Word: dollarses
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Dates: during 1950-1959
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Kickback: 20%. The trouble can be traced to the days in 1955 when Communist armies of the Viet Minh hovered on Laos' borders after the French debacle at Dienbienphu. With the French withdrawing financial support, the urgent necessity was to keep the 25,000-man Laotian army in the...
Often enough the importer does not bother to import the radios-he has them intercepted in Bangkok and sold at still higher profits. Sometimes the radios really reach Laos (marked with the universally recognized symbol of clasped hands in front of a U.S. flag). But before Laos' primitive customs...
After surging up a powerful 23% in two years, Canada's gross national product is beginning to falter. G.N.P. for the second quarter of 1957 was just even with the first-quarter rate in dollars (but down a fraction in real terms), and government economists think third-quarter figures...
Some of Canada's key industries felt a painful squeeze. Automobile sales for the first eight months of the year were off 6%. Newsprint production declined in September and was expected to dip further in the final quarter; higher production costs had trimmed paper-company profits by 20% to...
Kennedy charged that the State Department was not putting sufficient emphasis on economic aid to the underdeveloped countries. He cited the fact that only ten per cent of $4 billion dollars spent abroad last year could be cited as "venture capital in economically backward areas."