Word: imported
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Bulova Watch Co. makes no secret of the fact that it does business with a cartel. Like other U.S. watchmakers who import Swiss movements, it has to; the Swiss passed a law in 1951 cartelizing their entire watch industry. Since 86% of all jewel movements sold in this country come from Switzerland (about 70% of Bulova's do), virtually every U.S. maker deals with the cartel. In doing so, the industry knuckles under to a tightly closed shop. The Swiss dictate how much watches are to be sold for, where they may be sold, and how many a manufacturer...
...Tamanaco cost $8,500,000-half from the Venezuelan government, a quarter from local private capital and a quarter from the U.S. Export-Import Bank. For the U.S. salesmen who swarm to the booming capital, it offers comfortable rooms at $8 a day; for luxury-seeking tourists it has suites...
...final clubs through the three-year occupation by the military. With the end of the war and the upsurge of the veteran, the clubs edged back into activity but most members realized that the cycle was now complete. The clubs, which had started as pleasure-bent groups of little import and which had swelled to become the leading center of activity in the College, had been stripped of much prestige, importance, and self-importance. The clubs have settled on the even plateau of the past seven years, with claims of service to members and no disservice to the rest...
...Treasury. The board would set and support dairy prices, paying the load out of assessments on farmers; presumably, the consumer would ultimately foot the bill, through higher prices. The stabilization board could sell its stocks abroad (but not in the U.S.) at below-support prices. There would be no import restrictions, but in surplus years, the U.S. Government would be required to buy dairy products in amounts equal to what is imported...
Dwight Eisenhower had hardly taken office ten months ago when he faced the first test of his "trade not aid" policy. On his desk was a recommendation from the Tariff Commission that he boost the import duty on low-priced brier pipes. Eisenhower, wanting more time and information, sent the recommendation back to the commission for further study. Last week he turned down the proposal...