Word: importations
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Dates: during 1950-1959
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...Middle East). They understood that the alliance stands as firm as ever in the geographical limits of its primary purpose-the defense of Europe-and that Britain remains the U.S.'s closest friend by blood, interests and sentiment. This fact was underlined last week when the U.S.Export-Import Bank granted Britain a $500 million loan (at 4½% interest) to help Britain through its post-Suez crisis...
...their prosperity, Canada's consumers and businessmen developed a tremendous foreign-buying urge. They spent a record $5.8 billion outside their country for consumer goods and industrial equipment, running up an import bill that was a full $1 billion higher than the country's export earnings. Such a trade deficit could have been ruinous to a less prosperous country, but Canada took it in stride: the heavy flow of foreign (mostly U.S.) investment offset the drain on gold and dollar reserves. As the year ended, Canada's currency position was so strong that the Canadian dollar rose...
...share of personal observations, only he spaces them days and weeks apart. Examples: "American women are pretty flat-chested, on the whole.'' "The Pacific Ocean is sort of misty, greyish." "Armenians have no backs to their heads." "I don't see why people are crazy to import French paintings when there are so many French paintings being made in America." "I like Emerson to read, I guess...
...pound steadied in the London money market, rose from $2.78¼ to $2.78⅝ Speculators who had been selling the pound short in the belief that it might be devalued, began withdrawing from the attack. Further indirect support is almost certain in the shape of a U.S. Export-Import Bank loan, possibly as high as $700,000,000, to help finance Britain's foreign trade...
Died. Herbert Earle Gaston, 75, onetime (1939-45) Assistant Secretary of the Treasury, later (1949-53) head of the Export-Import Bank; in Los Angeles...