Word: deal
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Dates: during 1950-1959
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...strongman of the Nile, needing written help to withstand the Communists in the Middle East, got set to make an economic settlement with the British. The U.S. has already agreed to sell him 200,000 tons of surplus wheat, and the French have signed a $5,000,000 barter deal with him. The British-Egyptian compromise was worked out by World Bank President Eugene Black, the discreet and yam-voiced international civil servant from Georgia who also helped the Suez Canal Co. settle with Nasser last spring...
Open Doubts. As a result, the commission managed to make plans that in the long run could make the Europeans' life in Africa a good deal simpler. It called for a conference of statisticians to make the first comprehensive survey of the needs of Africa as a whole. It made plans for a study of resources and power, for a board of experts to act as permanent economic advisers, for a training program for Africans, and for ways to attract capital, promote trade, and improve transportation on a continent-wide basis...
...time I've been here I have tried to do things that were correct, and to be correct you can only deal with the government to which you are accredited," said Earl Edward Tailer Smith, the stockbroker and former member of the Republican National Finance Committee (for Florida) who became U.S. Ambassador to Cuba in 1957. Being correct meant keeping in contact with Batista, and that, to the new rebel government, constituted support for Batista. Last week, after the U.S. became the twelfth country to recognize the new Cuban government, Ambassador Smith, 55, cleared the way for cordial relations...
...Following a governmental upheaval as explosive as that which has just occurred in Cuba," Smith wrote to President Dwight Eisenhower, "I sincerely believe it is in the best interests of the United States to change its ambassadors." To newsmen he added: "I have been thinking about it a great deal and I just figure the new government deserves a right start." Answered Eisenhower: "We all earnestly hope, as you do, that the people of that friendly country, so close to us in geography and sentiment, will through freedom find peace, stability and progress...
After blowing hot and cold for months over a barter deal with Russia-Brazilian cocoa for Russian oil-Brazil decided last week to say no. The backout was a victory for anti-Red advisers of President Juscelino Kubitschek, led by Foreign Minister Francisco Negrão de Lima...