Word: imported
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Dates: during 1960-1969
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Selling oil is sometimes almost as hard as finding it, and one reason Aramco can profitably produce such quantities is that its parents have such big markets. The four U.S. companies buy Aramco's entire output but ship only 5% of it to the U.S. because of import quotas. The bulk goes to Europe and Japan, whose needs are rising so rapidly that Aramco expects to double production again in the next decade...
...Coping of Kops. Along the line the reader gets a rare insider's view of the outsiders. There is a prevalence of "pornmerchants" (peddlers of pornographic literature). "Kinks" are those with highly specialized sexual aberrations. The fad for Zen among U.S. beatniks is a London import (1950). Drugs in London are mostly run by what in New York are called "scratch bums," i.e.. bums so crawling with lice that they are immune from police search. Dimly in Kops's background, public events take place: the Jews of the East End defeat Mosley's blackshirts in pitched...
...mile shearing trip through Russia. His report made uneasy listening for wool-centered New Zealand. Bowen was impressed by Russian sheep "as big as donkeys," predicted that the Soviet Union-whose flock of 150 million sheep is increasing 8% a year-in five years will no longer need to import wool, may begin exporting...
...list includes wine (the biggest import item, about $22 million worth), brandy, Roquefort cheese and flower bulbs, but it leans heavily on merchandise made in West Germany, the chief market for U.S. chicken exports before the higher tariff. If they are retained on the list, trucks and buses (aimed at Volkswagen), stainless steel netting, electric razors, flat steel wire, scissors and shears will all be slapped with higher tariffs. The U.S. strategy: to show that it means business and to cut sufficiently into export sales of German industrialists so that they will be roused to oppose the powerful German farm...
...cars to 200-ton earthmovers. Standard-Triumph lost Leyland $3,000,000 last year, but Leyland has now turned the company into a moneymaker. Helping out is the success of Triumph's TR4 and Spitfire in the U.S., where Triumph has overtaken Renault as the second bestselling auto import, after Volkswagen. With Triumph healthy and truck exports soaring, Leyland's 1963 figures should easily top last year's net earnings of $8,900,000 on $504 million in sales...