Word: evens
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Dates: during 1950-1959
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...Even in 1958, when U.S. output had slumped, the U.S. produced 77.2 million metric tons of steel to Russia's 55.2 million; 4,258,000 autos to Russia's 122,400; 724 million kw-h of electricity to Russia's 233 million kwh; 331 million metric tons of crude oil to Russia's 113 million tons...
...Fund. Henceforth, in granting aid to foreign countries, announced Brand, the fund will "place primary emphasis on the financing of goods and services of U.S. origin." From now on, in other words, the Development Loan Fund is going to demand that its aid dollars be spent in the U.S., even if the same products are available more cheaply elsewhere...
...still holds nearly $20 billion in gold, half the world's supply, and an important part of the U.S. capital outflow is private investment overseas that will pay off in years to come. If it was not for foreign aid-$5.5 billion last year-the U.S. would even have $1 billion balance of payments surplus. But the swing in the international terms of trade does mean that in defense of its long-range economic strength, the U.S. has had to take a new attitude toward Europe...
...point where Washington feels most strongly that it is time for a change is in the field of foreign aid. With the original postwar objective of setting Europe back on its feet handsomely achieved, the bulk of U.S. aid already goes to underdeveloped nations; in the future even more of it will have to do so. And, add U.S. officials grimly, it had better not find its way back to European pockets quite so often as has been the case in the past. (An example that still gravels Washington: in recent years the West German government has underwritten some...
Picking years chosen to fit their point, Moscow's statistical wizards even "prove" that between 1952 and 1958 (a U.S. recession year), Russia registered steady increases in production of pig iron, steel, coal and cotton textiles, while the U.S. lost ground; absolute production figures, which show the U.S. far ahead in every important industrial and mining product except coal and iron ore, are discreetly left in the background or totally ignored.* But in the last fortnight, as he meandered through Siberia on his way home to Moscow from Peking, Khrushchev could not avoid seeing for himself that his country...