Word: imported
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...Nova Scotia boy, Lauchlin Currie traveled far. He studied economics at Harvard and remained to teach; he became a U.S. citizen, a Treasury Department economist, eventually administrative assistant, friend and close adviser to President Roosevelt. After Roosevelt's death Currie, at 43, bowed out of Government, opened an import-export firm in Manhattan...
What Latin America really needs from foreign trade is enough return to buy the capital goods required to send its Johnny-come-lately industries into an upward spiral, lifting the people's standard of living. This "capacity to import" is set largely by the volume of exports of farm products and minerals and the price they bring. Last year Latin Americans turned out plenty of these products, e.g., agricultural output (sugar, bananas, meat, coffee, cacao, wool) was bigger than in 1954, both total and per capita. But the prices of the exports fell so sharply (notably in coffee...
Trippers' Triumph. From the outset, U.S. tourists eagerly bought the checks. President Fargo stubbornly resisted any more truck with tourists, even though American Express had a chain of import offices in Europe. "I will not," he growled, "have gangs of trippers starting off in charabancs from in front of our offices the way they do from Thomas Cook's. We will cash their traveler's checks and give them free advice. That's all." Inevitably, the trippers triumphed...
When he discovered that the Army spent $1,000,000 yearly just to handle : empty milk bottles, McLane cannily worked out a deal to import U.S. machinery for packaging milk in cardboard containers. To pay for the equipment, he borrowed $250,000 from the Dutch reconstruction bank, then signed up The Netherlands' giant Sterovita Corp. to supply the milk, through McLane, for all U.S. forces in Europe...
...recently from Mack Truck President P. 0. Peterson, who landed a $1,000,000 bus order from Iran with Ex-Im help. Wrote Peterson: "If America is to continue to grow and prosper, industrial concerns like Mack must find outlets for their increasing production. The Export-Import Bank is playing an essential role in enabling America to obtain its fair share of foreign markets...