Word: important
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Dates: during 1950-1959
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...turning on his television set, but at the Armory there was no way to turn it off. For 40 minutes, tumbling acts, ballets, production numbers, and fashion shows took turns on the stage with message from the sponsor smoothly lubricated in at 10-second intervals. The import of the lyrics concocted by the corporation-owned Joyee Kilmer was that only Fisher can make a body...
...work, and in the second place, our constitution forbids any President to run again." Odria's decision sets up a knotty political problem for him and for Peru. The country has moved forward economically under honest, efficient Dictator Odria. By boldly unpegging the currency, cutting away useless export-import controls, and welcoming foreign investment capital, he stimulated production and trade. But with economic liberty went tight political control. In the absence of functioning political parties and a free press, the conditions for a democratic or even a democratic-looking presidential election do not exist in Peru. And they...
...machinery the Japanese textile industry has cut costs 20% below prewar levels, and such processes as Cluett, Peabody's "Sanforizing" have opened up new export markets from Australia to Canada-to the consternation of U.S. textilemen. Japan's petroleum industry, which in 1949 had to import 92% of its finished petroleum products, last year was able to produce 90% of the products at home, due largely to some $71 million invested by Caltex, Standard-Vacuum, Union Oil and Tide Water. By agreements signed with Armco International Corp., Japanese steelmen have been able to cut costs 5% and boost...
...more than $7 billion. It is rising so fast that the Agriculture Department last week was getting ready to ask Congress to boost the borrowing authority of the Commodity Credit Corp. from $10 billion to $12 billion. This mountain of food has caused the U.S. to impose strict import quotas on agricultural commodities, a policy which is not only condemned by foreign nations, but is opposed by the U.S. itself when other nations practice it. Furthermore, the U.S. angers its friends almost every time it tries to get rid of its surpluses abroad at competitive prices. Example: U.S. attempts...
Complex exchange and import controls and the delicately balanced state of U.S. popularity in many nations block the sale of surpluses almost everywhere. Bulk buying contracts, such as the United Kingdom has for Argentine meat, often make it impossible for the U.S. to work into new markets. In Hong Kong there is a rule that 25% of the cotton used by the crown colony's mills must come from Commonwealth sources. When the U.S. offered to sell butter to France so that every schoolchild would get a pat of butter with his lunch. French dairymen objected...