Word: importers
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...value of newly distilled Scotch has doubled during the aging period. But lately, overproduction has watered down prices of some types as much as 40%. Prices for full-bodied malts, which give Scotch its smoky flavor, are strong now because of rising world demand; the Japanese, for instance, import malts to blend into such "Scotch-type" drinks as Suntory whisky. A supply glut, however, is still depressing the prices of grain whiskies, which are blended with malts to give Scotch its lightness...
...foundation of Taiwan's economic success was laid in the late 1960s by Finance Minister K.T. Li. He pioneered the establishment of free-trade zones where foreign-owned factories can import raw materials and parts duty-free, assemble them into finished products and ship the products out as exports. Taiwan now has three such zones, each a kind of manufacturing compound. Together they will eventually employ some 90,000 Taiwanese workers in 150 enterprises. Foreign investors are also lured by cheap labor costs-one-third to one-fourth lower than in Japan-and velvet-glove treatment by the government...
Last week I took the Red Line down into the Combat Zone, to check out an "art film". What I saw was barely filmic, let alone artistic. The Astor Theatre on Tremont Street was showing Private School Girls, a German import. I had not been enticed by the silly ad in the Globe ("Karen made the Dean's List... and a few others"), but by a simple desire to see what skin flicks were all about...
...special energy message to Congress last month, President Nixon tried to steer a middle course while easing the shortages. He acted to increase supplies of foreign oil by abolishing the rigid import quota system and replacing it with a flexible system of tariffs on imported oil. To spur domestic output, Nixon ordered the Interior Department to triple by 1979 the amount of federal acreage leased to oil and gas companies. Moreover, the President asked Congress to drop price controls on new finds of natural gas, to extend investment tax credits on both dry and producing wells and to streamline time...
...former U.N. ambassador Charles Yost announced that the U.S. would officially discourage investment by American business in Namibia, would cut off Export-Import Bank guarantees and would not protect investments made since 1966. But none of the measures the U.S. government has taken to prevent investment have been effective. Many corporations--including Phillips Petroleum, Continental Oil, U.S. Steel and Bethlehem Steel--have decided to invest despite official policy...