Word: import
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Dates: during 1960-1969
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...living has zoomed 54% in eight months, unemployment is running 10%, trade and budget deficits remain dangerously high. Colombia's ambitious, ten-year development program-begun in 1958 under the administration of Alberto Lleras Camargo-is threatened by graft and inefficiency. Scandals have erupted everywhere, from the import license office to government housing projects. As the government sinks deeper into trouble, the country's Liberal-Conservative coalition is gradually fragmenting into its old warring factions. "Revolution is the only solution," urges Rojas. "This government cannot finish its term because it would finish the nation...
Founded by Englishmen William Newbold and Robert Geddes (the British ownership was severed in 1897), the bank opened its doors amid the civil war raging between the foreign-import Emperor Maximilian and Mexican Revolutionary Benito Juárez. Remarkably, it succeeded in winning the business of merchants and spreading into several branches, partly because it adopted the still-popular British stance of doing business with both sides and partly because its peso notes became Mexico's first nationwide paper currency. (The bank's 20-peso note shows Benito Juárez, Mexico's 33rd President, and Bartolome...
...election, Illia annulled the contracts of 13 private companies (mostly U.S.), and since then the companies have cut back production while lawyers argue the case in court. Oil supplies have been maintained by uncapping state-owned reserve wells, and some experts predict that Argentina will be forced to import oil before December. The beef industry is worse off. With herds decimated by two years of drought, cattlemen are holding back stock, hoping to rebuild. Monday and Tuesday have been declared meatless days, and Argentines have been faced with the ignominy of importing beef from neighboring Uruguay for the first time...
...fine and tireless work of its bird-dog reporters. Chasing candidates in hotels and delegates on the floor, walkie-talkers like John Chancellor, Edwin Newman, Frank McGee, Bob Teague and Sander Vanocur always seemed to be in the most interesting places at the most interesting times, in moments of import as well as absurdity...
...Arabs offer reinstatement to firms that stop their dealings with Israel, but the Israelis have their own ways of exerting pressure. West Germany's Grundig Radio last month announced plans to pull its operations out of Israel, quickly reneged when Israel said that it would cancel all Grundig import licenses in reprisal...