Word: barter
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Dates: during 1950-1959
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...they were flying to a hostile country. In contrast to Djakarta, Colonel Simbolon's Padang was remarkably peaceful, secure, and spotlessly clean. It was also much healthier economically. Padang's cost-of-living index has risen 77 points in the last five years against 144 for Djakarta; bartering its rubber with Singapore produces an estimated $1,500,000 a month in profits. When Djakarta seized eight South Sumatran ships in an effort to halt the barter trade, the rebels quickly got them released by threatening to cut off Djakarta's oil supplies from Sumatra's refineries...
...open letter to Sukarno. Sjafruddin lashed out at Sukarno's concept of "guided democracy" (TIME, March 4), said scathingly: "Guided democracy is fascism. I have become aware that the present government under Your Excellency's leadership will eventually destroy the nation . . . Believe me, the government prohibition against barter trade will not be heeded. How can people be "forbidden to eat rice obtained from barter if rice from [the government stores] is not forthcoming...
With that, beribboned (two D.S.M.s, two D.S.C.s, a Silver Star) Slim Jim Gavin marched out of the hearing room, leaving behind, instead of a disturbing picture of an Army where high officials barter for stars, a picture of a passionate partisan who played the game and lost...
BURMA. A five-year agreement to barter rice for Soviet-bloc cement, signed in July 1955, has proved disillusioning. The cement, for which Burma had only limited use, arrived during the monsoon and hardened on the docks. The Soviets turned around and sold the rice for cash in other Asian countries, thereby depriving Burma of potential export markets. Under another 1955 agreement, Russia is to "give" Burma $28 million worth of building materials and technical help toward construction of a hospital, a technological institute, a hotel, a sports arena and an exhibition hall. The agreement requires Burma, as a token...
...they build must be state property, Russian negotiators are often more in tune with the vaguely socialist ideology of most Afro-Asians than are U.S. aid administrators in their attempts to promote free enterprise. Needing raw materials and food that the underdeveloped countries produce, the Russians can profitably make barter deals that the U.S. has no use for. Their apparent aim is to achieve a reputation for disinterestedness, their hope that eventually the underdeveloped countries will look to them for leadership and help. The economic bridgeheads, once established, can be expanded into an economic dependence that can eventually bind...