Word: exportable
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Dates: during 1950-1959
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South Africa's Premier Strydom is not ashamed of his country's racial behavior (see box); in fact, he would like to export his policies to the rest of Africa. Last week, the Prime Minister of South Africa's immediate neighbor to the north, Britain's big new Central African Federation (composed of Northern and Southern Rhodesia and Nyasaland), made it clear where he stood...
...troubles is inflation-the result of overspending by both the people and the government, which is pushing a huge Tory investment program in roads, railroads and atomic power, while maintaining the expensive Socialist benefits of the Welfare State. Many British products are being priced out of the export market: German Volkswagen are pushing British light cars off U.S. and Swedish roads; Indian and Japanese textiles are flooding former British markets, not only throughout Asia, but in Lancashire itself...
Great Britain, relatively poor in conventional fuel and in dollars, showed surprising activity in the fields of atomic power and the manufacture of atomic devices and equipment, both for internal use and export. The British reported that they already produce nuclear power at a cost of 7 mills per kwh, which is expensive, but no more so than Britain's present conventional power supply. British scientists said Britain plans to get 40% of its electricity from atomic reactors by 1975, possibly will freeze design at its present primitive stage in order to get reactors into production...
...Commerce Dept. charged that Arbuckle, Smith had shipped the chemicals to Red China, where they would bring $100,000, or almost double their U.S. price. The Bureau of Foreign Commerce asked Arbuckle, Smith why it had made the transshipment without asking U.S. permission, thus violating the U.S. Export Control...
...Pierson has been an effective advocate of lower tariffs and reciprocal trade as head of the ICC's United States Council. He was a World War I artillery lieutenant in France, graduated from Harvard Law School in 1922, served the Government as RFC counsel (1933)) president of the Export-Import Bank (1936-44), and U.S. delegate to the 1951-52 conference on Germany's $6 billion foreign debt. As 17th (and fifth American) president of the ICC, Internationalist Pierson will push for economic integration of Western Europe...