Word: importancies
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...change the fowl's nonchalance, Hirohito studied the crane avidly, then moved in to try his hand at feeding. Still no recognition, but the Emperor was not about to create a flap. For the 80-year-old Hirohito, the bird's mere existence may carry more import than her aloof manners. In Japanese culture, the crane is a symbol of longevity...
...import surcharge, by contrast, would encourage domestic production by using imported oil as a kind of lever to set a higher price for all petroleum in the U.S. market. Moreover, foreign suppliers would get no benefit from the higher prices since the resulting revenues would flow to the U.S. Treasury...
First to broach the surcharge idea was David Stockman, Director of the Office of Management and Budget, who last December proposed a $2-per-bbl. import surcharge. Though the President rejected the idea, such a tax would add about 5? per gal. to the retail price of gasoline, which has fallen by as much as 200 in some places anyway...
...only is Stockman's import-surcharge idea being dusted off, but Administration officials are beginning to think seriously of a substantially larger surcharge of anywhere from $5 to $10 per bbl. Such a levy would raise from $18 billon to $36 billion annually, offsetting nearly 38% of the Administration's projected $96.4 billion budget deficit for next year. By cutting taxes for hard-pressed U.S. taxpayers, the President has created a budget dilemma that he can now help solve in effect by taxing foreign-oil suppliers instead...
Japanese merchants have had a toehold on the U.S. gram trade since the 1950s, when they first set up export offices in West Coast port cities like San Francisco and Seattle to buy foodstuffs for Japan. The island nation of 116 million people is a principal grain importer and now buys some $6 billion a year from the U.S., its biggest supplier. In 1973, after a grain shortage squeezed the worldwide market for soybeans, a major Japanese grain import from the U.S., the anxious Japanese traders began moving inland to buy directly from farmers in an effort to secure...