Word: imported
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...Detroit is preparing to meet the challenge with a new group of cars even smaller than the original compacts. More than half of all imports are accounted for by West Germany's low-cost ($1,699) Volkswagen, whose continuing success suggests that the import phenomenon is attributable less to beauty than to size and price. With many foreign cars, of course, there is also the desire for prestige. Until now, the Big Three have been trying to fill the size and price specifications with their own foreign-built cars, notably Ford's English-made Cortina, Chrysler...
Deputy Premier Ota Sik, the country's top economist, wants to eliminate price supports, close inefficient plants, retrain workers and import Western goods so that Czechoslovak consumers can become accustomed to-and demand from their own manufacturers-better-grade products. In order to slip away from the Soviet embrace, Sik wants to borrow $500 million in Western Europe if the Soviets will not provide what he needs. With that money, Czechoslovak plants could buy the new equipment that they need to turn out high-quality products to sell in competitive Western markets...
...seven months in 1966 before stepping down to enter business. "I felt that in commerce," he explains, "I could make a real contribution to national development." Owner of one of the finest libraries on Africana in Kenya, Murumbi is chairman of a large sugar refinery, a Nairobi-based export-import firm, and an advertising agency that promotes, among other things, African trade abroad...
...Soon. With his penchant for obfuscation, De Gaulle phased out Pompidou in such a manner that the import of the affair was open to varying interpretations. After national elections, the Premier is required by law to hand in his and his government's resignation. De Gaulle used the procedure to dump Pompidou, but then cast the situation in another light by including in his farewell letter an intriguing line: "Dear Friend, hold yourself in readiness to fulfill any mandate the nation may one day bestow upon...
...France. Last week, as the Common Market prepared to take the historic step of eliminating all remaining internal tariff barriers, the French acted according to form. Faced with a worsening balance of payments problem, Charles de Gaulle's government marred the milestone by announcing a protectionist package of import quotas and export subsidies...