Word: globalitis
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Dates: during 1950-1959
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Inflation has dealt a harder blow to South America than to any other region in the world. Of the 86 nations in the U.N.'s global cost-of-living index, Bolivia is in first place. Chile is second, Brazil and Argentina rank high. "A fire burning down our house," Bolivia's President Hernan Siles Zuazo calls inflation. "We will be lucky...
...Global Bombers Important, Lemay Asserts...
BUENOS AIRES, Nov. 12--General Curtis Lemay gave a dramatic punch today to his claim that the global bomber has not been scrapped by the guided missile. He helped fly a big jet Stratotanker 6,350 miles without stopping or refueling...
...devices which we have developed since the War serve today as the foundation of our policies toward not only the Soviet Union but friendly and uncommitted nations as well. Massive retaliation, in substance the doctrine of both Democratic and Republican administrations, has laid down the conditions in which our global strategy operates. Until now, the United States has sought to manage this global nuclear counterweight alone. The harmful results of this monopoly have been clear--fear and complacency within NATO, breakdowns of common policy such as Suez, and a menacing ambiguity on the shared problems of colonialism...
...this global sea of inflationary troubles there is one major island where enterprise, aided by record-breaking production, has achieved a basic stability of consumers' prices. In West Germany the cost-of-living index was up a modest 16 points from 1950 levels. This truncated republic, about half the size of the old German Reich and with about three-quarters of its population (53 million), looms as the economic wonder of the democratic West. The Germans' own astonishing energy and some $5 billion in timely U.S. aid have wrought their great part in what is universally hailed...