Word: importance
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Dates: during 1940-1949
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...what extent did German differences reflect disputes between the occupying powers? Last week, when the U.S. failed to make good all of its food import quota, the Russians refused to continue food supplies for all sectors of Berlin. On the third anniversary of Dday, a scorching editorial in the Berlin Soviet mouthpiece Tägliche Rundschau asserted that U.S. and British airmen had sought out German cities for destruction during the war, neglected military targets. General Lucius D. Clay, U.S. commander in Germany, quietly commented: "I would not dignify that kind of charge with a formal protest." Convinced that...
Welcome Back. Holland made its first postwar test of the U.S. private-capital market with a $20 million bond issue floated by Kuhn, Loeb & Co. The money will be used either to repay an Export-Import Bank credit or for reconstruction. At week's end about 95% of the bonds were sold...
...moment, the world can use loans and relief money from the U.S. to help pay for American exports which cannot be swapped for imports. All told, the loans and relief will swell the $7.6 billion from U.S. imports to nearly $14 billion. Thus, at the present rate, the net export-import deficit of foreign nations which will have to be made up from hoarded savings will be between $4 and $5 billion. That is nearly one-quarter of the $20 billion in gold and U.S. dollars held in the world outside...
Last week a faltering step was taken to ease the shortage. The International Monetary Fund, which was set up to help members meet "temporary disequilibriums" in their international payments, had its first customers. The severe European winter had forced France to import large amounts of U.S. wheat, with a consequent drain on its supply of dollars. France got $25 million by paying francs to the fund. The Netherlands, also short of foreign exchange, put up guilders for $6 million...
...large proportion of applicants typically express an interest in the over-popular fields of journalism, publishing, personnel work, advertising, and the "export-import business." This aggravates the placement problem, for the majority of job offerings tend more toward scientific pursuits. Insurance and merchandising also offer many good opportunities...