Word: allowables
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Dates: during 1950-1959
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...vision, Prime Minister Harold Macmillan and Chancellor of the Exchequer Peter Thorneycroft last year proposed a plan for a wider Free Trade Area of 16 European nations-including the Common Market six-which would exchange manufactured goods free of tariff but keep national tariffs on agricultural products. This would allow Britain to continue giving imperial preference to agricultural imports from the Commonwealth, and enable her to escape an agonizing either/ or choice between the Commonwealth and Europe...
...amateurism, wants to go to Bulgaria next September because the International Olympic Committee is meeting there, and he is president of the committee. The State Department turned down his request for passport validation on the ground that the U.S. has no diplomatic relations with that satellite. No man to allow international politics to take precedence over the higher imperatives of sport, Brundage fired his ire to newsmen: "Just imagine the blow to U.S. Olympic prestige! Why, if the president of the International Committee is unable to attend an important meeting, the United States might as well drop...
...older Persian Gulf fields-now being developed by a consortium of British, Dutch, French and 14 U.S. oil firms. For exploration, the land will be divided into blocks of some 80,000 sq. kil., with an unspecified third of the area held in reserve for future exploitation. It will allow foreign companies either to share the costs of exploration and development with the state-owned National Iranian Oil Co., or go it alone; in either case NIOC will take at least half the profits. Among the areas opened up: the fabulous Qum oilfield in central Iran (TIME...
...also stressed the importance of programs to allow teachers to study communism at universities on leaves of absence before teaching it in their own schools...
Second, they have applied an economic boycott that is so efficient that Israel loses more from this cause than she gains from any single form of foreign aid. To supplement the boycott, the Egyptians have refused to allow Israeli ships to transit the Suez Canal...