Word: marketeers
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Dates: during 1970-1979
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...Economic Advisers under Presidents Kennedy and Johnson. He adds, "Taxes in most European countries run up to 35% and 45%. The only major country that's below us is Japan." As Heller sees it, the California revolt reflects local circumstances, including California's booming real estate market and Governor Jerry Brown's delay in promoting tax reductions. Recalls Heller: "Several of us economists were invited to Sacramento in the summer of 1975, and we told Brown that there would be revenues running out of his ears by the time the economy went back up the recovery path...
...defensive." Notes Sprinkel: "It will make local government more dependent on state financing, but it will also cut down state spending. If the states run protracted deficits, the quality of their bonds will go down and the interest rates they pay will go up, so the market provides a built-in mechanism to force state governments to live within their budgets...
Many of the Vietnamese refugees have been subjected to extortion several times. First, illegal ship brokers in Viet Nam demand 20 to 35 taels of gold ($6,000 to $10,500 on the Saigon market) to put a family of six on a fishing junk with 150 other people. When the ships near the Thai coast, Thai naval patrols sometimes climb aboard and rob the refugees of their remaining money and belongings. At least 1,000 boat people from Viet Nam are currently living in abject squalor on a stretch of beach in Songkhla, near the Malaysian border. These refugees...
Production is no problem. The U.S. could raise its food output by 30% or 40% within the next decade, Wyman estimates-if it had a market that would pay. The hang-up is that "getting the food from here to places like India is all out of proportion to the payoff. But the U.S. Government could offer some incentives so that business would find it profitable...
More modest joint ventures are already blooming in developed countries. For example, Europeans raise corn, but only as feed for livestock. Wyman's market researchers tested sweet corn on Europeans-and discovered that they love it every bit as much as people in Peoria do. So Green Giant joined with a cooperative of 7,000 farmers in the South of France to raise and process the stuff. This year the combine will sell almost 1 million cases of Géant Vert corn throughout Europe...