Word: europeanization
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Dates: during 1950-1959
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...eight years-fearing that it would become just one more platform for anticolonialist tirades-European colonial powers had opposed setting up a U.N. commission for Africa like those already in existence for Asia, Europe and Latin America. Not until last spring, and after U.S. prompting, did the U.N. finally establish the E.G.A. headquarters in Ethiopia, oldest independent nation on the continent. Membership: six European nations, nine independent African countries, and associates from colonial and trust territories. In a continent with a bewildering array of problems and a disheartening lack of experience, the commission hopes to help raise living standards...
...Gaulle, proposed a resolution asking for special consideration from the U.N. in view of its "desertion" by France, the French merely stared ahead in silence, did not even bother to vote against the resolution. Africa's independent nations were clearly in the saddle, and the representatives of the European powers were resigned to the fact...
VERTICAL-TAKE-OFF planes, which rise and land with rotors but cruise with propellers, are expected to go into service in Europe by 1962. British European Airways intends to buy six VTOLs from Britain's Fairey Aviation Co., fly them to Paris, Brussels, Amsterdam...
...assuring Alcoa that Treasury approval was routine. The worst of it was that once Alcoa had signed the $8.40 agreement, it could not go into the market and offer more without making the $8.40 look bad. To top off Alcoa's unhappiness, its chief competitor had a major European affiliate; Alcoa had none...
...look for escapes." Thus spoke West Germany's Alfried Krupp (TIME Cover, Aug. 19, 1957) of his pledge to the Allies to sell the coal and steel companies in his industrial empire. Last week, instead of selling, Alfried Krupp got permission from the High Authority of the European Coal and Steel Community to buy another steelmaker. The firm: Bochumer Verein, Germany's biggest producer of special steel. The purchase would give Krupp the biggest steelmaking capacity (4,000,000 tons) in Europe...