Word: imported
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Dates: during 1960-1969
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Insistent Demands. Throughout the week, Rockefeller and his advisers listened to essentially the same demands that they had heard on their two earlier swings: more U.S. aid without strings and the lifting of U.S. import restrictions on Latin American exports to the United States...
...real event of the trip was Pope Paul's carefully planned one-hour visit to the headquarters of the World Council. Presbyterian Eugene Carson Blake, general secretary of the World Council, acknowledged the historic import of the meeting in his welcome, telling the Pope that his visit "proclaims to the whole world that the ecumenical movement flows on ever wider, ever deeper toward the unity and renewal of Christ's church." For his own part, Pope Paul seemed to indicate that such unity might have to wait a while. He startled some World Council members by explicitly calling...
...question increasingly asked in Washington is whether the industry should continue to enjoy its privileged position with regard to income taxes and import controls...
Another target for congressional fire is the oil import-quota system, which helps keep domestic oil prices up by keeping foreign oil out. Middle Eastern oil costs about 4? a gallon compared with U.S. oil's 7?; best estimates are that the quotas oblige U.S. customers to pay $4 billion to $5 billion a year in higher oil and gasoline prices. Imposed by the Eisenhower Administration in 1959 on the grounds of "national security," the quotas limit imports of crude to 21% of domestic production...
...other hand, the protectionist system forces the U.S. to use up its reserves at a time when much cheaper oil is readily available abroad. Senator Hart has, perhaps extravagantly, accused the oil companies of "playing Russian roulette with national security" by supporting import restriction while drawing down the domestic supply. Ted Kennedy scoffs that the industry maintains that "our reserves will be conserved if we consume them first." In view of such attacks, Congress is likely next year to increase the import quotas...