Word: exporting
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Dates: during 1950-1959
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...five, and the percentage of their export income earned by coffee: Brazil 65%, Colombia 84%, Mexico 16%, El Salvador 88%, Guatemala...
...counterattack the Soviet trade offensive? Seeking a strategy, President Eisenhower last year picked a blue-chip team of U.S. capitalists, headed by President Harold Boeschenstein of Owens-Corning Fiberglas Corp.* Last week the committee reported that the real cold-war economic challenge is to stimulate the export of more U.S. products, capital and know-how to all nations. It suggested a step-up in U.S. nonstrategic trade with the Soviet bloc, arguing that "if additional consumption of consumer goods could be stimulated, the result might be to produce pressures within the bloc, tending to divert resources from war potential...
...Salvador could use some capital infusion. The Massachusetts-sized country on the Pacific Coast of Central America still derives 60% of its export income from big coffee plantations owned mostly by a handful of rich old families. The farm wage has not yet topped 60? a day for the illiterate Indian masses, who are trucked to the polls every six years to vote their approval of the planters' latest officer-candidate for President. The head count of 2,400,000 citizens ranks El Salvador as the most crowded nation on the American continents, and population, despite an infant mortality...
...becoming as cheap and popular in England as in the U.S. Thus the new methods of mechanization and automation developed by the U.S. farmer can show the world how to solve the food shortages brought on by the explosion in population. In the next decade, the most important U.S. export may well be the lessons that Farmer North and others learned down on the farm...
...Josephine Bay, 58, largest stockholder in American Export Lines and chief of its executive committee, was named chairman of the board, succeeding Joseph A. Thomas, 52, who resigned. Widow of Financier-Diplomat Charles Ulrick Bay, Josephine Bay took over the business affairs of her husband after his death in 1955, became the first woman to reach a top Wall Street post when she became president and chairman of A. M. Kidder & Co., Inc. Now married to Oilman C. Michael Paul, who succeeds her as executive committee chief, she is the first woman to hold a major post in the shipping...