Word: plywood
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Even developed countries resort to old-fashioned tariff walls. Japan, which generally has some of the lowest import fees in the world, imposes a 15% to 20% tariff on plywood because of the political clout of its lumber industry. In 1983 the U.S. hiked its duty on large motorcycles from 4.4% to 49.4% to protect Harley-Davidson, the last American manufacturer of the big bikes...
...late Howard Hughes loved airplanes. In 1932 he founded Hughes Aircraft, which manufactured the Winged Bullet that Hughes piloted to a U.S. transcontinental speed record of 7 hr. 28 min. at an average speed of 327 m.p.h. The company also built the famed "Spruce Goose," the eight-engine plywood plane that flew just once, with Hughes at the controls. Now a major defense contractor based in El Segundo, Calif., Hughes Aircraft is an important producer of satellites and missiles. It has high-security factories, where some of America's brightest engineers work on advanced military technology. Among...
...opening package early this week, the sixth in a series of unilateral trade-liberalizing measures that began in 1981. The advance word in the Tokyo press was that it would include a few modest steps aimed at mollifying U.S. critics, including the lowering of tariffs on U.S. semiconductors and plywood...
Cabot House Acting Master Myre Mayman got a new pet yesterday, named Arthur--and he's an 18-foot-long, multi-colored, plywood-and-painted canvas fish...
...first meeting was with the Egyptian representative, Mohammed El-Kony, a total mediocrity. He was cheerful, insisting that reports of Egypt's loss of its air force were inaccurate. "We deceived the Israelis. They bombed some of our false airfields, where we deliberately placed fake plywood airplane models. We shall see who wins this...