Word: important
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Dates: during 1950-1959
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...Government-subsidized cotton exports hit 7,700,000 bales v. 2,200,000 bales in 1956; wheat shipments rose to 535 million bu. from 340 million bu. Agriculture Department expects foreign sales boom to level off in current fiscal year because of bumper cotton, wheat crops abroad, new import controls in some dollar-short countries...
...abundant summer there was little outcry from the American public against the U.S. creeping inflation. In fact, the few complainers were grumbling mostly about governmental action designed to stop the creep-e.g., the U.S. tight-money policies (see BUSINESS). In France and Japan, there were real outcries against import controls, in India against present wage ceilings in nationalized factories. When the chairman of Sweden's Riksbank (roughly equivalent to the U.S.'s Federal Reserve) increased the discount rate to 5% last month, Sweden's Socialist-Agrarian government, sensitive to popular pressures, kicked the banker...
...World Bank and the U.S. Government's Export-Import Bank are doing their best to alleviate the capital shortage, but the aid falls far short of demand. Nor have private investors in the U.S. and Great Britain, traditionally major world exporters of venture capital, been able to supply the demand from overseas, especially since pressure for capital at home is greater than ever. Overseas, even in cases where investment opportunities compare favorably with those at home, a lack of political and economic stability and the threat of nationalization have acted as a deterrent...
WEST GERMAN INFLATION will be eased by 25% tariff cut designed to spur import of low-cost foreign goods, trim West Germany's $4.95 billion gold and foreign-exchange reserves, which are mounting at rate of $1 billion a year. To tighten domestic money supply the Bank Deutscher Laender (the government's central bank) will also lend $100 million to World Bank at terms of from one to three years at 4¼% interest...
...splinter companies of the war-racked Farben trust started working from the moment the shooting stopped. Bayer got the first postwar production permit in the British occupation zone, and the other Farben companies rushed to follow. The market was enormous, since Germany had no money to import such vitally needed products as drugs, fertilizers and dyes. To replace the plants and patents lost to the Allies, the companies plowed back 20% of their sales into buildings and research. B.A.S.F., for example, has applied for 3,900 new chemical patents since the war, now bases only 200 of its thousands...