Word: contractive
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Dates: during 1950-1959
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France's government-owned Renault Co., world's No. 6 automaker, last week canceled its contract with an Israeli firm to assemble its cars in Israel. Reason: fear of an Arab boycott. To the Israelis it was an old story, but a particularly galling example. Obviously De Gaulle's government had consented to the move, and Israelis thought they knew why: subordinating all else to an Algerian solution...
...Alfred Dreyfus, who 65 years ago this month was arrested in France on trumped-up charges of treason, in what became (with Emile Zola's help) the classic example of anti-Semitism in the French army of the day. Motormaker Dreyfus said that his stand on the Israeli contract was strictly business. In four years Renault has sold only 3,800 cars in Israel. "It is not possible for us to sell in the Arab countries and continue the assembly operation in Israel at the same time," he explained, "for reasons that we regret as much...
...soon as Renault made the decision to cancel its Israeli contract, the Arab League struck its name off the blacklist, and the company was free to go ahead with a reported deal to sell Nasser 4,000 cars...
...never explains business affairs to the family," Mabe recalls, "but I knew something terrible had happened. My father was bankrupt and humiliated." His father tried first being a barber, then finally decided to move to Brazil. The family made the 50-day trip in steerage, and father became a contract laborer on a Sao Paulo coffee plantation...
Meanwhile, in Pittsburgh, negotiators in the steel strike can't even agree on the value of a wage package proposal, let alone get together on the amount of new money a contract should provide for the workers...