Word: importance
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Dates: during 1960-1969
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...part, the Administration made the gesture of easing U.S. restrictions on trade with China. For the first time since the Communists won control of the mainland in 1949, U.S. businessmen may engage in nonstrategic trade with China. Though the ban on direct commercial import of Chinese goods remains, U.S. firms are free to buy Chinese products, and sell their own to China, through foreign-based subsidiaries or through intermediaries in other countries. U.S. citizens abroad will be able to bring back unlimited quantities of Chinese-made items, which will be subject only to normal tourist duties...
...less highly trained "paramedical" workers to perform simple functions like applying bandages and giving injections. Federal purchases could be more adroitly timed to take advantage of favorable prices. Government regulatory agencies might abolish minimum rates for freight shipments and other transportation, and permit competition to take over again. Oil-import quotas, which cost gasoline consumers at least $4 billion a year, could be revised or scrapped. Fair-trade laws, which place floors under the prices of some goods, might also be repealed. These are the sort of moves that economists as far apart as Walter Heller and Milton Friedman agree...
...remarkable change of tone and import from Hawthorne's to Seastrom's Scarlet Letter can be traced in the distance between Seastrom's and Griffith's drama. One notices it first in Gish's acting. Her hands, which in Griffith persistently fluttered toward face and breast, are held in more tightly or used actually to grasp people. Seastrom gives their pure emotional energy a real application: Gish's gestures, rather than only expressing her spirit. become actions with physical and specific ends...
...calls it the first "fullscale attack" against "covert forms of protectionism which discriminate against American exports." In a talk last week to the National Foreign Trade Convention in Manhattan, Stans also promised U.S. exporters additional measures of practical aid. One would add some $750 million to the Export-Import Bank's funds. Exporters can now borrow only limited amounts at the bank's 6% interest rate, and must finance the rest of their sales with private loans at 9% or more. Many foreign competitors can borrow all they need from their governments at low rates-and save...
...President offered no proposals intended to help the import-troubled U.S. textile industry. The omission was tactical. U.S. and Japanese negotiators are dickering in Geneva over voluntary quotas for Japanese mills. The U.S. has made it plain to Tokyo that a protectionist-minded Congress might well adopt even harsher measures unless Japan agrees to limit its textile exports...