Word: eastern
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Dates: during 1950-1959
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With these words Edwin O. Reischauer, professor of Far Eastern Languages, summed up his past year's tour of the East with his family. Returning to the University after a year's leave of absence, Reischauer had his main base of operations in Japan, but he took a side trip to Korea for a few weeks and another one to Hong Kong and Formosa...
Moreover, the Japanese do not seem eager to assume any sort of leadership in the Far Eastern sphere. They have not yet recovered their self-confidence, Reischauer says, and they tend to leave the problems for others to solve. They tend to talk, he said, in terms of huge, outside forces--the U. S. and Russia, for example--over which they have no control...
Consumer Lag. Whatever the progress in the East, the consumer was slow to benefit. In Eastern countries goods are still short, and the average worker must spend all or most of his wages just to feed himself, his wife and two children. ECE calculated that a monthly breadbasket, including just 4 Ibs. of meat. 3.3 Ibs. of butter and lard and 9 eggs per person, would cost 110% of the average worker's income in Rumania, 105% in Bulgaria, 95% in Poland, 93% in Hungary, 88% in the U.S.S.R., 77% in Czechoslovakia, 72% in East Germany. Concluded...
...bull session recently three longtime friends and railroaders-Delaware, Lackawanna & Western President Perry M. Shoemaker, Erie President Paul W. Johnston, and Delaware & Hudson President William White-sat down to chew over some common problems. All three run middle-sized, prosperous Eastern roads, but all face one long-range problem: how to compete effectively against both their own industry's giants and the growing inroads made by trucks and airlines. Last week the bull session grew into something more solid. The roads were talking merger, as equal partners in a single big line that would become the eighth biggest...
Thus far each of the roads has been able to go it alone. The Erie, biggest of the three (2,338 miles), picked up enough revenue carting freight between the Great Lakes and the Eastern industrial area to turn a $7,900,000 profit last year, expects a 10% boost this year. The small (792 miles) D. & H. is also in good shape; through the Delaware & Hudson holding company it picked up 34% of its traffic, mostly from its own coal mines, netted $8,900,000 last year on a gross of $76.9 million. Only the 962-mile Lackawanna...