Word: quota
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Dates: during 1960-1969
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Even though Congress threatens to slash Cuba's sugar quota in reprisal for Fidel Castro's seizure of U.S. property, Hawaii is in no position to step up its production to benefit. So, last week, Hawaii's leading sugar company, American Factors, Ltd., announced a plan that it hopes will help it break out of its box. It set up a new organization called Sugar International* to equip other countries with a Hawaiian-style sugar industry...
Inevitably, such acts are building pressure in Congress for a change in the sugar quota system under which Cuba supplies one out of every three teaspoons of sugar used in the U.S., and at the premium price of about 5? per lb. v. 3? on the free market. This subsidy of $180 million a year to Cuba was once balanced by Cuba's preferential tariff rates. Now Cuba has raised tariff walls 30% to 100%, cutting back its imports from the U.S. by $156 million last year (to $390 million...
Though subsidizing a government that has openly set out to break all historic ties with the U.S. is unpalatable, cutting the quota might spur such a reprisal as abrogating the treaty giving the U.S. the Guantanamo naval base, or might actually strengthen Castro's support by increasing anti-U.S. sentiment. Chairman Harold Cooley of the House Agriculture Committee would like to keep the quota law on a year-to-year basis. Another talked-of solution: a bill giving the President the authority to change quotas at will...
Even When It Hurts. Not content with these restrictions, Menderes has also seized control of newsprint supply, uses it to punish outspoken papers by reducing their quota. Similarly, he established a government agency to handle the placing of all newspaper ads. While private advertisers have successfully resisted strict government control over their ads, Menderes' men see to it that government advertising goes to his favorite publications. After the Ankara weekly Akis (Reflection) criticized a public official, its government ad quota dropped to zero...
...garment manufacturers are not impressed by Hong Kong's voluntary quotas. "We're interested in U.S. control, not what Hong Kong tells us that they are going to ship," said one garment-industry official. The U.S. garment industry feels that other low-wage countries will follow Hong Kong's earlier example in sending quota-free cotton goods to the U.S., knocking the bottom out of many products of the U.S. textile industry. Thus, despite Hong Kong's restrictions, U.S. garment makers will continue to lobby for tighter legislative restrictions on garment imports into...