Word: importancies
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Foreign Car Imports. While diplomats in Tokyo and Washington politely fence over a "voluntary" import quota of Japanese cars to the U.S., support is growing in Congress, especially in the Senate, for a mandatory limit of 1.6 million cars annually (almost 1.9 million Japanese cars were sold in the U.S. last year). A dedicated believer in free trade, Reagan may soon find himself in a nasty squabble with Congressmen from big auto-industry states, especially if domestic car sales continue...
...educated movie maven and entrepreneur who was a leading publicist in Hollywood's early days, then became known in the 1930s as the "Merchant of Menace" for exhibiting lowbudget, moneymaking horror movies at the famous Rialto Theater in New York's Times Square and who also helped import such classic "art" films as Open City (1945), Paisan (1947) and The Bicycle Thief (1948); in New York City...
...Martin Luther King Jr. Now, in the wake of the shooting of President Reagan, the lobby is ready to ward off another wave of proposed gun laws. Senator Edward Kennedy of Massachusetts and Congressman Peter Rodino of New Jersey last week introduced a bill that would ban the import, manufacture and sale of cheap, easily concealable handguns, known as "Saturday night specials," and require a three-week wait between the purchase and pickup of any handgun. Not only does the gun lobby have its cross hairs set to shoot that bill down; gun lobbyists even hope to pass...
...campaign. Much of the credit belongs to Begin's new Finance Minister, Yoram Aridor, appointed last January. Confronted with Israel's breathtaking 130% annual inflation rate, Aridor, 42, came up with a savvy political response: drastic cuts in the country's steep excise and import taxes on autos, color television sets, washing machines and other consumer products. While polls in January predicted an absolute Labor majority in the 120-seat Knesset, they now show Labor with only 45 seats, Begin's Likud with 33 and various splinter groups with 42. The new polls undoubtedly give Begin...
...that's exactly what import restrictions are--buying time. It is doubtful that a momentary respite from foreign competition can promote the radical changes necessary to bring the American auto industry back to its feet. Temporarily postponing the foreign threat can only add to the mistaken belief that its problems are overseas and not at home. The Big Three must move swiftly to develop quality cars that attain high gasoline mileage. Meanwhile, both the corporations and the automobile workers' unions must strive to improve relations and guarantee greater productivity in the workplace. Automobile workers are among the highest paid laborers...