Word: important
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Dates: during 1950-1959
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Intolerable Conditions. Many sad confusions result. Desiring foreign capital investment, the Indonesians devise intolerable conditions for its operation. They launch a reconstruction program, then impose heavy tariffs on the tools of reconstruction; a health program, but ban the import of X-ray films; an education drive, then double the import duty on school textbooks. Rather than have their army trained by Western military experts, they would have it untrained...
...joint commission in Rio to pass on rail, electric power, and other projects suitable for development loans. In the spacious cordiality of the hour, U.S. officials predicted that the joint commission's work would bring Brazil from $350 to $500 million in loans from the U.S. Export-Import Bank and the World Bank. Last week, with only $122 million in such loans granted, the U.S. prepared to wind up the commission and send its members home...
Ocean-going vessels have been coming into Chicago since 1931, when the Swedish freighter, Anna, docked there. But the real expansion in the trade developed after the war, when French and German lines joined Dutch, Swedish and Norwegian shippers in the service. In 1947, the export-import total was 66,774 tons; last year it rose to an estimated 225,000 tons. All the ships are running with capacity loads. One reason there are not still more ships in the trade: Great Lakes ports are short the docks to handle them without wasteful waiting...
Look East, Old Europe. Next to the Iron Curtain, European and Japanese traders resent the thickets of U.S. tariffs and import regulations. Said a Japanese: "The Americans tell us not to trade with the Communists . . . then they turn around and raise their duties on tuna and silk scarves. It doesn't make sense...
...Bulgaria wanted vegetable oils; the U.S. has just imposed a stiff import quota on tung oil after spending thousands to teach the Paraguayans how to grow it for the U.S. market...