Word: imported
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After six months, Desi's father was released from jail and rejoined his family in Miami, where he went into the export-import business. Desi, who was 16, enrolled in St. Patrick's High School (his closest friend was Al Capone's son Albert), and got a part-time job cleaning canary cages for a firm which sold birds to local drugstores. He soon found steadier work as a guitarist in a four-piece band incongruously called the Siboney Sextette. The critics agreed on Desi's meager musical gifts. "He was always off-beat," says Theater...
Coffee is the No. 1 U.S. import. Last year, according to the Department of Commerce, the U.S. bought $1,361,000,000 worth of it, almost all of it from 13 Latin American countries. This was about 12% of all that the U.S. spent for goods from abroad, and it was 40% of all Latin American overseas sales...
...first years, Israel had spent far beyond its means. The state had pursued a policy of "ingathering" foreign Jews-the world's sick, homeless and unwanted -that was in principle irreproachable but in practice ruinous. Its population doubled in four years. In that four years, Israel had to import $800 million worth of goods while its exports paid for only one-eighth that amount...
American bounty had made up most of the deficit. Since 1948 the United Jewish Appeal has sent in $280 million; another $125 million came from Israeli bonds sold in the U.S. The U.S. Government contributed another $200 million in such forms as Export-Import Bank Loans, Point Four aid and Mutual Security Assistance. But now Congress, which had voted as much aid to tiny Israel in 1952 as to all the other Mid-East states combined, seemed disinclined to continue the pace. This week, as the U.S. Government, responding to an emergency plea from Tel Aviv, sped $11 million...
...Under the Reciprocal Trade Agreements Act, as renewed and amended in 1951, the Tariff Commission must investigate all requests for higher duties. When the level of any import reaches a so-called "peril point" (i.e., threatens to hurt domestic producers), tariffs must be automatically raised...