Word: imported
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Fruits of Folly. Inflation and other consequences of imprudence have caused Japan to spend too much for imports, much more than her high-priced exports can balance. (A Japanese refrigerator sells for around $500.) But not all of her troubles are the fruits of postwar folly. Before she lost her empire in the war, she got rice from Korea, wheat from Manchuria. Now she must import $400 million in food annually to feed her people. Her own rice crop last year was the poorest in 60 years. She has no coking coal of her own; her prewar source of supply...
...base itself, British troops exulted, too. They were glad to be cooped up no longer in their hot, sandbagged quarters (in recent months, cut off from Egyptian supplies, they have had to import beer and fresh fruits and vegetables, sometimes all the way from England...
...final stage of financial confidence when British pounds may be freely exchanged with dollars and other currencies? Within the next year "perhaps," answered Derick Heathcoat-Amory, Minister of State in the Board of Trade last week. Along with convertibility, said Tory Heathcoat-Amory, should come "the total abolition of import restrictions." Just how soon this happy day arrives, he added, depends on 1) Britain's own balance-of-payment situation; 2) whether the U.S. helps by liberalizing its own international trade policy...
...counter of the supermarket. Department stores use Federal Reserve Board retail-sales figures to plan buying and to control inventories. Railroads use Government figures for rate bases; makers of building materials and appliances base production on Commerce Department housing reports; shippers set up their schedules after looking over the import-export figures...
...company's break-even point is $900,000 a year, and it is grossing less than $800,000, mostly because of the European competition. Says Gauss: "They pay a first-class mechanic 60? an hour, against $2.50 here. As a result, they can deliver a boat, including import duty, at one-third less than we can." European shipbuilders even have U.S. defense orders, e.g., the Navy has just ordered four minesweepers from Yugoslavia for $3,500,000. Snorts Gauss: "Imagine giving the contracts to a Communist country...