Word: imported
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...about 400 in all-sell for less than $3,000. For $4,000 (about the price of a Ford Thunderbird), the auto buyer can have anything but a few top models. Everybody is getting into the merchandising act, moving up, down, and all around to tap a foreign-car import market that is expected to top 500,000 units this year. Even England's staid old Daimler, best known for the limousines it builds for Britain's royal family, introduced a car specially designed for the U.S. market: a sleek, two-seater Daimler Dart sports car with speeds...
...Japan has entered the U.S. market with its Toyopet, Sweden with its Volvo. Italy has just brought out a sleek new Fiat, and the Dutch announced only last week that they will soon bring their brand-new Daf into the U.S. market. Even the babies of the import family, e.g., West Germany's tiny Isetta and Goggomobile, found a market for around 10,000 cars last year...
What gave committee members the roughest jolt was Slichter's suggestion that the U.S. gradually abolish all tariffs and import quotas over the next ten years. Getting rid of protective tariffs, he said, would expose U.S. businesses to brisker competition, force them to become more efficient, more imaginative, more resistant to excessive wage demands. "No single step that the Government could take," said he, "would make such an important contribution toward strengthening the American economy...
...called the "West Point of the Republican Party," the HYRC lists 160 members, 20 of whom "would come in and do anything for us." Though the club is most famous for what its president calls "our annual circus," elections are calming down, and candidates are no longer allowed to import a hoard of friends just before balloting time...
Foreign makers contend that this is plain trade nationalism. For one thing, a mere one-half of 1% of the U.S. electric supply depends on foreign generating-equipment. Also, U.S. makers export far more heavy electric equipment than the U.S. imports-$840 million exported, v. $61 million imported from 1952 to 1957. Private utilities have bought little foreign gear, but the Tennessee Valley Authority last month selected Britain's C. A. Parsons & Co. Ltd. to build a 500,000 kw. turbogenerator-one of the world's biggest-at Tuscumbia, Ala., and said that Parsons is indeed "qualified, technically...