Word: trader
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Ways and Means Chairman Wilbur Mills, a backslid free trader, shrewdly senses the rise of protectionist sentiment among politically potent forces. The bill, which Mills expects to report out by month's end, would impose mandatory quotas on imports of foreign shoes and synthetic and wool textiles. Furthermore, it would force President Nixon to continue curbing oil imports by a quota system, rather than replace the quotas with a less restrictive tariff. The oil deal was wrapped up in eight minutes. Even that might be only the beginning. An omnibus provision authorizes the President to put quotas...
...once championed free trade but is now campaigning for shoe quotas: "Shoes are vital for defense. An army has to have shoes to march on, doesn't it?" The A.F.L.-C.I.O. stand weighed heavily in the Ways & Means votes. Says New York Republican Congressman Barber Conable, a free trader: "It is awfully tempting when you can pick up labor votes on an issue like this...
...President is a self-proclaimed free trader, but last month he redeemed an ill-advised 1968 campaign promise by "reluctantly" backing textile quotas to help his Southern supporters. Other industries started calling for relief from import competition. Commerce Secretary Stans complained that the U.S. had become "Uncle Sucker" by lowering trade barriers while other nations kept them. Administration officials are horrified by the protectionist deluge that those comments provoked and are struggling to contain...
...rejects the legend that the North American Indian could not hold his firewater. More typically, he had to be coaxed at first even to sample it. A tribe would cautiously nominate its oldest-and therefore most expendable-member to take the first sip. Daniel Harmon, a 19th century fur trader whose journal is extensively quoted, reported that as often as not, alcohol had a tranquilizing effect on the Indian initiates. "I had rather have 50 drunken Indians in the fort," he wrote, "than five drunken [French] Canadians." Indeed, the wild and murderous debauches attributed to Indians can be readily explained...
...prosperity sphere" nations. American dominance in Asia is diminishing, and President Nixon's declaration at Guam portends the phasing out of deep involvement by the U.S. here. To lead in Asia again won't be a strange role for Japan, and the Japanese trader with his attache case might still furnish the ultimate victory where kamikaze pilots hit a blank wall...