Word: barter
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Dates: during 1950-1959
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...strongman of the Nile, needing written help to withstand the Communists in the Middle East, got set to make an economic settlement with the British. The U.S. has already agreed to sell him 200,000 tons of surplus wheat, and the French have signed a $5,000,000 barter deal with him. The British-Egyptian compromise was worked out by World Bank President Eugene Black, the discreet and yam-voiced international civil servant from Georgia who also helped the Suez Canal Co. settle with Nasser last spring...
After blowing hot and cold for months over a barter deal with Russia-Brazilian cocoa for Russian oil-Brazil decided last week to say no. The backout was a victory for anti-Red advisers of President Juscelino Kubitschek, led by Foreign Minister Francisco Negrão de Lima...
...Leaves the barter economy and enters the money economy...
...beggars, though forbidden by law, swarm the streets. The dong has sunk so low-7,000 to the dollar-that it may well be the worst currency in the world. Even sister Communist countries refuse to accept it, and North Viet Nam's trade with them is through barter. Last week at long last, Minister Le, the Red who could write his budgets only in red ink, got the sack...
...Form of Legitimacy. In all this dazzling bewilderment of arguments, Khrushchev was obviously laying the groundwork for a new barter on Germany. He was not interested in reunification with free elections, which has long been Adenauer's and the West's position. He knows that his half has no moral authority, as shown by the number of refugees-2.000 a week-who flee to West Germany's prosperity and freedom. But he also knows the longing of all Germans for a closer community. His apparent strategy: using Berlin as his lever, to conclude a Big Four peace...