Word: barter
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Turkey last week U.S. buyers of the new tobacco crop found their hard-cash deals being squeezed by satellite countries. Americans buy at the official rate of 2.8 liras to the dollar. The Communists pay in barter deals at a rate of 14 to 15 liras to the dollar-covering the cost by boosting prices of their goods. Much of the Red-bought tobacco does not go to satellite citizens, but is eventually sold in the U.S. for dollars. Since U.S. companies have recently found a better, cheaper tobacco in Greece, they are not worried by Red competition in Turkey...
...money for local schools and roads. In Central Sumatra veteran Colonel Ahmad Husein followed their lead, took over the regional administration, soon was exporting rubber to Singapore. Tall, efficient Colonel Simbolon in North Sumatra and scholarly Colonel Barlian in South Sumatra also went into the business of army-managed barter and invested the profits in schools, roads, barracks. The operation was scrupulously honest. When Djakarta challenged Simbolon's operations, he produced bank records to show that he had not diverted a single rupiah...
...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...