Word: important
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Dates: during 1950-1959
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...Pawley the concession if he would pay $1,500,000 to the near-bankrupt trolley company's bondholders and get buses rolling in place of the sway-backed trams. But when Pawley went home to line up financial backing, no fewer than eleven U.S. banks, including the Export-Import Bank, turned down the deal...
Taste & Toxicity. Last November the Reds introduced a bill into the French Assembly to "prohibit the import, manufacture and sale of Coca-Cola in France, Algeria and the French colonial empire." A Communist deputy shouted at France's Health Minister: "Are you going to permit the poisoning of French men & women by this toxic American drink being sold on the grands boulevards of Paris?" Health Minister Pierre Schneiter answered calmly: "Let the French drink what they like and trust their good taste." That good sense carried the day and the Communist bill was defeated...
Besides playing in the Houses, the HTG will start a reading theatre, similar to the Dramatic Club's, which will present performances of rarely-seen plays. It also plans to import theatrical celebrities to talk on drama and to give the money earned thereby to the Theodore Spencer Memorial Fund...
Paul Hoffman, who for months has been asking Western Europe to lower import quotas, establish an effective intra-European payments plan and end dual pricing (TIME, Nov. 7 et seq.), believes that so far OEEC has done little more than pay lip service to his program. Europeans must get a move on toward working out economic integration, quit approaching that vital problem as though Europe had at least 28 years in which to solve it. The cold fact is that Europe has only 28 months...
...Waltham. Hagerty then left his $10,000 RFC job,, became Waltham's $30,000-a-year president - and the company hopefully reopened. But its ancient equipment and shopworn trade reputation were no match for other U.S. watchmakers and such U.S. companies as Bulova, Benrus and Longines-Wittnauer, which import watch movements from Switzerland...