Word: important
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Dates: during 1950-1959
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...putting up $10 million for Egypt's use against an equivalent sum in Egyptian pounds, and Nasser and his Finance Minister talked long with Russian Ambassador Kiselev about more help from the Soviet bloc. The No. i problem: paying for the 600,000 tons of wheat Egypt must import in the next nine months. Buying it as usual on the world market would use up $47 million, or half of all Egypt's unblocked dollar assets. Last week, for a starter, the government arranged to buy 100,000 tons of Syrian wheat with Egyptian pounds...
...small-fry nations around it on the Arabian Peninsula, constitutes the only area of the world where slavery survives in its classic form. To meet the demand of oil-rich Saudis, who are prepared to pay up to $1,000 for a likely young Arab girl, traders annually import some 30,000 slaves from
...bananas, cacao, coffee) fell off this year. President Velasco ran up deficits by spending lavishly for public works and-to keep the army contented-for military equipment. The government owes public employees back pay, is half a year behind on loan repayments to the World Bank and the Export-Import Bank...
...then ordered state-owned businesses to stop advertising in Red papers. When private businessmen also pulled out, advertising virtually vanished from the Communist press. Furthermore, where the Reds once got all the newsprint they wanted from Iron Curtain nations on unlimited credit terms, the Italian government refused import permits except for newsprint bought through normal channels, thus made the Communists pay out their cash for their supplies. As a result L'Unita alone loses more than half a cent for every copy it prints, has piled up a whopping $5,000,000 deficit over the last few years...
Dangerous Import. When the rabbis refused to give way, Premier Ben-Gurion stepped in, told Jerusalem's Mayor Gershon Agron to see that Glueck's plans were approved immediately. Last week the Orthodox bowed to the inevitable, granted Glueck his building permit...