Word: importance
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Dates: during 1950-1959
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...previous official predictions of $350 million. Even at the risk of unemployment from the tightening of money by the Bank of England fortnight ago, said Thorneycroft, Britain will defend the proud pound. To add to her resources, she will draw down a $500 million credit from the U.S. Export-Import Bank, can also call on her $738.5 million stand-by credit from the Monetary Fund...
...flood of foreign oil-and to soothe the politically potent ire of Texas' independent oilmen-the Interior Department two months ago set up a voluntary import curb on big oil companies. Last week the program's administrator. Navy Captain Matthew V. Carson Jr.. logged a mutinous crew and foul weather ahead. The companies were asked to cut imports 10% below their 1954-to-1956 levels, bring in only 755,700 bbl. of foreign crude a day. But Captain Carson's first statistics showed a daily August total of 982,300 bbl. The companies themselves estimate daily...
Failure Ahead. There were plenty of signs last week that it might. The pressure against the quota came from companies that only recently began bringing in foreign crude. The quotas, based on the 1954-56 import level, squeeze them hard. Although allocated a total of only 262,600 bbl. daily, they imported 354,600 bbl. a day in August, estimate a 337,200-bbl. rate in December. Both Tidewater and Standard of Indiana appealed for quota boosts, held that the formula has actually cut their imports 22% below the levels they had planned to supply recently built U.S. refineries that...
...diplomat who knew him well says that if Mikoyan had emigrated to the U.S. he would now be "heading his own export-import firm with a triplex apartment on Park Avenue." But ex-Ambassador Walter ("Beedle") Smith, less impressed, says, "Take away his ZIS limousine and Mikoyan would look like just another rug peddler in Shepheard's Hotel in Cairo...
...schools and one out of every two Mexicans is still illiterate. The population of the Federal District, now 4.5 million, will probably hit 7,000,000 by 1966, causing serious food, water and school shortages. And because of drought and population increase, corn-eating Mexico has been forced to import corn from the U.S. for its tortillas, tacos and enchiladas...