Word: importations
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Dates: during 1950-1959
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...nice if intercollegiate boxing could come back to Harvard. Fewer people get hurt in boxing than in almost any other sport. It was only illegalized when colleges began to import subsidized amateur champions, who would batter the average college boxer to pieces," Lamar stated. "In the ordinary padded glove fight no one gets hurt...
...construction in Jidda, Riyadh and Taif will bring the King's personal total of palaces to 24. Though the country boasts only 200 miles of surfaced roads, it continues to rate as the best Cadillac market east of Suez (250 sold this year). In a country which must import half its food, the most noteworthy farm-development project is operated on 1,800 irrigated acres at Al Kharj oasis, near Riyadh-primarily for the benefit of the royal family tables...
...world market. A wheat surplus, spurred by government subsidies, is snowballing. To complicate matters, the subsidies have encouraged cattlemen to reduce herds and convert pasture land to wheat. As a result, many of the country's packing and canning plants are idle, and Uruguay has been trying to import beef cattle from Argentina to keep them going. Batlle Berres is sure to have a few words to say about wheat, especially since the U.S., carrying a big surplus itself, is beginning to cut into Uruguay's markets by selling to dollar-short customers such as Brazil, for local...
...domestic industries whose prices are 10% to 15% higher than world levels. To keep these industries going, France charges low tariffs on raw materials it needs, but imposes duties as high as 33% to 40% on finished goods, then pushes the barriers still higher with additional special taxes and import quotas. Cars, for example, are imported under a modest 20% tariff, but with added taxes, the total bite comes to 60%. Depending on how business is doing, quotas, taxes and tariffs are raised or lowered at the drop of a franc; sometimes one barrier goes down while another goes...
Defense Mobilizer Arthur S. Flemming last week handed U.S. oil companies a knotty problem. Foreign oil, said he, is coming into the country too fast. If U.S. companies want to avoid their first taste of Government import curbs, they must cut crude-oil imports voluntarily by 7% during the last quarter of 1955 and the first of 1956. A House Judiciary subcommittee promptly let out a shout of warning. Asked the subcommittee: How could the oil companies comply without acting in concert and thus violating antitrust laws? Flemming pointed out that he had merely made a suggestion...