Word: foreign
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Dates: during 1950-1959
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...Streeters' campaign brought a wave of "suitcase companies"-actually subsidiaries of foreign corporations but legally independent. Through a suitcase company, for example, a U.S. steel company subsidiary buys ore in Venezuela, ships it in chartered vessels to Europe. The profits returned to the Bahamian company are not taxed, can be used for expansion outside the U.S. or "borrowed" by the U.S. parent company...
Private Lives. But the Bahamas are a personal haven for the rich as well as a corporate haven for foreign companies. Clint Murchison Jr. soaks up the sun on a private island hideaway at Spanish Cay (rhymes with fee). Standard Oil Heiress Marion Carstairs and her half brother Francis Francis bought adjoining Whale Cay and Bird Cay. Longtime Alcoa Board Chairman Arthur Vining Davis built expensive Rock Sound Club, a public hotel, on Eleuthera. While he was at it, Davis put up the truly private Cotton Bay Golf Club (among the members: Laurance Rockefeller, General Nathan Twining), complete with Robert...
...Fidel Castro that the U.S. will see is still an idol to Cuba's masses, but he has lost favor with much of the middle class that financed his way to power, and he has disillusioned many foreign spectators who cheered his rebellion against dictatorship. In his first 100 days he has seemed to savor power more and more while exhibiting the views and comprehensions of a college radical...
Married. Crown Prince Akihito of Japan, 25; and Michiko Shoda, 24; in Tokyo (see FOREIGN NEWS...
...much more about the appointment of Christian Herter as Secretary of State than that it will be good to have a full-time, full-powered Secretary again. Much as one may sympathize with Mr. Dulles' personal misfortune, his decision to resign was a welcome one. For a foreign ministry--especially one so dependent on a single man as the State Department was under Dulles--cannot go on for long without a responsible leader. The lower echelons of State, whose policy-making role has been so limited in recent years, are unprepared to carry on with just an Under-Secretary...