Word: important
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Dates: during 1950-1959
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...this is 1954, not 1904. Australia, Canada, South Africa will not be denied association with the U.S. dollar, and on their own terms. We are dealing with a Commonwealth in modern dress." The aim, says Butler, "is to break outwards, to sell more, and thereby to import more-to enlarge the circle rather than contracting a vicious circle...
...free-enter prising Republican millionaire from the traditionally high-tariff Midwest would feel about such economic aid. Capehart gathered his evidence tirelessly, attending more than 300 meetings with U.S. and foreign business and government officials. As Banking Committee chairman, he focused on the work of the Export-Import Bank of Washington and the International Bank for Reconstruction and Development (World Bank). Chomping cigars, he applied to his job a 20-20 insight into practical commerce, the horse sense of an Indiana Rotarian and the conviviality of a life member of the Loyal Order of Moose. His conclusion, summing...
Capehart particularly stressed expansion of the Export-Import Bank rather than the World Bank. He reasoned that Export-Import i) favors loans to private (including U.S.)companies in Latin America, and 2) requires that imported machinery and equipment used in its developmental projects come from the U.S. (The World Bank lends mainly through governments, insists that equipment be bought where cheapest.) Capehart's recommendation collides with the policy of Secretary of the Treasury George Humphrey, who has cut Export-Import Bank loans to a minimum for reasons of general economy. When this issue comes up for settlement, probably before...
...team of Harvard researchers headed by the brilliant virologist, John F. Enders, reported in Science in January 1949 that they had succeeded in growing polio viruses in tissue cultures of non-nervous tissues. From the obscure technical lan guage they used, only another virologist could have divined the explosive import of their work. In fact, Enders' discovery was to a polio vaccine (and to much other health-saving virus research) what Einstein's cryptic E = mc2 was to the atom bomb...
...take advantage of cheaper labor. Nash will make the cars through two British firms (Fisher & Ludlow for bodies, Austin for engines), import them to the U.S. in two models, a convertible and hardtop. Price at ports of entry: $1,469 for the convertible, $1,445 for the hardtop (radio and heater $129 extra...