Word: foreign
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Dates: during 1950-1959
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Personality & Family. Mikoyan is a fluent talker (but speaks little English), likes dancing, cooking Armenian dishes and horseback riding, is more amiable-or at least more ingratiating -than most Soviet chieftains. After three decades as a foreign trade specialist, and numerous trips abroad, he is also more knowledgeable about the West than most of his fellow commissars. "Unlike the others," a veteran Western diplomat says of Mikoyan, "he has a rational image of the U.S." Mikoyan has four children, numerous grandchildren. His brother Artem is one of the U.S.S.R.'s top airplane designers (the MI in MIG stands...
...there ordered re-emphasis. The tenor of the message: hold-the-line fiscal management. On defense, the President wanted to stress the need to cut down on costly weapons duplication. On agriculture, the President hoped and expected that Congress would reduce the drain of crop-support programs. On foreign aid, the President wanted an increase in funds that was modest in terms of the need, e.g., a jump from $400 million to $700 million for the Development Loan Fund. Already the President had ordered a whole section of the message to be devoted to the national need to balance...
...Part of Europe's new confidence in its own currency rested on a decreasing dominance of the dollar. Last year U.S. imports ran considerably above U.S. exports, with the result that $2.2 billion in gold and half a billion in dollars flowed out of the U.S. into foreign treasuries. Armed with increased gold reserves and with the knowledge that the German mark or Swiss franc is just about as desirable a currency as the inflation-dented U.S. dollar, all of Europe's trading nations felt strong enough to accompany Britain into convertibility and thereby to divide the risk...
...cost-of-living index-though to compensate France's poor for increased food costs they decreed a 5.5% raise in the minimum wage. And by the removal of import quotas on a wide list of products. France's manufacturers would be exposed to so much foreign competition that it would be difficult for them to raise prices. Had these measures of "truth and severity" been proposed by anyone but De Gaulle, France would surely have been in for a vicious round of strikes, profiteering and social unrest. De Gaulle himself, despite his prestige, probably could not have dared...
...picking a Cabinet together, De Gaulle and Debre are expected to keep much of De Gaulle's present team in office: Antoine Pinay as Finance Minister, capable Career Diplomat Maurice Couve de Murville as Foreign Minister, and safe Civil Servant Emile Pelletier as Interior Minister. One likely departure is Minister of State Guy Mollet, whose Socialist Party dislikes De Gaulle's new austerity budget. Mollet talks of the need to create a loyal opposition, so that resentment particularly among the workers, can be expressed through others than the Communists...