Word: importent
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Dates: during 1970-1979
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...major retailers such as J.C. Penney and Sears reported double-digit sales gains in January, and auto sales in the first ten days of February were 15% higher than a year ago. The consumer buying spree, the inflationary rises in the price of energy, the gloomy prospects of higher import costs and pressure on the balance of payments−all these will move Federal Reserve Board to keep credit tight and interest rates high. Thus the nation will need great luck to avoid recession amid inflation...
That can be the most trying part about doing business in China. Marshall Goldberg, director of administration at Brooklyn's Monarch Wine Co., which will import Chinese beer and vodka into the U.S., recalls a telling episode. During Monarch's negotiations in Peking, disputes over how much advertising would have to be done in the U.S. got so prickly after three weeks of talks that "we walked away saying, 'Let's part in friendship.' " The Chinese, Goldberg recalls, then coolly "took us to the Peking opera that evening and the next morning...
...import for all of physics: it not only laid down the basic principle of the laser some 40 years before the first such device was made but, more broadly, also advanced quantum theory. In addition, Einstein contributed significantly to the rebirth of cosmology, the study of the origin, history and shape of the universe. The Dutch astronomer Willem de Sitter and later the Russian scientist Alexander Friedmann had concluded that Einstein's equations pointed to an unstable universe ?possibly an expanding one. Because such a changing, dynamic universe was totally at odds with the popular picture of the heavens...
...attempt to support Castro's faltering economy, the Soviet Union has been buying much of the coffee Cuba grows at a price higher than on the world market. In fact, Cuba has even been accused in some anti-Castro quarters of mixing imported coffee with home grown and then selling the spurious blend to the Russians. Be that as it may, Cuba does import cheaper coffee for domestic consumption...
...popularity of Kents over all other imported cigarettes has less to do with taste or tar content than with the fact that Brown & Williamson International, which markets Kents abroad, has cornered 90% of the Rumanian cigarette import market. The dollar shop at Bucharest's Intercontinental Hotel is piled high with cartons of Kents, a tantalizing symbol of Western opulence. Among the principal purchasers are Third World students in Rumania, who supplement their meager stipends by buying Kents and trading them for cash. Such traffic, though illegal, is tolerated by the government. After all, bribery has been part of Rumanian...