Word: marketeers
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Dates: during 1960-1969
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...round-trip plane fare. Even better news for hard-pressed Britain is an upsurge in foreign orders for British autos. British Motor Corp. expects to increase its deliveries to Europe by 5,000 cars this month. To meet that demand, B.M.C. is switching one-third of its home-market production to export models...
...balance of payments deficit in refusing to agree to any specific new steps to bolster the dollar. Officials in both London and Tokyo expressed alarm over the possibility that the Administration may ask Congress to enact some form of border taxes to offset those imposed by Common Market countries. Clearly, Johnson's unexpectedly drastic blow at the U.S. payments deficit had strained the intricate fabric of international arrangements for world trade. It will take cool heads and delicate negotiations to avoid some serious rips...
...version of the World War II Liberty ships. Called Freedom ships, the 13,870-ton cargo vessels can be mass-produced at $2.8 million apiece, eventually at the rate of 18 per year. There are over 900 Liberty ships still tramping around the world, and IHI spotted a lucrative market in replacing them. Though the mini-cargoes may appear insignificant alongside the latest-model tankers, the company already has orders...
...company's latest creation was introduced: a polyester and fiber-glass tire, which will be sold as a replacement for original equipment tires and is said by the company to have twice their lifetime. More expensive than the originals ($51 v. $34), the "Polyglas" brand will hit the market at the time tire replacements are being sought for cars acquired during the 1965-1966 sales boom...
...considering making available variable annuities, which are presently sold only through group-pension plans, to individuals as well. Unlike the ordinary annuity, an in vestment that pays off in regular fixed payments after a certain age, the return on a variable annuity is affected by fluctuations in the market value of the securities on which it is based. For the inflation-wary investor, such annuities thus figure to hold many of the same attractions as mutual funds...