Word: quota
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...Amend U.S. immigration laws so as to 1) double the overall limit of immigration from quota countries, from the present level of 154,000 a year to 308,000 a year, and 2) base national quotas on the relative numbers that immigrated into the U.S. from various countries over the past 35 years rather than on the makeup of the U.S. population in 1920. The amendments would greatly increase immigration from Asia, Africa and Southern Europe (Japan's quota would rise from 185 to 1,859, Italy's from...
SUGAR, one of the world's most closely regulated commodities, has become a powerful economic weapon as the strain in U.S.-Cuban relations has increased. Last week President Eisenhower asked Congress to extend the Sugar Act for four years, grant him authority to cut the quotas of any of the 15 foreign nations (including Cuba) that export sugar to the U.S. Beyond its political implications, Ike's action raised a more basic question: Should the U.S. continue a protectionist quota system that compels the consumer to support the price of sugar...
Confiscation & Forbearance. What is the U.S. to do? For the time being, the U.S. will continue to grit its teeth and pursue a policy of patience. Secretary of State Herter says that the President is still opposed to taking economic countermeasures, such as cutting Cuba's sugar quota. The nation is already in difficult financial straits; its foreign-exchange reserves are down to $88 million, while debts abroad come to between $80 million and $100 million, much of it for the huge arms-buying program...
...textile industry last week laid before the Tariff Commission a country-by-country quota-protection program to offset the flood of foreign cotton imports. Bruised by competition from abroad, domestic cotton manufacturers recommended that each foreign country be limited to the volume of its 1955 cotton exports to the U.S. Otherwise, U.S. textile producers will be placed in the position where they will have to establish overseas plants to take advantage of less expensive foreign manufacturing facilities...
Cuba faces a similar threat from inflated Red prices and dumping in its agreement to sell the Russians 1,000,000 tons of sugar a year outside of its normal world quota. Warns one economist: "Much of what we call Soviet aid is in fact deferred barter...