Word: important
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Amato Lumumba, daughter of the slain Prime Minister of the Republic of Zaire, Patrice Lumumba, said Zaire is "a paradise for multi-national corporations. Large foreign companies don't have to pay taxes in order to import materials...
...Equally important, the banks have also been ready and willing lenders to the cash-strapped countries of the developing world, which have been hardest hit by the remorseless rise in energy costs. Unlike the industrial nations, which have so far been able to cover much, if not all, of their oil import costs by boosting exports, Third World nations, for instance, Turkey, Peru and Zaire, have not even been able to come close. Of the $348 billion in Third World loans expected to be built up by the end of this year, $190 billion have been provided by commercial banks...
Deep in his recent State of the Union speech, which was mostly devoted to world affairs, the President inserted a two-word sentence of great domestic import: "Eliminate waste." It is likely that a good many Americans reacted to this presidential plea for conservation, as they would to any other, with a silent question: Who-me? Such bewilderment is understandable. The truth is that during the nation's rush to mid-century prosperity the notion of individual frugality practically went out of business. "Prodigality is the spirit of the era," Social Critic Vance Packard declared in The Waste Makers...
...U.S.S.R. and China are bristling again, but bordering countries can breathe easily-for the time being. The squabble is over vodka, specifically the 600,000 cases a year that are exported to the U.S. Although imports are a mere drop in the shaker compared with the total 30.7 million cases of vodka sold in the U.S. last year, the Soviets, with their Stolichnaya brand (on average, $10.50 for an 80-proof fifth), account for about 80% of import sales. Or did, until the invasion of Afghanistan set some flag-waving saloonkeepers to unclogging their drains with the stuff and many...
...Other importers, like Sweden's Absolut and Poland's Wyborowa, were quick to seize the chance to increase their market share. But none was so aggressive as the Chinese brand Tsingtao, imported by Monarch Import Co. of New York from the Shandong province of northern China. Monarch took full-page ads in the New York Times offering Tsingtao as a punishing alternative to Stolichnaya and extolling the Chinese vodka's delicate taste, although some drinkers find it harsh. An 80-proof fifth sells for a few cents more than Stolichnaya. The copy of one scrappy ad last...