Word: imported
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...looks like a typical small pickup truck, but Japan's Subaru insists that the BRAT DL, a four-wheel-drive vehicle with an open cargo bed that it sells in the U.S. for $5,288, is really a "bi-drive recreational all-terrain transporter." The difference is important, at least to the manufacturer and U.S. Customs. By placing two seats in the BRAT'S cargo area, Subaru is able to import the machine as a car, on which the tariff is only 3%, rather than as a truck, on which the import tax is a far heftier...
Subaru is scarcely alone in using this loophole: not one of the 335,000 pickups imported last year was taxed at the full truck rate. The 25% levy, introduced by Congress in 1963 in retaliation for a European tax on American chickens, was originally designed to hit imports of the Volkswagen Transporter, which is no longer produced. Successive administrations have let the tariff go unenforced, and this is not likely to change, despite a General Accounting Office estimate that about $600 million in truck import taxes have been lost since 1971. Reason: U.S. automakers are playing the customs game alongside...
Toyota and Datsun, which together brought in nearly 190,000 pickups last year, lead the duty dodgers. But Detroit's Big Three also find it cheaper to manufacture their smaller pickups in Japan and import them. Last year these "captive" imports included 70,557 Ford Couriers, 67,035 Chevy Luvs for GM and more than 3,000 Dodge D50s and Plymouth Arrows for Chrysler...
...search of ways to beat the oil-import bind, some policymakers are beginning to look at an idea for motor fuel that was tried by American farmers in the 1930s: a mixture of 90% gasoline and 10% alcohol known as gasohol. Already it is selling briskly at about 500 filling stations in the Midwest Plains states, where the corn from which alcohol is commonly made is abundant. The blend is hailed by its champions as a wonder that yields about the same mileage as unleaded gasoline and offers an ever renewable source of energy. Moreover, gasohol could, if it replaced...
Pusey echoed that sentiment in a letter to then-Dean John T. Dunlop, chairman of the University Committee on Governance, saying the Corporation would not make investments that support "activities whose primary import is contrary to fundamental and widely shared ethical principles." Furthermore, he said, in deciding on investments the University would consider whether a company "acts as a good citizen in the conduct of its business...