Word: europeanization
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Dates: during 1950-1959
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...London Sunday Times, 62-year-old Sir Ivone Kirkpatrick, veteran (37 years) career diplomat and sometime (1953-57) Permanent Under Secretary at the Foreign Office, began publication of excerpts from his forthcoming book, The Inner Circle. The first: an eyewitness account of the momentous meeting of the European powers at Munich in September 1938. Kirkpatrick was then first secretary of the British embassy in Berlin, and delegated to help Prime Minister Neville Chamberlain deal with Hitler...
Modern Politics. To capture the secret, cargo cults usually contain some ritual imitation of European customs which may hold the clue to the white man's magic. Sometimes believers dress in European clothes and sit around tables with bottles of flowers on them, sometimes they pretend to write on pieces of paper. Many of the cults seek to bring on the new by destroying the old; they deliberately violate the ancient taboos of their people, kill their livestock, stop cultivating their fields. "Sometimes they spend days sitting gazing at the horizon for a glimpse of the long-awaited ship...
Swiss bankers publicly condemn such tipsters. Privately, the bankers contribute to the profitable buying fever. They commonly margin buyers at 30% to 40% or even less (the rigid U.S. margin rate: 90%). Their standard excuse for such easy terms is that all but a few listed European companies are so solidly rooted that a bust is unthinkable...
Popular Sport. Most European stocks do look so attractive that throughout the Continent brokerage houses are becoming as popular as coffee houses. In France, where the De Gaulle government recently liberalized imports and devalued the franc to the free-market rate, the general stock index has jumped 24% in 1959. In West
...Some European brokers grumble that the invasion of Yankee shareholders is pushing prices dangerously high. A few major Swiss manufacturers, notably Nestle and Aluminium Industrie A.G.. have attempted to stem the foreign tide by registering their shares so that the company can accept or reject bids to buy. But the broad majority of European capitalists heartily hold out hands in welcome to the U.S. investor. "The more investment the better," says a top Zurich financier. "We in the West are politically and economically in the same boat. The closer we are connected, the stronger we shall...