Word: exporting
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Dates: during 1960-1969
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Much of Nixon's tough new trade policy bears the imprint of Commerce Secretary Maurice Stans, who calls it the first "fullscale attack" against "covert forms of protectionism which discriminate against American exports." In a talk last week to the National Foreign Trade Convention in Manhattan, Stans also promised U.S. exporters additional measures of practical aid. One would add some $750 million to the Export-Import Bank's funds. Exporters can now borrow only limited amounts at the bank's 6% interest rate, and must finance the rest of their sales with private loans...
...Smith, the Prime Minister of Rhodesia's all-white government, which rules a black majority, declared last week that his country was growing stronger despite the United Nations sanctions against it. Though U.N. member states are supposed to boycott Rhodesian exports, Smith claimed that many countries of the free world were quietly helping Rhodesia. On the fourth anniversary of the unilateral declaration of independence from Britain, Smith said that Rhodesia expects a 10% increase this year in its gross national product, "exceptional by any standard." But British Foreign Secretary Michael Stewart recently told the House of Commons that Rhodesia...
...loose from its old peg. Schiller called the new rate "the golden mean-courageous but not foolhardy." It was clearly a compromise. Schiller wanted a change large enough to anticipate a continuing higher inflation rate outside Germany, but German industrialists argued for a lower figure. By making German exports more expensive and foreign countries' exports more competitive, the change should reduce Germany's huge export surplus. That will help currencies like the French franc and the British pound, as well as the dollar. In London a Treasury official expressed satisfaction with the size of the revaluation saying...
...less than two years, five of the best-known U.S. passenger ships have been laid up indefinitely: American Export's Atlantic, Independence and Constitution and Moore-McCormack's Brasil and Argentina...
...combines converted for use in rice paddies. They also stocked shelves of books by Marx, Lenin and Engels but removed them after a government reminder that most are banned in Malaysia. "We're here to sell," said Dimitri V. Bekleshov, the gray-suited vice president of Vneshtorgreklama, the export agency's ad company. "Our tractors are better than the American Caterpillars." The advertising was also hardsell, and rich in unintended humor. Sample Aeroflot slogan: "And you've heard of Russian hospitality (some people never quite recover from...