Word: importent
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Dates: during 1970-1979
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...billion in 1973 to an estimated $15 billion this year. To do that, Japan will push exports hard while stepping up its battle against inflation at home. Says Takamasa Matsuda, director of research at the Fuji Bank: "The higher oil costs affect every nation, not Japan alone. The increased import costs can be partially absorbed by higher export prices, and the rest of it will be absorbed by more efficient energy use within the country...
...United States, Portugal and South Africa are the three countries that import Rhodesian goods in violation of the U.N. resolution. The U.S. originally voted in favor of the sanctions, but pressure soon mounted from American steel producers who preferred Rhodesia's low-priced chrome to the inflated prices they then paid for the Soviet Union's shipments. Finally, in 1971, Congress relented to the pressure. Under the Byrd Amendment to the 1972 Procurement Authorization Act, the U.S. can import Rhodesian goods designated as "strategic" in importance. The amendment originally allowed for importing chrome alone, but the strategic definition has since...
...crude-oil allocation plan, which was ordered by Congress, has been an "unmitigated disaster." Simon last week called on Congress to suspend the program for 90 days to allow time to amend the system. Such a move would temporarily enable the majors to keep all the oil they import for themselves and should persuade them to step up imports. One possible change in any new allocation plan: only small refineries turning out no more than 30,000 bbl. per day would be permitted to buy from companies in the U.S. That limitation would probably satisfy the majors, whose main complaint...
...billion today, and three Latin countries-Mexico, Brazil and Venezuela-are among the U.S.'s twelve biggest trading partners. The Latins will argue that since about half of Washington's estimated $1.9 billion trade surplus in 1973 came from their countries, the U.S. should import more goods from them. They will also voice some predictable complaints about interference in their countries' internal affairs by U.S. companies. ITT'S well-documented meddling in Chilean politics is a green and painful memory throughout the hemisphere. Even if Kissinger accepted all of the Latin arguments, however, he would still...
...seems a little like dressing Gary Grant in bib overalls. The Duke messes around casually with playing the title character, a Seattle cop who quits the force to press a vigorous one-man investigation of his partner's death. His searches lead to discoveries of gangsterism in the import business, corruption in high places, lax moral standards in corporations and other illuminations that come as more of a surprise to Wayne than anyone else...