Word: buying
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Dates: during 1960-1969
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Russia's East European satellites, also adjusting to an economic slowdown, are increasingly asserting their own national identities and seeking warmer relations with the West. Soviet Russia, after all the years of proud self-sufficiency, now faces the humiliation of having to buy its food from the capitalist rival. Moscow's hopeful plan is to spend up to $10 billion for Western chemical plants in the next few years...
...decided after that to gamble with undeniably authentic contemporaries. Nowadays, says Scull, "I spend Sundays prowling studios, the upper stories of fish wholesale buildings, the back alleys of Brooklyn tenements. I don't presume to know a great work of art from a so-so effort. I simply buy what I feel I want to own, and I live with these things. I just love them...
...Typist. Bush, for example, is forced to teach medical students with equipment that is 20 to 40 years out of date. He could have received a grant to buy a new electron microscope, he said, but he could not get the money to remodel a room with soundproofing and wiring for the delicate instrument. Lesser irritations are also common. Owing to a shortage of secretaries and typewriters, Bush often had to type his own letters...
Quick to Cut. J. & L. has been quick to cut back production of low-profit types of steel and concentrate on such items as the sheet steel that prosperous automakers and appliance manufacturers buy in large quantities. It is also diversifying into the lucrative stainless-steel market, is just completing a mill in Louisville, Ohio, that will step up its stainless output by a third...
...price-regulating International Coffee Agreement that was created by the U.N. in 1962, they now want the U.N. members to sign another pact putting floors under most other fluctuating commodity prices. They also aim to pressure the Communist countries, which now take scarcely 5% of their exports, to buy more. And they want the industrial powers not only to lower their barriers against imports of manufactured goods from the backward nations, but also to give them preferential tariff treatment and to subsidize their state-planned programs for industrialization-without getting anything in return...