Word: important
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Dates: during 1950-1959
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...base itself, British troops exulted, too. They were glad to be cooped up no longer in their hot, sandbagged quarters (in recent months, cut off from Egyptian supplies, they have had to import beer and fresh fruits and vegetables, sometimes all the way from England...
...company's break-even point is $900,000 a year, and it is grossing less than $800,000, mostly because of the European competition. Says Gauss: "They pay a first-class mechanic 60? an hour, against $2.50 here. As a result, they can deliver a boat, including import duty, at one-third less than we can." European shipbuilders even have U.S. defense orders, e.g., the Navy has just ordered four minesweepers from Yugoslavia for $3,500,000. Snorts Gauss: "Imagine giving the contracts to a Communist country...
...crates here and there. Cuffe also hired go-getting Sales Manager Al Papworth to bring in private cargoes. He did so by finding buyers and sellers for goods Pacific could carry. Examples: a Philippine glassmaker who was having trouble finding the right kind of sand was persuaded to import it from Del Monte, California; twelve Hong Kong importers who were short of cotton were sold California cotton surpluses; a deal was worked out to haul junked military equipment on Pacific islands to Japanese steel furnaces as scrap...
After studying his figures on foreign-exchange availabilities, Bank of Brazil President Marcos de Souza Dantas decided that there was a question Washington must be asked: Did the Export-Import Bank want Brazil to cut its purchases from the U.S. by one-third, or would it rather maintain the flow of business by lengthening the period in which the loan could be repaid...
...Kemper's call was as effective as Souza Dantas' timely report on U.S. export prospects in Brazil. At week's end the Export-Import Bank announced that to "serve the mutual interests of trade and of the economies of the two countries," terms of the credit would be relaxed to permit Brazil to pay its debt over 7½ years. For his part, Souza Dantas said that half of Brazil's dollar earnings in excess of $1 billion (last year's total earnings: $765 million) would also be applied to reducing the debt...