Word: blocs
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Dates: during 1950-1959
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...some $280 million, a figure which would be quickly liquidated by shipments of rubber and expensive machinery. Even Singapore's and Hong Kong's China traders look for no swift bonanza. In recent years, China has oriented its trade, like its politics, almost exclusively toward the Soviet bloc, is not likely to shift in a hurry. Wrote Singapore's Straits Times, with only a modest cheer: "No doubt there is a tremendous potential market in China, but it is a long...
...Indian Parliament, Nehru called on both sides to adopt a ceasefire. After that, he suggested, the French government should recognize "the national entity and personality of Algeria ... on the basis of freedom," and enter into direct negotiations with the rebels. Since Nehru has considerable influence in the Arab-Asian bloc, Frenchmen noted gratefully that he had refrained from backing the rebels' demand for "independence," and had further urged "recognition that Algeria is the homeland of all the people in Algeria, irrespective of race," i.e., of one million Frenchmen as well as eight million Moslems. Nehru's proposal...
...Italy, where Communism is big business, Reale held the key position of party administrator. As such he sat on a three-man committee, supervising the flock of import-export firms which the party has set up or taken over to handle Soviet-bloc trade in Italy. Italian businessmen rapidly found out that the only sure way of doing business east of the Iron Curtain was to let these Red companies handle their trade. By last year, U.S. experts estimate, the firms handled more than half of Italy's $123 million East-West trade...
Action at Last. D'Allessandri's little black book showed that in eight months of 1953, Terbita shipped thousands of tons of such strategic commodities as vanadium, cobalt, nickel, copper and molybdenum (listed as Portuguese cork) to Soviet-bloc countries. The record showed that Terbita paid $3,000,000 in profits to the Italian Communist Party. Police also have record that another $1,000,000, transferred from Poland to Terbita's account, never reached the party chest, and Lawyer Greuter said that the Italian Communist Party should ask Reale about that...
...free officers' group, Abu Nuwar is an anti-Communist who believes in "using" Moscow both economically and diplomatically. But his first public statement in his new job was a wish to maintain close ties with Britain and to refuse Egypt's offers to join the Arab neutralist bloc. Much as the mili tants among the refugees want to make common cause with Nasser, young King Hussein the Hashemite seems eager to keep his country out of Nasser's embrace...