Word: exporting
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Dates: during 1950-1959
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...State Department said the guard had stayed overnight at a beach house with a would-be defector from Red China, identified as the Bombay representative of the Chinese Import-Export Corp. Sgt. Robert Armstrong, a native of Martinez, Calif., was released after intervention by the Bombay police...
Buttons & Pearls. Pearlers have long known about Australia's big shells. Before World War II, Japanese divers worked the beds, and the export of pearl shells reached $1,000,000 annually. The war wrecked the industry. Though the Australian government tried promoting the shells, the diving is dangerous (five divers were killed in one null bed alone last year), and cheap plastic buttons have all but ruined the market for those of expensive (up to $2 for a set of six nickel-sized buttons) mother-of-pearl...
Three years ago, in the disorder that followed the Suez invasion fiasco, Great Britain was faced with such a run on the pound sterling that it asked for and got $500 million in credit from the U.S. Treasury through the Export-Import Bank. But confidence in the pound was restored so quickly that only $250 million of the money was actually borrowed-on ?300 million security posted by Britain, to be repaid at 4.5% in ten installments from 1960 to 1965. Last week, with Britain's economic rebound having turned into a full-fledged boom, and the first favorable...
...voice had hardly died out in the night when the nation rushed to do his bidding. From the Cabinet came a flurry of decrees setting up the military courts, suspending habeas corpus, ending the right of prisoners to appeal on grounds of unconstitutionality. The Cabinet slapped a 25% export tax on minerals, living up to Castro's boast at the rally that his mining law would "hurt the vested interests," e.g., Freeport Sulphur's Moa Bay nickel and cobalt mines. Mining companies, still studying the law, said that it was "pretty rough" and might wipe out profits completely...
ATOM POWER PLANT for Italy will be partially financed by $34 million Export-Import Bank credit. New facility, largest private industry nuclear plant in Europe (165,000 kw.), will be built by 1964 to serve northern Italy, at total cost of $64 million, using Westinghouse Electric Corp. nuclear equipment...