Word: tvs
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...chances of recovering stolen bicycles, stereos, TVs, tape-players, typewriters, and appliances aren't as good, but they're much better if you supply the serial number to police. And it's smart to scratch your driver's license number on any valuables that don't have serial numbers. Pawn shops regularly report the serial numbers of new items; these are usually the only positive identification police have for recovered stolen goods...
...official value of little more than a fourth of a U.S. cent. The Japanese are understandably pleased with this situation, but their trading partners are furious. An undervalued currency gives Japanese goods an exaggerated price advantage in foreign markets; Toyota and Datsun cars, Nikon cameras and Sony TVs, for example, all cost less in the U.S. than they would if the yen had a higher dollar value. Last month's international monetary crisis strengthened this Japanese advantage by triggering increases in the values of several European currencies, notably the West German mark. The mark has been left free...
...Americans are buying more Volkswagens, Toyotas and Sony TVs. U.S. sales of goods and services to foreigners still exceed purchases, but this trade surplus has been shrinking and can no longer pay for as much of the military and tourist spending and corporate investment abroad as it once did. From $8.5 billion in 1964, the trade surplus plummeted to $1.9 billion in 1969. The surplus rose to $3.6 billion in 1970, but that increase is less encouraging than it looks. Exports rose less and imports held up more than they have in past recession years-an indication that U.S. industry...
...angry protectionist reaction in the U.S.?Tokyo's wartime conqueror turned No. 1 trading partner (see Symposium, page 90). Fully 30% of Japan's exports go to the U.S. As recently as 1964, Japan bought more than it sold in U.S. trade. Since then, the popularity of Sony TVs, Nikon cameras, Panasonic radios, Toyota and Datsun cars, and Honda and Yamaha motorbikes has turned the picture upside down. Materials-short Japan is a big and growing consumer of American coal, lumber and even soybeans, but in each of the past three years its sales to the U.S. have exceeded...
...long string of Sony products followed: the first small transistorized TVs, the world's smallest AM radio, even the video-tape cassette recorders used by U.S. astronauts on Apollo moon flights. Their development is a tribute to Ibuka's inventiveness and Sony's highly flexible operating methods. The company, says Morita, is not constricted by a formal research and development budget; it simply pours as much money as seems necessary into a promising idea. Sony's top managers also frequently tear up the organization table, assigning people from throughout the company to work on what looks like the next...