Word: imported
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...give them their due, though, they finally did come through with a combination of revised export and import taxes which have the same effect on the international prices of their goods as a 4 or 5 per cent upward revaluation would have had. (But adjusting export taxes does not have the same psychological impact on speculators that a revaluation has, and the Germans knew that, too.) And their position wasn't really so harsh, once it had been stripped of its vindictiveness. They were asking why they should sacrifice any of Germany's hard-earned prosperity simply because the English...
Trouble is, that appetite has led many U.S. businessmen to demand protection in turn. Justifiably or not, Congress this year has been deluged with bills to put import quotas or similar nontariff barriers on steel, textiles, footwear and dozens of other products. The temptation to erect trade barriers is seductive. For somehow, the U.S. must end or at least substantially reduce its persistent balance of payments deficit; otherwise the dollar may face the same pressures as the franc and the devalued pound...
...full swing in the city's exhibition hall at Parque Ibirapuera, and auto manufacturers were making the most of their opportunity to trumpet that in one decade Brazil has managed to develop a viable motor industry. As recently as the 1950s, Brazil spent $140 million a year to import autos; last year, because of increased domestic production and higher tariffs, imports amounted to $3,000,000. This year the country's carmakers will turn out 270,000 cars and trucks, show sales of nearly $1 billion, provide jobs directly or indirectly for 155,000 Brazilians, and contribute...
Service Stations Too. Almost inevitably, the auto boom has brought problems along with progress. Petrobras, the state oil company, has long hoped to supply all of Brazil's petroleum from domestic wells. But the rising statistics of auto ownership obliges Brazil to import about 50% of its annual supply. The $260 million oil bill that car drivers run up more than offsets the savings on auto imports. As such, it is a primary factor in the country's painful balance-of-payments deficit...
Decision -- what flavor ice cream cone?: Constantly you are asked to make decisions of seemingly little import which turn out to be the most entire life. Vannila ice cream, as it happens, you can get at the corner spa near where you life, so you remain a homebody and eventually go to Harvard. Chocolate ice cream is only available at the Dairy Queen down next to the Sunoco Station; had you eaten there, you would have fallen in with some people all of whom later worked in gas stations...