Word: importance
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Dates: during 1950-1959
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...cotton crop for years ahead. By reselling this cotton at cut prices to Western textile manufacturers (including West Germans), the Communists have driven Egyptian cotton exporters out of much of the European market, have thus deprived Egypt of a major source of foreign exchange and reduced her ability to import Western goods. In the first half of 1958, Soviet-bloc exports to Egypt were more than 2½ times West Germany...
...Most Talented. Since India produces only 1,800,000 tons of ingot steel a year, the government must use up huge chunks of its foreign reserves to import the steel the country needs. Hoping to quadruple production by 1961, India has brought in the services of four different nations to do it. At Durgapur in West Bengal, 400 British experts are supervising 29,000 Indians in building a mill that will begin operation next fall. Also in West Bengal, in Jamshedpur, the Pittsburgh of India, U.S. engineers of the Kaiser Engineers Division are just about finished with...
...hotly championed by the Administration. The Act provides that to require acceptance a foreign bid must be at least six per cent lower than a domestic one, and to this is added another six per cent in the case of unemployed areas. The English bid, however, even after import duty, was 19 per cent lower...
...island's unpredictable, Oxford-educated former Prime Minister Dom Mintoff (who last year wanted to incorporate Malta into Britain itself, but now talks about making it a neutral port guaranteed by the U.N. Security Council), and unwilling to grant independence to the rock-bound island that must import nine times as much as it exports, the British suspended the 1947 constitution that allowed the 320,000 Maltese to elect their own representatives. Henceforth the British Governor will appoint his own council of advisers. Replied Mintoff: "Britain's days in the Mediterranean are numbered...
...puppet President-elect, who was supposed to take office Feb. 24. (Another Ciudad Trujillo resident: Argentina's exiled Dictator Juan Perón.) The Jacksonville club included national Police Chief Pilar Garcia, worst of the terrorists, and Army Chief of Staff Francisco Tabernilla, whose unseemly wealth from import privileges led Cubans to dub Scotch whisky "Old Tabernilla." U.S. Gambler Meyer Lansky, who ran the casinos in several big resort hotels in a deal with Batista, caught a chartered plane to Florida with a clutch of his top mobsters. Wherever the Batista supporters descended in the U.S., Cuban exiles turned...