Word: expropriationism
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FOREIGN INVESTMENT guarantees, by which Government insures private U.S. investments abroad against expropriation or war (TIME, July 28), are due for big expansion. Administration will ask to boost maximum Government coverage from $500 million to $1 billion; Congress is favorably disposed because program, instead of losing money, actually has put...
Cactus-grey Cananea Ranch escaped land reform until last week because it is unlit for farming; arid most of the year, it is used for grazing at the ratio of ten acres per head of cattle. Reformer Cárdenas himself said it should never be divided, and even President...
THE Middle East crisis and its threat to U.S. interests gave urgent importance to a vital but little known-and less used-safeguard for American companies abroad. The safeguard: a program under which the U.S. Government insures overseas investment against the classic risks of expropriation, blocked profits and war.
After 10 lean years, the program is finally beginning to put on some steam. Applications for insurance climbed from 46 in 1956 to 62 last year, are on the rise now. More important, new applications are coming in for underdeveloped nations once considered too unstable. In Jordan, Oilman Ed Pauley...
Austerity in Government. "The national treasury is empty," warned Frondizi, adding that the trade deficit is so huge that even vital imported supplies (e.g., petroleum) might be cut off by year's end. He promised administrative austerity, but said the broader solution for the nation was "encouraging productive private...