Word: importance
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Dates: during 1950-1959
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...learning that he lent money to Mario Bolanos. Bolanos had reportedly made a lot of money out of the severe corn shortage caused by Central America's spring drought. Back in January, it appeared, Insider Bolanos found out that the government, worried about drought forecasts, planned to lift import duties on corn, Guatemala's basic foodstuff. With a Mexican and two Guatemalans as partners, he set up Comercial Guatemalteca to import corn from Mexico. What with import duties suspended and corn retailing for as much as 15? a lb. (normal price: about 5?), it was a highly profitable...
Manager Schang bided his time while U.S.-Russian relations blew hot and blew cold until, about a year ago, the Soviets joined UNESCO. That, decided Schang, meant a major policy shift, and he promptly opened negotiations with the Soviet embassy in Washington to import Russian musicians. His cause was helped by the fact that the Soviet ambassador is the Georgy Zarubin of World's Fair days. It may also have been helped by the fact that Violinist Yehudi Menuhin met Oistrakh in London and began his own correspondence with the State Department in the hope of winning his colleague...
...never heard of a report of such import for the church being accepted with so little argument," said a stunned Anglican canon last week. The Convocations of Canterbury and York, traditional arbiters of all doctrinal matters in the Church of England, had just accepted, with little dispute, a report recommending extension of "limited intercommunion" with the Church of South India. The argument was not long in coming, and with it the threat of a schism in the Anglican Church...
...been an effective advocate of lower tariffs and reciprocal trade as head of the ICC's United States Council. He was a World War I artillery lieutenant in France, graduated from Harvard Law School in 1922, served the Government as RFC counsel (1933)) president of the Export-Import Bank (1936-44), and U.S. delegate to the 1951-52 conference on Germany's $6 billion foreign debt. As 17th (and fifth American) president of the ICC, Internationalist Pierson will push for economic integration of Western Europe...
...Foreign Operations Administrator Stassen disclosed that exports of grain to the West from the grain-rich Communist "breadbasket of Europe" fell off from 2,875,000 tons to 1,256,000 tons between 1952 and 1954, and that during the hungry fall of 1954 the Communists were compelled to import grain from the West...