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...Greek bishopric can be a paying proposition. The country's bishops draw an average $4,000 tax-free salary a year, plus a residence and the right to import their cars without paying duty. Bishops get 3% of the income from all weddings, christenings and funerals in the churches in their dioceses, plus a handsome $1.33 for every marriage license, divorce decree and celibacy certificate (a document proving that a person is not married...
...week job in a commodities house, where he learned the intricacies of that gyrating business and discovered the secret that got him going: fortunes can be made on a meager stake in international trade. At 23, he invested $3,000 and started his own export-import business in a small Manhattan office. Within eight years he had bagged his first million by buying an awful lot of coffee from Brazil...
Rhodesia is already feeling the first effects of the economic siege. To compensate for the import duties that it will lose, the government last week sharply raised taxes on domestic beer, whisky and tobacco. South African banks, on which the Rhodesians had counted as allies, temporarily stopped trading in Rhodesian pounds because of the uncertainty. The United Nations, which has never imposed economic sanctions on any nation last week recommended an oil embargo on Rhodesia and the U.S. announced it will not accept Rhodesian sugar...
...Underseller Undersold. The industry's troubles began with widespread restrictions by other countries against importing the cheap "dollar blouses" with which Japan flooded world markets in the 1950s. The reaction is still strong. This year, sweeping import barriers set up by Japan's major African customers (Nigeria, Tanzania, Kenya and Uganda) will contribute substantially to an estimated 5% decline in the country's cotton exports. On top of this, Japan is losing ground in traditional markets simply because spinners in other countries have been quicker to modernize, and thus to undersell the Japanese...
Monetary Reformes are considered necssary to keep the temporary payments deficits of any country from interfering with its ability to import. When Italy, or example, runs a deficit, foreigners equire more lire than they need. As they sell off surplus lire on world money markets, the price is pushed down...