Word: imported
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...Australians have always returned to that reliable old import, God Save the Queen. During the 1972 election campaign, Labor Party Leader Gough Whitlam said that no self-respecting country should wave its flag to the words and music of its former colonial overlord. One of his first acts as Prime Minister was to begin still another search for a new song more befitting "our national aspirations." Although the government offered a prize of $14,850 to the winner, none of the thousands of entries was thought worthy of a kangaroo lullaby, let alone a national anthem. In desperation, the government...
...north India swell. The flow in those rivers is now down to a trickle. Nor can coal-fired generators take up the slack. Plagued with their own problems, including limited fuel supplies, they are not working at full capacity. At present sky-high prices, India also cannot afford to import as much oil as it needs to operate the supplementary plants that power individual factories. So the country faces power shortages that promise to be even worse than those that cost its industry $1 billion in lost production last year...
...than most industrial states to world inflationary trends because it has almost no raw materials of its own and must import those needed by its mighty industries. Prices began to rise sharply in 1972, in part because of the sudden spurt in the global cost of commodities and smartly rising wages. To restrain inflation last year the government reined in the money supply and cut spending to the bone. Then the oil crisis burst on Japan, raising nightmares of economic stagnation. Panicky consumers rushed to buy up everything in sight, wholesalers hoarded goods in jammed warehouses in anticipation of even...
...billion in 1973 to an estimated $15 billion this year. To do that, Japan will push exports hard while stepping up its battle against inflation at home. Says Takamasa Matsuda, director of research at the Fuji Bank: "The higher oil costs affect every nation, not Japan alone. The increased import costs can be partially absorbed by higher export prices, and the rest of it will be absorbed by more efficient energy use within the country...
...United States, Portugal and South Africa are the three countries that import Rhodesian goods in violation of the U.N. resolution. The U.S. originally voted in favor of the sanctions, but pressure soon mounted from American steel producers who preferred Rhodesia's low-priced chrome to the inflated prices they then paid for the Soviet Union's shipments. Finally, in 1971, Congress relented to the pressure. Under the Byrd Amendment to the 1972 Procurement Authorization Act, the U.S. can import Rhodesian goods designated as "strategic" in importance. The amendment originally allowed for importing chrome alone, but the strategic definition has since...