Word: important
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Dates: during 1950-1959
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...door a crack to modern art (at least up to 1917) and admitting that "both still lifes and landscapes have every right to develop in Soviet art," Gerasimov also left the door ajar for himself. Privately Gerasimov has been turning out a crop of voluptuous nudes with no social import whatsoever...
...build and finance the entire pipeline as a private enterprise. Instead of threatening to compete against gas companies in the U.S. Midwest, McMahon offered to sell them Canadian gas, let them distribute it. Thus he eliminated many of the objections blocking Washington's approval of Murchison's import permit...
...Nova Scotia boy, Lauchlin Currie traveled far. He studied economics at Harvard and remained to teach; he became a U.S. citizen, a Treasury Department economist, eventually administrative assistant, friend and close adviser to President Roosevelt. After Roosevelt's death Currie, at 43, bowed out of Government, opened an import-export firm in Manhattan...
What Latin America really needs from foreign trade is enough return to buy the capital goods required to send its Johnny-come-lately industries into an upward spiral, lifting the people's standard of living. This "capacity to import" is set largely by the volume of exports of farm products and minerals and the price they bring. Last year Latin Americans turned out plenty of these products, e.g., agricultural output (sugar, bananas, meat, coffee, cacao, wool) was bigger than in 1954, both total and per capita. But the prices of the exports fell so sharply (notably in coffee...
Trippers' Triumph. From the outset, U.S. tourists eagerly bought the checks. President Fargo stubbornly resisted any more truck with tourists, even though American Express had a chain of import offices in Europe. "I will not," he growled, "have gangs of trippers starting off in charabancs from in front of our offices the way they do from Thomas Cook's. We will cash their traveler's checks and give them free advice. That's all." Inevitably, the trippers triumphed...