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...achieved, but at the cost of higher prices for both French and German customers. Germany's double-pricing system, which favored its own industries, was eliminated by raising the domestic price to the export rate. Similarly, the pegged domestic price of French coal was raised. But importers of Belgian coal, notably the Dutch, now pay less, and marginal Belgian mines, under Schuman pressure, are planning to modernize. As for coal supply, two mild winters have cut the need for U.S. imports from 18.2 million tons to a yearly rate of 4,000,000 tons, and have boosted coal stocks...

Author: /time Magazine | Title: BUSINESS ABROAD: Schumania's Year | 8/31/1953 | See Source »

...Iron Ore. France, which used to subsidize its own users with the low price of 850 francs a ton (while outsiders paid 1,380 francs and could get little of it), now charges one price (1,250 francs) to all. Result: production has gone up 10%, and Belgian steelmakers, for instance, can now get adequate supplies...

Author: /time Magazine | Title: BUSINESS ABROAD: Schumania's Year | 8/31/1953 | See Source »

...Chicago's Art Institute and Washington's National Gallery, where some 170 Dale paintings now fill nine rooms, hang in twelve others. Always a believer in noblesse oblige, Patroness Dale once discarded her town car because its roof left the chauffeur exposed, designed a $20,000 Belgian-made Minerva cabriolet with a sliding metal top that could be pulled over the driver's seat at the first sign of rain...

Author: /time Magazine | Title: Milestones, Aug. 17, 1953 | 8/17/1953 | See Source »

...France, killing up to 99% of the wild rabbits. Dead rabbits littered the roads. Sick rabbits with horribly swollen heads hopped feebly under the wheels of cars. Fields and woods along the Loire stank with decaying bodies. The epizootic showed no signs of slowing down; it was approaching the Belgian and Spanish frontiers and would probably spread through all of mainland Europe...

Author: /time Magazine | Title: Science: Pullulating Epizootic | 8/10/1953 | See Source »

...Near East, growing nationalism and lack of industrial development discourage much new U.S. investment, except in mining and oil. However, a few Near East countries, such as Turkey and Egypt, are taking a more enlightened attitude toward foreign capital. Rigid screening of new projects in British, French, Belgian and Portuguese dependencies in Africa prevents major participation of U.S. investors. As a result, almost two-thirds of the U.S.'s relatively small investment in Africa ($350 million) is in South Africa, where the investment climate is still favorable, and in Liberia. The Far East attracts little U.S. private capital: only...

Author: /time Magazine | Title: INVESTMENTS: Obstacle Course | 8/10/1953 | See Source »

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