Word: localize
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Dates: during 1960-1969
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...want to sell us the water, but we negotiated." It was not a particularly good bargain for Kallia: the settlement pays the Arabs 80 per cubic meter, roughly four times the area's going rate. But part of the nahalniks' difficult job is to show the local Arabs that living with Israelis can be good for everyone...
When Communist rioters swirled through the streets of Hong Kong in 1967, the business community trembled on the edge of chaos. The local stock market dropped to a modern low; bank deposits plunged; tourism dried up. Nearly 1,000 businessmen made inquiries about shifting to Taiwan or Singapore. But peace returned-and so did prosperity. No businesses actually moved out. Despite the monumental inconveniences caused by what is now euphemistically called "the disturbances," 1967 turned out to be Hong Kong's best export year until then, and 1968 was even better in every respect. Last week, as it celebrated...
...more major hotels are due by the early 1970s, when tourism is expected to total 1,000,000 visitors a year. The local government is arranging financing for a $17 million runway extension that will open Kai Tak Airport to jumbo jets; it is also planning a $500 million subway and a $350 million road improvement, including a tunnel to connect the mainland Kowloon peninsula with Hong Kong Island...
...group they have earned no profit for the past three years. The failure is due to the lack of trained management and to all the handicaps of slums: high unemployment, low incomes and savings and marginal local businesses...
...banks that succeed seem to do so by recruiting able management and making the local black community feel deeply involved. One problem is that many Negroes still feel more secure depositing their money with white bankers. This will be overcome in time, as education spreads. The longer-term danger is that, in their desire for safe profits, the black bankers may become overly prudent and turn down loans to the new Negro entrepreneurs who alone can turn the dream of "black capitalism" into a reality...