Word: important
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...putting up $10 million for Egypt's use against an equivalent sum in Egyptian pounds, and Nasser and his Finance Minister talked long with Russian Ambassador Kiselev about more help from the Soviet bloc. The No. i problem: paying for the 600,000 tons of wheat Egypt must import in the next nine months. Buying it as usual on the world market would use up $47 million, or half of all Egypt's unblocked dollar assets. Last week, for a starter, the government arranged to buy 100,000 tons of Syrian wheat with Egyptian pounds...
...small-fry nations around it on the Arabian Peninsula, constitutes the only area of the world where slavery survives in its classic form. To meet the demand of oil-rich Saudis, who are prepared to pay up to $1,000 for a likely young Arab girl, traders annually import some 30,000 slaves from
Dangerous Import. When the rabbis refused to give way, Premier Ben-Gurion stepped in, told Jerusalem's Mayor Gershon Agron to see that Glueck's plans were approved immediately. Last week the Orthodox bowed to the inevitable, granted Glueck his building permit...
Beginning Nov. 1, the Mexican assembly plants of foreign auto firms will have to use Mexican cotton to pay for car and truck parts imported from their parent companies. To do business, the companies will have to make deals with a broker to try to sell Mexican cotton abroad. The companies then can import an equivalent value in car parts. Hard hit will be the U.S. Big Three-General Motors, Ford and Chrysler. If they manage to continue importing parts at the current rate (an estimated $60 million a year), the Big Three will have to market...
Inching, Pinching. At the moment, the government's credit squeeze has leveled off last year's frightening import rise, narrowed the trade gap to a monthly $45 million, and restored gold reserves. But with retail prices up ten points over last year, it has not stopped inflation. Last week the inching, pinching process of deflation brought violence and strikes to Britain's smoke-stained Midlands...