Word: millions
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Dates: during 1960-1969
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That still leaves a shocking deficit. In the early 1960s, U.S. exports exceeded imports by an average $5.5 billion yearly. This year imports are exceeding exports - by $29 million in the second quarter. With no trade surplus, the U.S. is dependent on inflows of foreign capital to offset its overseas military and tourist spending, and it is no longer getting such inflows. As stock prices declined, foreign purchases of U.S. securities dropped by $1 billion in the second quarter, to $300 million...
Costly Misjudgment. The union's members are also challenging their leaders. Two weeks ago, 78 miners and miners' widows filed suit against the U.M.W. in federal court, asking for $75 million in damages. They charged the U.M.W. with conspiring with its welfare fund, with the union-owned National Bank of Washington and with the Bituminous Coal Operators Association to defraud them of their pensions through fiscal mismanagement and the manipulation of union funds for private gain...
While other Europeans may excel in joie de vivre, the Germans find their joy in Arbeitslust - the seemingly insatiable desire to work, no matter what. That partly explains why West Germany's 26 million workers hardly ever strike, and why Germany's economy and currency have gained such envied strength. In Bonn, the Federal Statistics Office has reported that only 36 strikes occurred in West Germany last year. The number of striking workers was 25,167, of whom 23,836 walked off the job for less than a week, many for just a few hours. As a result...
...German totals were by far the lowest for any industrial country. By contrast, Britain had 2,362 strikes and a loss of 4,692,000 man-days, and the U.S. had 5,045 stoppages, which caused a loss of 49 million man-days...
Despite such obstacles, the city is building the world's highest (elevation: 7,349 ft.) underground transit system. Later this month President Gustavo Diaz Ordaz is to dedicate the first ten-mile stretch of the $300 million, 26-mile net work. Then French-built, orange-colored trains with rubber tires will start rolling along the tracks at three-minute intervals. For months, proud Mexicans have been lining up on Sunday afternoons by the thousands to gawk at the project and its artfully decorated stations, including one built around an Aztec pyramid unearthed during the excavations. They have dubbed...