Word: important
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Dates: during 1950-1959
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...called the "West Point of the Republican Party," the HYRC lists 160 members, 20 of whom "would come in and do anything for us." Though the club is most famous for what its president calls "our annual circus," elections are calming down, and candidates are no longer allowed to import a hoard of friends just before balloting time...
...White House dinner, after a Manhattan ticker-tape parade, their smiles came naturally and easily and their moods were clearly carefree. A 45-minute conference with Ike stretched Lemus' smile even wider. Ike told him, said Lemus, that the U.S. was considering "with sympathy" the establishment of U.S. import quotas for coffee that is piled mountain-high in surplus storage warehouses in such exporting nations as his throughout the hemisphere...
...base at Gander airport, the province appears to be little more than a barren rock jutting out into the North Atlantic sea and air lanes. It is a land of clammy summer fogs and lashing North Atlantic storms; its climate and soil are so forbidding that the islanders must import a full 90% of their food. St. John's was the last spot of North American soil that Charles Lindbergh glimpsed as he headed eastward in his epic flight to Paris; from Newfoundland's Signal Hill Marconi received the first transatlantic radio message...
...integrated oil companies, who do most of the importing, scoffed at this reasoning, since the order also restricts oil from Canada, which is highly unlikely to be cut off by war. If the U.S. needs a big hoard, they argued, it should import more rather than less, keep its own oil for emergencies. They called the mandatory order, which will boost the price of oil, simply a protectionist victory for the hard-lobbying Texas independent oilmen. What worried free traders everywhere was whether the quotas would open the door to new protectionism for other industries, under the guise of "national...
Foreign makers contend that this is plain trade nationalism. For one thing, a mere one-half of 1% of the U.S. electric supply depends on foreign generating-equipment. Also, U.S. makers export far more heavy electric equipment than the U.S. imports-$840 million exported, v. $61 million imported from 1952 to 1957. Private utilities have bought little foreign gear, but the Tennessee Valley Authority last month selected Britain's C. A. Parsons & Co. Ltd. to build a 500,000 kw. turbogenerator-one of the world's biggest-at Tuscumbia, Ala., and said that Parsons is indeed "qualified, technically...