Word: importancies
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...foreign competition. At issue were charges filed in January with the U.S. Commerce Department by a group of seven American steel producers, including U.S. Steel, Bethlehem Steel and Jones & Laughlin Steel. The companies charged that foreign producers, mostly from Western Europe, had chiseled their way into a 19% import share of the U.S. market by selling government subsidized steel to American buyers...
Moon, 62, was convicted of failing to report as personal income $112,000 of interest on $1.6 million in his Chase accounts, as well as $50,000 worth of stock in Tong II Enterprises, a profit-making import company that Moon controlled. Convicted with him was his top financial aide, Takeru Kamiyama, 40, who was charged with helping the evangelist prepare false tax returns to conceal the income, attempting to block the subsequent Government investigation by submitting phony backdated documents, and lying to a grand jury...
...approval. The loan guarantees from the federal Commodity Credit Corporation are used mainly for financing the sale of American agricultural products abroad; but Argentina is a major agricultural exporter, especially to the Soviet Union, and was expected to receive only $2 million in loan guarantees this year. The most important sanction was on credits from the Export-Import Bank of the United States, which will affect $500 million in Argentine purchases of hydroelectric equipment. Despite the sanctions, the U.S. would remain among Argentina's largest foreign trading partners. Argentina last year bought $2.2 billion worth of goods from...
...welcome Egypt back into the Arab world." But the improvement of relations with the moderate Arab states has already begun. Last week the Mubarak government announced that citizens of twelve Arab countries will no longer need visas to enter Egypt. Saudi Arabia has lifted its ban against the import of Egyptian publications. The gulf states have expressed their gratitude to Egypt for the arms it has been steadily supplying to help Iraq in its war against Iran...
...list of 20 recommendations for action. Most of the suggestions, based on a $6 million federal study of the problem, involved stopgap efforts rather than cures. Except one. The committee wants further study of a proposal by the Army Corps of Engineers for huge canal systems that would import water from South Dakota, Missouri and Arkansas. The routes - all of which would be uphill - range in length from 376 miles to 1,135 miles. The cost- from $3.6 billion to $22.6 billion - currently places the canals in the realm of fantasy...