Word: trade
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Dates: during 1970-1979
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...need for expensive scrubbers on plants that use low-sulfur Western coal. The U.S. also has to dig more coal mines (including strip mines), build more and safer nuclear plants, construct more oil refineries, drill more offshore wells, develop more oil shale projects. All of these will require some trade-offs with antipollution laws, and none of the projects can be accomplished if small groups of zealots set out to block them while OPEC's new Midases sit back and applaud...
...natural gas; the U.S. could negotiate to provide guaranteed markets and much needed capital in return for a steady supply of gas. Mexico is proud and sensitive about its patrimony of oil and gas, but the U.S. could acquire more of it by admitting more Mexican immigrants, giving trade preferences to Mexican exports, exchanging American agricultural technology to help feed one of the world's fastest growing populations and generally treating its neighbor as an equal partner...
...first time in four years, contracts for future delivery of wheat traded on the Chicago Board of Trade have exceeded $4 per bu.-a psychological mark that is as important to grain traders as the $300-an-ounce level is to dealers in gold. Though prices dipped somewhat last week, contracts for wheat and some grains to be delivered in July rose to yearly highs during June. At their peak, contracts for wheat were up to $4.86 per bu., vs. $3.23 for the same period last year. Corn, the major livestock feed, jumped to $3.17 per bu., up from...
Just when Washington is trying to cultivate warmer relations with oil-rich Mexico, a decade-old trade row over winter vegetables threatens to erupt again. Responding to complaints from some Florida growers, the Treasury Department has begun investigating whether Mexican exports of tomatoes, eggplant, bell peppers, squash and cucumbers have been "dumped" in the U.S.-that is, sold at prices below their cost of production. Should the Mexicans be found guilty of violating the antidumping law they would have to pay duties on their produce to cover the margin of dumping. The issue is hot. As a State Department specialist...
...Africa. A few pioneers stumble on unexploited territory and stake it out, often forgetting to register their claims. Then the dealers arrive, and the collectors, carving up the area, reducing it to mining ground, a tangle of jumped claims and abandoned shafts, patrolled by trigger-happy art historians. Trade follows the flag. The original inhabitants, of course, are long gone. A few survivors get a job in the mines. So it has been with the big "rediscoveries" of the art market in the past 20 years, such as art nouveau, art deco, 19th century American art-and now Soviet vanguard...