Word: foreign
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Dates: during 1950-1959
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...recently published study advised students to concentrate on one foreign language for four years, rather than several languages for a shorter period. McCabe "agreed 100 per cent" with Conant's language study recommendations...
...EXPORTS will rise from last year's estimated $16.2 billion to more than $17 billion, while imports will go from $12.9 billion to $13.8 billion in 1959, predicts National Foreign Trade Council. One big reason for export gain: convertibility of Europe's currencies...
...must accept B.L.H.'s lowest domestic bid of $1,757,210 for two hydraulic turbines for the Greers Ferry Dam in Arkansas, chuck out the much lower bid of $1,450,700 by Britain's English Electric Co.. Ltd. Hearing the news, the British Foreign Office loudly protested, complained that it had obviously been "a waste of time" for English Electric to bid on the job in the first place. The British press joined in with an attack on U.S. trade policies...
...White House, arguing that B.L.H. should get the award because Philadelphia was then an area of "substantial unemployment." But under a 1954 Executive Order by President Eisenhower, even substantial unemployment is not a valid argument if a domestic company's bid is 12% or more above the lowest foreign bid. B.L.H.'s bid was 21% higher than English Electric's. ODCM Chief Leo Hoegh got around that by arguing that a contract award to B.L.H. was necessary for clear reasons of "national security." He said the U.S. needed to maintain and keep in good working order...
...implied that a $1,757,210 contract could not make or break a vital industry, especially since there are five U.S. manufacturers of hydraulic turbines. Moreover, U.S. manufacturers have won 21 of the 23 important Government hydraulic-turbine jobs since 1952. Still unsatisfied, they are lobbying hard to bar foreign manufacturers from bidding...