Word: imported
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Dates: during 1960-1969
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...POLAND. Poland is the sick man of Eastern Europe. The country has mammoth debts abroad, and practically no money to pay them with. Overcentralization of planning and overemphasis on heavy industry have reduced its already weak economy to a shambles. Poor harvests and poorer planning have forced it to import huge amounts of grain, thus dangerously depleting its foreign currency reserves. Typical of Poland's plight is the condition of its national airline, LOT, which is being gradually grounded by a bizarre price structure, antiquated equipment, and the failure of Russia to come through with promised modern planes...
...only one, the cement trust, is earning a clear profit. Air Ceylon consists of a single DC-3, employs dozens of executives to keep it flying. The national salt corporation was so mismanaged that although the island is washed by the salt-rich Indian Ocean, it has had to import salt from abroad. Even Ceylon's Communists are complaining. While carefully exempting Mrs. Bandaranaike from criticism ("the only man in the Cabinet"), Cambridge-educated, pro-Soviet Red Leader Pieter Keuneman lamented: "This government is not going any place...
...Europe's ailing steel industry, already plagued by overcapacity, has been seriously jarred by a recent invasion of cut-rate steel from Japan, Austria, Britain and the Iron Curtain countries. Since the Common Market's steel producers have the right to align their prices to the lowest import offer, they have cut them to unprofitable levels to meet the new competition...
Still holding things up was the foreign aid bill. A House-Senate conference committee had agreed on a $3 billion appropriation, $1.9 billion less than the Kennedy Administration originally requested. Now at issue was a House amendment prohibiting the Export-Import Bank of Washington from guaranteeing loans in commercial transactions with Communist nations-such as the much-publicized wheat deal with Russia...
...Africans and Asians, a major problem is eliminating the prejudice against Christianity as an unwanted "cultural import." The young churches of the East are nationalizing their hierarchies and structures as fast as means allow and are developing mission forces of their own. More than 200 missionaries have been sent from one Asian land to another to preach the faith in unmistakably non-Western accents...