Word: importance
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Dates: during 1950-1959
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...shop sages, were feeling depressed. It was not the heat: one could always take a bus to the cool foothills of the Elburz Mountains, or sit beside a pool in a garden nightclub and watch the moon glide across the sky. It was not business: apart from the standstill import trade, business was fair. It was not politics, the capital's favorite indoor & outdoor sport. What really bothered Teherani was the growing realization that the West no longer seemed to care so much what happened to them, having just about exhausted its supply of sympathy, patience and surprise...
Smuggling, for centuries a profitable career in these waters, has been brought to an art by the Communists. Peking maintains an official purchasing agency in Macao called the Nan Kwong Trading Corp. Smugglers get an order from Nan Kwong, then wangle a Macao government import permit, place their order somewhere in Western Europe, and wait for the ships of the Portuguese-owned Companhia National de Navegaçáo to arrive. When the smuggler delivers the goods, profits are enormous...
Tied Hands & Feet. He took a trip around the world, telling anyone who would listen of the injustices suffered by Cambodia under the French colonial system. Said he in Manhattan: "In economic matters they have our hands and feet tied; we cannot import and export freely and we have no freedom of taxation. Our police cannot touch them." The French insist on taking Cambodian troops under their command, said Norodom, and he warned: "If we have an invasion of the sort that Laos has suffered recently, I am not at all certain that I can call for a general mobilization...
...Because of Me." He scraped along for a few years with a small import-export business, then in 1934 got into munitions. He managed to talk the National Bank of Greece, which held control of the Greek Powder & Cartridge Co. and wanted to sell it, into lending him enough ($500,000), to buy its share of the company...
...They also helped make clear that, in the U.S. view, the basic question is not really whether Brazil should get development loans, but when. The Vargas administration would naturally like to start some badly needed projects right away. But Washington-notably the World Bank, which is supplanting the Export-Import Bank as the primary lending agency - feels that Brazil must strengthen its currency, wipe out its trade deficit, and check credit inflation before it can take on any more debt, even for the worthiest of projects...