Word: exportable
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Dates: during 1950-1959
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...week tried the 24-year-old ringleader of the rioters who set fire to Alexandria's textile mills (TIME, Aug. 25), found him guilty of treason. Sentence: death by hanging. Britain, apparently convinced that Naguib had come to stay, 1) lifted its 10-month-old embargo on the export of military equipment to Egypt, 2) invited Egyptian cadets to train in British military academies...
...uniform, Albuquerque did even better. He had a four-room suite of offices in Rio, and branches in three other cities; he bought a newspaper, formed an export-import firm, owned a fleet of 66 taxicabs and four taxi planes, launched a trucking business and bought a partnership in an established car-selling agency. Hourly his 22 messengers dashed out to pay off felipetas. Albuquerque declared that his greatest desire was "to put a copy of the New Testament in the hand and heart of every Brazilian...
...Leaning partly on security, the P.M. said in essence that the government's stretchout of the original three-year defense program would amount to a cut of between a quarter and a third in original goals. Many of the armaments now scheduled would still be made, but for export to overseas customers rather than for Britain's own defense buildup. "Armaments," he explained, "are, in these uneasy days, bestsellers...
...food-freezing and road-construction companies. Famed Berlin Restaurant Proprietor Otto Horcher, who once served Göring and Goebbels, now has his own restaurant in Madrid; his food ranks with the best in Europe. SS Colonel Eugen Dollmann, Himmler's onetime personal representative, is opening an import-export business in San Sebastian. Former Gestapo Officer Ernst Hammes has a de luxe gift shop in Madrid's fashionable Serrano district. Scarfaced SS Colonel Otto Skorzeny, daredevil paratrooper who snatched Mussolini from his mountain prison in 1943, and dressed his killers in U.S. uniforms during the Bulge breakthrough...
Danger of a Gallop. But this year Australia ran into economic trouble. Overseas trade, which in 1950-51 brought her a foreign credit balance of $533 million, in 1951-52 produced a deficit of $846 million. Receipts for wool, her chief export, were down 50%. As a result, imports were reduced to vanishing point. With retail prices up 100% since 1945 and the basic wage (upon which union wage scales are computed) almost trebled, there was danger of a galloping inflation. To counter it, able Prime Minister Robert Gordon Menzies acted boldly. He slapped a special 10% tax on incomes...