Word: traded
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Dates: during 1960-1969
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...ordinary balls to the core. Priced from $6 to $15 a dozen, about the same as standard balls, they are sold at sporting-goods counters, in department stores and at driving ranges. Golf-course professionals, however, rarely include them in their inventories; they threaten a lucrative replacement trade...
That still leaves a shocking deficit. In the early 1960s, U.S. exports exceeded imports by an average $5.5 billion yearly. This year imports are exceeding exports - by $29 million in the second quarter. With no trade surplus, the U.S. is dependent on inflows of foreign capital to offset its overseas military and tourist spending, and it is no longer getting such inflows. As stock prices declined, foreign purchases of U.S. securities dropped by $1 billion in the second quarter, to $300 million...
Treasury Under Secretary Paul Volcker last week called the deficit "one cost" of inflation, which raises U.S. export prices and sucks in low-priced imports. To control inflation sufficiently to restore a trade surplus, he added, will take "years rather than months...
...customer with a used car may do better by selling it privately instead of trading it in for a new car. No matter how sound the condition of the used car, dealers generally pay only rock-bottom prices, which are set at wholesale auctions. If a car's wholesale value is $800, a dealer may offer his customer a trade-in of $1,000. In fact, he will usually make up the difference by tacking $200 onto the price...
Both political and economic pressures lie behind Kaunda's move. Zambia, the former British colony of Northern Rhodesia, remains uncomfortably dependent upon white-dominated Rhodesia for trade and electric power. The cost of living is soaring and abrasive tensions between Zambia's blacks and whites (who constitute 1.5% of the population), are on the rise. Recognizing the importance of the mines to his country, Kaunda met two years ago with Chile's President Eduardo Frei to discuss an arrangement to help maintain world copper prices and quotas. Although no price-fixing agreement resulted from their talks, Frei...