Word: imported
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...committee could point to several nations-Greece, Israel, Nationalist China and the Philippines-which have, under U.S. aid, progressed to the point where they can soon stand on their own, needing little more than conventional loans from the Export-Import Bank...
...cotton subsidy program, which costs $500 million a year, is just one blade of the scissors that the textile industry finds itself caught between. U.S. foreign policy is the other. More than 50 countries have virtually embargoed U.S. textile imports by one means or another. Japan last year exported 135 million yds. of cloth to the U.S., but permitted U.S. imports of only 490.000 yds. The State Department resists imposing stiffer import quotas and tariffs because it does not want to damage the economies of nations that the U.S. is trying to prop up. When President Kennedy himself proposed...
Personal income taxes in the lower brackets will be increased as much as 450%. Import duties on most raw materials, machinery and manufactured goods will be boosted from 15% to 55%. All of India's taxpayers will have to deposit up to 3% of their after-tax incomes in government savings accounts; businesses whose after-tax incomes exceed 6% of their capital value must pay a 50% tax on all subsequent profits. All basic household goods, cloth, food and cooking fuels will be hit with new taxes. Only exceptions: sugar, shoes, rice and matches...
...world's largest potash producers. It is pushing production of bromides and bromine, already ranks as one of the world's top five producers. Natural gas fields, recently discovered in the area, are being tapped and phosphate production sharply increased with loans from the Export-Import Bank. Last week a new plant opened in Sodom to refine table salt-95% of which will be exported to salt-starved Japan...
...voluntary exile in an isolated Burmese village near the borders of China and India. At least four high-ranking officers who shared his views were arrested or forced into retirement. With the opposition out of the way, Ne Win declared that the government would immediately take over the import and export business, the rice trade and some private industries. Burma's economy, said he, would now come under "total state control...