Word: east-west
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Romanoff and Juliet, by Peter Ustinov, is a sort of nonmusical East-West Side Story-the lovers being kept apart by the cold war. Walter Slezak will bring them together. Nyack, N.Y.; Fayetteville, N.Y.; Miami (two weeks...
Founded there in 1919, the Narodny Bank was only another agency to finance East-West trade until it began to go capitalist and expanded into a full-fledged merchant bank in the late 1950s under the prodding of a new chairman, personable and professional A. I. Doubonossov, 63, who wears a Homburg. Narodny's prudent bankers handle the extremely sensitive job of selling Soviet gold on the London market, trade actively in foreign currencies, and make short-term loans to British corporations and cities. With a capitalist eye for profit, they even hold $3.9 million in British Treasury certificates...
Narodny's prime function is still to grease East-West trade, which last year expanded 10% to $19 billion. When a British or other non-Communist company makes a sale to a Soviet-bloc customer, Narodny will pay the exporter at once, saving him the usual three-to six-month wait before collecting. For Narodny's services, the exporter pays a commission of 3% to 4% of the bill, so that the Soviets benefit doubly from the transaction...
...quietly in London's fashionable Chelsea section with his wife and young son when he was not on the road selling electrical machinery in Russia and Eastern Europe. Slender Oleg Penkovsky, 44, was a much-decorated Russian war hero who recently had held the delicate job of arranging East-West scientific exchanges for a Soviet state committee. But last week the incongruous pair went on trial for espionage before a military panel of three Soviet Supreme Court generals. While klieg lights glared and some 300 perspiring spectators sat on the edge of their seats for five days, the most...
Fulbright discussed East-West relations not only in terms of maintaining the borders as they now stand, but also with respect to the questions that might be raised by a shift favoring the West in the balance of power...