Word: importations
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Dates: during 1950-1959
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Under the stiff terms of last year's $300 million U.S. Export-Import Bank loan, Brazil was required to pay off the entire sum in two years, starting this fall...
...last spring a young (28) Manhattan musician named Fernando Valenti found himself stuck in a customs office in Peru. That big instrument he had with him, said the officials, was undeniably a piano, and therefore subject to import duty. It was not a piano, insisted Valenti; it was a harpsichord. Then and there, the oldtime mechanism of strings and quills was uncrated, and Valenti sat down to play while some 150 people listened. After an hour of music, officialdom was satisfied, and Valenti proceeded on his concert tour. "I have never refused to do anything unusual," he says, "so long...
...industry. Hotchkis answered that of the $441 million invested by U.S. citizens in Latin America in 1951, half went into manufacturing industries. He reeled off a list of U.S. industrial investments in Latin America, from tires and chemicals in Brazil to glass and textiles in Chile. The U.S. Export-Import Bank, he added, has made loans to Brazilians and Chileans for steel and textile mills, to Mexicans for steel mills and chemical plants. U.S. experts have shown Cubans how to grow and process kenaf fiber, starting a whole new textile industry on the island...
After exhausting the store of cheese offered by the various delicatessens in the Square, the group is looking for new sources. "We're going to start buying from Jordan-Marsh import department, then when we exhaust their supply we'll switch to Macy's in New York," Jameson explained...
...economists at Princeton argued that U.S. trade policy should not aim at merely bringing U.S. imports into a statistical balance with exports. It should aim at an import level high enough to enable other nations to pay for vastly increased U.S. exports. In short, as the economists saw it, the Randall Report aimed...