importers are intoxicated by the rapid growth of what is now a $30 million market--at cost. While the number of Japanese breweries (kura) has dropped to 1,800 (from 2,400) over the past two decades--and is expected to fall to 600 by 2025--imported sake constitutes about 25% of the U.S. sake market by volume. Imports have risen from 10% to 15% a year for the past decade, and import volume in 2007 will be nearly twice what it was in 2002. Over the past five years, the average import cost of a liter has risen...
Three years ago, Henry Sidel, 39, traded the fast track of vodka imports for sake. The former Brooklyn Brewery general manager and marketing director of Millennium Import started Joto Sake, an import firm, with $250,000 in equity and a personal lust for the drink. "More sake is sold in the U.S. than French champagne," he says dryly, sitting in his warehouse office in Manhattan. "People think of sake as a niche category...
...million-per-year business is a microcosm of globalization in action. It buys raw cotton from Asia and Africa, ships it to Mauritius, spins it into yarn and makes it into clothes designed in-house. Those are shipped to retailers in Europe, Asia and the U.S. "We have to import all our raw materials, and we are very far from our customers," Woo says. "So the challenge is clear. We have to be the most efficient factory in the world...
...have often admired Klein's thoughts, but in "Inflating a Little Man" he missed the mark by a mile. He wrote that Ahmadinejad's "words had no practical import, only symbolic, global import. He has very little real power in Iran." This leaves me incredulous because Ahmadinejad is the mouthpiece for the mullahs, who hold the real power in Iran. They hide behind him, sending him out in the world to do their dirty work, just as they send IEDs to Iraq to kill our soldiers. Ahmadinejad is the symbol of the very real poison emanating from Tehran. Symbols...
...yuan is indeed undervalued, and this does negatively affect the U.S. economy: The current exchange rate results in low production costs in China, allowing Chinese businesses to produce products (which they then import to the U.S.) whose prices are lower than the prices of their American-made counterparts. The U.S.-China trade deficit is, in part, a result of this phenomenon...