Word: marketeers
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Dates: during 1970-1979
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...third treaty commitment involving a possible cost to the U.S. was the American guarantee that it would provide oil from its own resources if Israel cannot buy its normal oil supplies on the world market. Of greater concern in Congress than the cost, if any, is the likely adverse public reaction to sending oil to Israel if there are shortages within the U.S. The Administration argues, however, that any Israeli oil deficiency would be an insignificant portion of U.S. supplies...
...been nationalized, Barre is insisting that state-owned companies turn a profit. His model: West Germany's free-enterprise-oriented economy. Barre's government has already dismantled an archaic system of price controls that contributed to inflation because it eliminated incentives to lower prices in a competitive market. Now the Premier wants to curb the flow of public funds into deficit-ridden industries, and he has urged managers to streamline their operations by laying off workers if necessary...
...have been pleased by the progress that had been made toward his overriding vision. Last week, at a summit meeting in Paris, leaders of the Community officially launched the long-awaited European Monetary System. Next June there will be direct elections for the European Parliament, and the Common Market is slowly negotiating expansion to include Greece, Portugal and Spain...
...French Foreign Minister Robert Schuman on the idea of the European Coal and Steel Community, as a way to defuse ancient Franco-German rivalries. Two years later, the Community was in operation, with Monnet as its president. That successful effort paved the way for the creation of the Common Market, established by the Treaty of Rome...
America's TV manufacturers have long been bitter about the flood of Japanese television sets into the U.S. For nearly ten years, they have insisted that these imports, which last year totaled 2.8 million sets and captured 40% of the market, have been illegally "dumped," sold at cheap prices way below those charged in Japan. But the last three Administrations have been strangely deaf to the industry's plaints. Investigations into the charges have been halted, and dumping duties that should have been collected have not been. Now, at the prodding of Congress, the Carter Administration...