Word: important
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Dates: during 1950-1959
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...visited the library of the U.S. Information Service to read some American magazines and books, and suddenly got our inspiration; we would import American magazines to Formosa . . . We chose TIME, LIFE and Reader's Digest to begin with because these three magazines are the most widely read all over the world...
Last week Agriculture Secretary Charles Brannan reluctantly decided the time had come to start making others besides taxpayers unhappy. He slapped import quotas on dried milk, buttermilk and cream, limiting imports in the first quarter to the level of a year ago-a little more than half the recent rate. Brannan had no choice: under a clause in the Defense Production Act, sponsored by Minnesota's Republican Representative August Andresen, dairy imports must be limited to quantities that will not "result in any unnecessary burden or expenditures under any Government price-support program...
...American industry's chief policymaking body on foreign-trade matters. Long a figure in international trade, Pierson, a Harvard-trained lawyer, is a past president of the International Air Transport Association, served on the Tripartite Commission unscrambling German debts (TIME, Aug. 18), and was president of the Export-Import Bank for ten years. He is a firm believer in "two-way trade, not oneway...
...cooperation with the U.S. Export-Import Bank and private interests in Latin American countries, I.H.C. also has an ambitious hotel-building program underway. Scheduled to open next fall, in time for the projected Inter-American Conference of Nations, is Caracas' $7,000,000, 400-room Tamanaco. Bogotá's 400-room Tequendama and Maracaibo's 150-room Del Lago, opening later in the year, will finally give those cities first-class hotels ; and the 600-room Copan, due to be completed in 1954, will help fill the urgent need for more and better hotel accommodations in booming...
...Fords and Cadillacs. Government officials, demanding emancipation from the tyranny of tin, urge Bolivians to look eastward to the regions where the Andes fall away in giant green gorges called yungas to the Amazonian jungles and Chaco plains. With the aid of a $26 million U.S. Export-Import Bank loan, Bolivia hopes to finish a highway linking the mountain cities with Santa Cruz, capital of the plains, by late 1953. Brazil and Argentina are busy building railroads across the Chaco (see map) to open the area to the Atlantic. Bolivian nationalists, sponsors of a "March to the East," talk paradoxically...