Word: impactions
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...calls for moderation, none was more remarkable than that issued by the 2,500-member Mississippi Economic Council, the state's foremost businessmen's organization. The council issued a statement urging Mississippians to accept and "adjust to the impact" of the new civil rights law. That law, it said, "cannot be ignored and should not be unlawfully defied." The statement demanded that "registration and voting laws should be fairly and impartially administered...
...TOURISM. The biggest public impact will be caused by Johnson's proposal to cut the amount of duty-free goods that U.S. tourists may bring home from $100 at wholesale value to $50 at retail value. Whisky, rugs, custom-made suits and other goods, which can now be shipped home as part of a tourist's duty-free allotment, henceforth will be taxed regardless of whether the tourist has spent his allotment. Projected dollar savings: about $100 million a year...
...INTEREST RATES. The strongest business impact will come as a result of Johnson's order that banks and other lenders will have to pay a tax of 1% to 2.75% on their long-term loans to foreign borrowers. This order will be backed up by the Government pressure on bankers to reduce their short-term foreign loans. Expected savings: more than $1 billion a year...
Coffee Loss. The strike's impact was also felt abroad. Puerto Rico suffered a $150 million trade loss, and Colombia and Brazil lost coffee exports. Reduced shipments of food to India complicated that country's battle with starvation. Volkswagen dealers began to run out of stock in Chicago, Philadelphia and Atlanta, and Volvo's sales to dealers fell 44% in January...
...withstanding objects traveling up to 24 m.p.h., v. 13 m.p.h. for standard auto glass. G.M. now installs on request a device that automatically limits speed to a desired level. The auto companies are also working on passenger harnesses, padded dashboards and a steering wheel that collapses upon the impact of collision. Sears, Roebuck is even selling his-and-her safety helmets...