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...better report than Congress itself would write," the economists found the Randall Report "badly compromised" by Steelman Clarence Randall's efforts to appease the protectionist wing of his Commission on Foreign Economic Policy. The report failed to make it clear that "American consumers and producers [would] gain from freer trade and larger imports...

Author: /time Magazine | Title: FOREIGN TRADE: Attack on the Randall Report | 4/5/1954 | See Source »

...good report card mean that the sterling bloc is now strong enough to take its chances in free competition with the world's wealthiest money bloc, the dollar area? At Sydney, the finance ministers agreed doughtily, as they did a year ago, that their objective is "a wider, freer system of trade and finance in which the convertibility of sterling is essential." But the fact is that convertibility-i.e., making the pound freely convertible into dollars-is no longer considered urgent. Partly the reason is economic realities. Experts agree that the Commonwealth cannot safely risk convertibility until dollar...

Author: /time Magazine | Title: THE COMMONWEALTH: The Edge of the Bed | 1/25/1954 | See Source »

...cell meetings and urged that they be opened to non-Communists as well as Communists. "When a revolution has been successful," wrote Djilas, "the next logical step is a turn toward democracy . . . There is and can be no other way out but more democracy, more free discussion, freer elections of social, government and economic organs, more adherence...

Author: /time Magazine | Title: YUGOSLAVIA: The Man in the Dock | 1/25/1954 | See Source »

Both in and outside Government, the leaders of private industry shouldered more public responsibilities. Henry Ford II sounded the call for freer world trade, then put aside his auto job and went to work at the U.N., where his very name was symbolic of the high wages of the U.S. free-enterprise system. In his book, Freedom's Faith, Inland Steel's Clarence Randall, another of the new internationalists, wrote: "The new corps of business leaders . . . hold in their competent hands the future of free enterprise ... It is their mission ... to keep America strong." Then he accepted...

Author: /time Magazine | Title: Business: A Keystone of the Free World | 1/4/1954 | See Source »

January: President Eisenhower will ask Congress for extended social security, freer trade, an increase in the debt limit, and continuation of extensive worldwide military commitments. This will be acclaimed as a "bold new policy" and a "dynamic new concept of Presidential leadership" by the anti-Fair Deal press...

Author: NO WRITER ATTRIBUTED | Title: Preview | 1/4/1954 | See Source »

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