Word: exportable
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Dates: during 1950-1959
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...armistice of September 1944, Russia handed vanquished Finland the stiffest reparations bill in recorded history, about 11% of her national income for eight years. The bill was carefully itemized. One-third was to be paid in the woodworking products which made up 80% of Finland's export earnings. Another third was to be paid in ships and cables, for which Finland would have to build new yards and import vast quantities of raw materials. The remaining third was to be paid in the products of heavy industry, for which Finland possessed neither the plants nor the material...
...become accustomed to dubbed-in Italian in U.S. films. Ironically, Hollywood is paying for the dubbing. Last year, in return for releasing half of Hollywood's frozen lire, Italy persuaded U.S. film makers to kick back 25% of the thawed money to finance a new agency, Italian Films Export (I.F.E.), which has received $1,200,000, is using it to finance the U.S. invasion...
Sunny Side. In its bid for the U.S. market, the maturing Italian industry is now trying to prove that it can develop something more than sex and social realism. With its U.S. dollars, Italian Films Export is staging a Hollywood-like "Italian Film Festival" in Manhattan in October, which will offer a different production every night for seven nights. They include Gogol's satiric The Overcoat; De Sica's tragic Umberto D.; the comic Little World of Don Camilla, a story of rivalry between a priest and a Communist leader; and a love story, Two Cents Worth...
...comebacks under the guidance of I. G. Farben oldtimers, many of whom were once staunch Nazis. Typical is the Bayer company, biggest of the group, which suffered $40 million in war damages, emerged from the war with run-down and obsolescent equipment. Like other Farben units, Bayer lost its export markets, which once accounted for about 50% of its sales, when Farben's central sales agency was abolished by the allies. Now the war damage has been repaired, new machinery added, and export business boosted to 34% of gross. In the last two years, Bayer sales have jumped...
Masakatsu Hamamoto, who describes himself as "the only Oriental in my class," traveled farthest to be at the reunion, coming from Tokyo, Japan. He is combining the trip with business, for the import and export firm of J. Osawa and Co., Ltd. of Tokyo and Kyoto. Asked how he was enjoying the mob meeting, he answered that he was enjoying it, but "it takes a while to go back 25 years; to put myself back that far. When I do, though, my classmates look pretty much the same as over to me--happy, confident, and yet serious when needs...