Word: export
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Dates: during 1970-1979
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...unskilled, nonunionized workers are not at all comparable to the cradle-to-grave cosseting of the European worker. Mueller, who raises a few cattle on the side, has found the economics of building textile machinery in the Bible Belt so favorable that he has been able to develop an export business. One of his customers: the Soviet Union...
...west, allowing all things unattached to roll to the Golden State on the Pacific, it has by now regained its equilibrium. California has clearly lost the magic it once had, but it is not ready to concede that magic to any inheritors. Despite the state's export of so much of its culture and mores to the rest of the country, it may just be that the of California does not travel well...
...open a Swiss account without revealing their true identity. Anonymous banking, when it was allowed, was a powerful attraction for corrupt dictators and Mafiosi, among others, seeking to hide their funds. Under the new rules, Swiss bankers are barred from providing active assistance to customers who evade taxes or export capital illegally from foreign countries. The code also forbids bankers to accept funds that they have reason to believe were acquired by acts punishable under Swiss law, such as fraud and trafficking in narcotics. However, the code does not require the banks to investigate the background of every customer...
...Export Disadvantage. Increasingly, there are indications that among the Swiss public banking is no longer quite the hallowed institution it once was. Manufacturers feel that the flow of funds into Switzerland has overvalued the Swiss franc and thus put Swiss textiles, watches and machinery at a disadvantage in export markets. Says Swiss Accountant Max Fluri: "Our banking sector has grown taller than the Swiss Confederation. For some time, it has been bringing the country more harm than good...
...populated by roughly 220,000 people, mostly impoverished nomads whose average cash income is less than $50 a year. Djibouti comes to independence, after 115 years of French rule, with only three college graduates, no industry other than a pair of soft-drink plants, no agriculture whatever and an export trade restricted to hides and skins (goats outnumber people by better than 2 to 1). "If it were anywhere else," says an Arab diplomat in Djibouti town (pop. 140,000), "nobody would care about this godforsaken place. But because it is where it is, Djibouti matters to many, from neighbors...