Word: importance
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Dates: during 1970-1979
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...drop opened frightening prospects. As Blumenthal stated on TV last week, an endless fall in the dollar's value would destroy any chance that Stage II could succeed; the rise in import prices would overwhelm the most valiant struggles that companies and unions
From your story "Lots of Smiles but Few Sales" [Oct. 16], it appears that the generous-but naive-foster parents have nurtured in Japan an avaricious monster. Perhaps it is time for manufacturers, labor unions and the "taxpayer revolt" to demand equivalent protective tariffs, import-license red tape, quotas, etc., for such a shrewd economic predator, who prospers hugely at our inflationary expense...
That flicker of a grin, so often at odds with the import of his words, had disappeared. That Southern lilt, so often muffling the ends of sentences, was almost gone. As President Carter appeared on prime-time television last week to proclaim and explain the long-awaited Stage II of his campaign to slow the inflation that has reached an annual rate of 10%, his manner and delivery befitted the solemnity of his subject. Seated at his Oval Office desk and reading from a prompter, the President vowed to try "to arouse our nation to join me" in the long...
...Democratic coalition, and practically everybody else as well. He gave in to-or actively encouraged -increases in the minimum wage, Social Security benefits, veterans' benefits, farm subsidies, civil service pensions, grants to states and a plethora of other payouts. He acceded to tariff increases or stricter import limits on sugar and steel, TV sets, CB radios and other products, thus sheltering domestic producers from competition and enabling them to get theirs-by raising prices...
Many Japanese businessmen are enthusiastic about what they see as a potentially profitable opportunity to link Japan's export-oriented economy to a China in desperate need to acquire modern technology and expertise. Still, the Japanese business community wonders how the Chinese will pay for their gigantic import program. Since the early 1970s, China has been making most of its major purchases from Japan on credit. Because Peking has inadequate foreign-currency reserves, the Japanese must either grant loans or buy Chinese oil. Both solutions present pitfalls for Japan. Peking has hinted it wants the type of cheap loans, repayable...