Word: held
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Dates: during 1950-1959
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...vague and emotional concept of Arab unity, influenced by 19th century European nationalism, held that the Arabic language, Arab ways, and a common past of glorious medieval empire should unite 70 million Arabs from the Atlantic to the Indian Ocean. The intellectuals' enthusiasm sparked a political awakening in which Islam played a big part. Wherever this Pan-Arab idea came to life, it ran up against the Western imperial domination of the day. The foreigner who drew his arbitrary borders across the body of the Arab lands, who exploited the riches of the Arab soil and what lay beneath...
...points above the May level-and four points higher than April. Output was up in all major categories with increases ranging from four points in both industrial goods (machine tools, aircrafts, etc.) and consumer durables. Even more meaningful was the news on personal income. Though total personal income has held remarkably stable throughout the recession, serving as a needed ballast for the whole economy, April's rate for wage and salary disbursements had still dipped to a worrisome low of $232 billion, down $6.1 billion from 1957. In June the figure climbed back up. The total: up $3.3 billion...
...even a small but bright spot of light in the auto industry. Although July stocks of unsold cars and trucks amounted to 695,000 units, it was the smallest inventory for this time of year since July 1954. To help work off the rest of the load, Detroit carefully held back from rushing in to replenish dealer stocks, allowed shortages to develop in some lines of convertibles and station wagons. Looking ahead, the industry anticipated that July, August, September and October would pare inventories to new lows and clear the showrooms for new models...
Participation in the program has been held back by a general lack of information about it among businessmen. Even Congress sometimes appears to be in the dark. Last winter, Wyoming's Democratic Senator Joseph C. O'Mahoney at first confused the insurance program with the U.S. Development Loan Fund, which gives loans to foreign businessmen, then claimed that it was aimed at helping only big business. It is true that big business is the chief participant, but only because most foreign investors fall into that category. Program officials would like nothing better than to encourage-and insure-small...
...sugar-trading firm of Galban Lobo. Soon Lobo was on his own, eventually started buying mills as the best protection for a speculator. Five months ago he bought his latest and most impressive parcel: a $24.5 million complex of Cuban mills and other assets called the Hershey properties, once held by the chocolate-makers and since 1946 by Cuban Atlantic Sugar...