Word: exporting
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Dates: during 1960-1969
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...seamless unity of faith and flesh creates an abyss between the 14th century and the 20th. Chau cer's people are not paralyzed by self-consciousness in the act of love. They possess none of modern man's neurasthenic haste to import trouble in paradise. They export...
What worries Washington is that value-added taxes are refunded on exports and imposed as special border taxes on U.S. products entering European countries. That tends to add 6% to 23% to the prices of U.S. goods above and beyond import duties. VAT is sanctioned by the 21-year-old General Agreement on Tariffs and Trade, to which the U.S. subscribes. Under GATT rules, the U.S. can neither match such export subsidies nor raise similar import barriers because it relies chiefly on other forms of taxation. Except for excise taxes on a few items-autos, alcohol and tobacco...
Although France adopted the value-added tax in 1954, the U.S. grew seriously concerned only after the entire Common Market decided to copy it. When Germany made the switch to VAT last year, one immediate effect was a 2% drop in the export price of steel, machinery and other goods. The Netherlands introduced VAT Jan. 1 with similar results. Denmark and Sweden have joined the rush; Norway, Belgium and Italy will do so next Jan. 1, and Britain is considering...
Inflationary Strains. The U.S. economy is indeed moving much too fast for its own good, and three Washington reports last week reflected the resulting strains. They showed the fastest price escalation since 1951, the lowest export surplus since the Depression and the highest interest rate on a Government security since the Civil War. The Labor Department reported that in December, consumer prices rose to a point 4.7% above the same month in 1967. That was the sharpest year-to-year increase since prices rose by 5.8% in the first winter of the Korean War. For 1968 as a whole...
...local crime rate has risen steeply, reports Saul, and "there's a great deal of dirty work, with shifting or substituting claim pegs." De Souza and his four sons now stand guard over their claims with shotguns. Tanzanian officials, who have been attempting to control the export of the gems, say that until three months ago no Tanzanite had left the country legally -a clear hint that many of the stones now in Europe or the U.S. were smuggled...