Word: imported
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...free-enter prising Republican millionaire from the traditionally high-tariff Midwest would feel about such economic aid. Capehart gathered his evidence tirelessly, attending more than 300 meetings with U.S. and foreign business and government officials. As Banking Committee chairman, he focused on the work of the Export-Import Bank of Washington and the International Bank for Reconstruction and Development (World Bank). Chomping cigars, he applied to his job a 20-20 insight into practical commerce, the horse sense of an Indiana Rotarian and the conviviality of a life member of the Loyal Order of Moose. His conclusion, summing...
Capehart particularly stressed expansion of the Export-Import Bank rather than the World Bank. He reasoned that Export-Import i) favors loans to private (including U.S.)companies in Latin America, and 2) requires that imported machinery and equipment used in its developmental projects come from the U.S. (The World Bank lends mainly through governments, insists that equipment be bought where cheapest.) Capehart's recommendation collides with the policy of Secretary of the Treasury George Humphrey, who has cut Export-Import Bank loans to a minimum for reasons of general economy. When this issue comes up for settlement, probably before...
...take advantage of cheaper labor. Nash will make the cars through two British firms (Fisher & Ludlow for bodies, Austin for engines), import them to the U.S. in two models, a convertible and hardtop. Price at ports of entry: $1,469 for the convertible, $1,445 for the hardtop (radio and heater $129 extra...
AUTOMAKERS are pulling out of India because of government import restrictions aimed at building a domestic auto manufacturing industry. Both General Motors and Ford of Canada will close down their Bombay assembly plants, the first and second largest in India...
...Korean war, U.S. Army special procurement orders for supplies have dropped 70% from the $32 million-a-month average in the first half of 1953. Japan's industry is burdened by crushing bank loans; labor and raw materials are skyhigh. With fewer dollars than before, Japan must still import a minimum of $400 million worth of basic foodstuffs each year, and her exports are falling behind imports by $240 million a year. The result is that Japan's economy seems on the road to collapse. In 14 months, her foreign-exchange reserves have sunk 18%, from $1.1 billion...