Word: ship
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Dates: during 1990-1999
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Like so many corporate-welfare programs, this one isn't available to all companies. It goes only to those that export. The truth is, most large corporations that use the FSC break are already robust exporters and don't need much encouragement to ship abroad. They would export with or without the tax break. In this decade alone, this single corporate-welfare program has cost U.S. taxpayers more than $10 billion, with about $8 billion of that flowing to the largest corporations...
...really good at balancing things; he gives good advice. I don't know, he's just good like that. We just kind of complement each other pretty well. A lot of things I don't have, Danny has. It's really healthy. We have an open relation ship almost to a fault...
Griffith makes the sealant rubber that Daimler-Benz, Volvo, Mack Trucks and other truckmakers use around windshields and under hoods. Laney sees a domino effect: if U.S. companies can't ship their products to Asia, Brazil, Russia or other places in economic turmoil, they won't need trucks to get their products to port. That's why Laney is scaling back, even though orders for new trucks increased in 1998. "We're not spending money on new equipment," he says. And after two years in which Griffith built two new plants and invested some $3.5 million in new manufacturing capacity...
...products made even cheaper by Asia's falling currencies and by a desperate need to find new markets. The Pharmed Group of Miami, with $65 million in sales and 140 employees, has watched as its sales of latex gloves were hammered by this new competition. The company used to ship 2 million gloves a month to South American customers. Now, says president Jorge de Cespedes, "the Asians are dumping their products on our customers at such a low price that we cannot compete. We're shipping a container of a million latex gloves about every other month." The company...
ADDRESS UNKNOWN In 1986 the Khian Sea picked up a cargo of toxic incinerator ash from Philadelphia. The ship plied the seas for 18 months, and it was turned away by seven nations before dumping 4,000 tons of ash on a Haitian beach. Now, a decade later, Haiti will load the cinders onto another boat and stamp the poisonous pile Return to Sender. The cleanup was delayed by the cost--up to $1 million--and denials of responsibility. A waste hauler with links to the original dumper has offered $200,000, and Philadelphia will chip in only...