Word: traders
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Dates: during 1970-1979
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...this summer A McDonald's opened. This was such a monumental event that my brother and two friends slept outside McDonald's on the eve of its grand opening and were rewarded with the first three hamburgers. Their picture was on the front page of another area newspaper, Patent Trader, and the local radio station taped an interview. They were heroes. It created even more excitement than the visit of Ronald McDonald two weeks later...
...almost think that there was nothing going on there. But that's ridiculous. Who could forget, if he ever learned of it, the results of the First Baby Contest two years ago? Patent Trader sponsors a contest for the first baby born in the new year at our hospital. Local merchants present the mother everything from trading stamps to a pet monkey. So imagine everyone's surprise when an unmarried 15-year-old girl won that race early one January 1. She apparently turned down all the publicity-including the traditional front page picture-and the first married mother walked...
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...