Word: growth
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Dates: during 1950-1959
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...part U.S. capital has played in the economic development of friendly nations -and particularly in Canada's postwar boom. Since 1953, he said, for every dollar withdrawn from Canada as an investment profit, U.S. firms have reinvested more than $2 in Canada's long-term growth. They have paid $450 million yearly in Canadian income taxes, built up some of Canada's most profitable exports, e.g., nearly $1 billion in pulp and paper sales annually to the U.S. Said Kearns: "We have never regarded capital invested in Canadian enterprises as anything but Canadian in its participation...
Blue Cross, the U.S.'s best-known hospital insurance plan, desperately needs a shot in the arm to give it a nationwide growth spurt. And unless the shot is administered soon, Government control of all U.S. hospitals is only a matter of time. These were the blunt alternatives presented to the American Hospital Association in Manhattan last week by John R. Mannix, executive vice president of the Blue Cross of Northeast Ohio...
...same time, banks find themselves with relatively less money to lend. In the nation's mutual savings banks, total deposits rose $585 million in the first six months this year to $34.6 billion -but the growth during the same period last year was $1.3 billion. Instead of putting and keeping their money in savings accounts, people are attracted by higher returns in the stock market or Government bonds. The rate of growth of time deposits has been falling off because corporations, state and local governments, and foreign depositors can now get nearly 3½% on a 91-day Treasury...
...have souls, and it is thinkable that God might have been hatched from an egg. As for man: "It might be that nature never intended us to have a soul. That all nature will allow is instinct, and that the soul is an importation and a foreign growth...
British Hints. Britain's suspicious mood reflected economic divisions as well as political differences. Watching the steady growth of economic ties and the nascent sense of "European identity" in the six Common Market nations, Britain increasingly feels itself odd man out in Western Europe, and considers this not the result of British unwillingness to pay the price of European membership but the fault of Adenauer's and De Gaulle's alliance. Prime Minister Macmillan, seeing Ike alone at Chequers, was expected to spend some of his time deploring not Khrushchev's behavior but De Gaulle...