Word: exportable
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Dates: during 1950-1959
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Harris concludes by saying that as New England loses its export markets in the United States, it will have to pay for its indispensable imports by exporting more abroad...
American bounty had made up most of the deficit. Since 1948 the United Jewish Appeal has sent in $280 million; another $125 million came from Israeli bonds sold in the U.S. The U.S. Government contributed another $200 million in such forms as Export-Import Bank Loans, Point Four aid and Mutual Security Assistance. But now Congress, which had voted as much aid to tiny Israel in 1952 as to all the other Mid-East states combined, seemed disinclined to continue the pace. This week, as the U.S. Government, responding to an emergency plea from Tel Aviv, sped $11 million...
Former Democratic Boss James A. Farley, now chairman of the board of the Coca-Cola Export Corp., sailed from Manhattan to open a bottling plant in Cork, the first in the Irish Republic...
...split. Pakistan grows 75% of the world's raw jute, but it did not have a single jute mill to make burlap. India owned all the mills, and when the Korean war sent the price of burlap soaring, India tried to gouge burlap users by slapping a heavy export tax on the cloth. Result: imports into the U.S., the biggest burlap user, dropped 20% as businessmen shifted to substitutes for packaging...
...economic conference showed that the Russians and the Chinese may be feeling the pinch of the West's embargo. But it was also designed to drive a wedge between the U.S. and the free nations of Europe, who badly need to build up their export markets.*Stalin himself showed his best smiling face to the West (see BUSINESS). At week's end he had a long chat with India's departing Ambassador, Sir Sarvepalli Radharkrishnan, and convinced him that everybody should get together peacefully around a table...