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...junta had raised taxes and import duties, closed down inefficient state plantations, fired the most venal politicians and turned the economy over to professional administrators. His policies brought considerable unemployment...

Author: /time Magazine | Title: Sierra Leone: The Sergeants' Coup | 4/26/1968 | See Source »

...free world. Moreover, quotas would mean U.S. repudiation of the 1947 General Agreement on Tariffs and Trade, history's first major code of fair play for international commerce. Backers of liberalized trade compare today's proposed restrictions to the 1930 Smoot-Hawley Tariff Act, which by lifting import duties to record levels prompted reprisals abroad that helped to cut U.S. exports by 66% during the Depression. "The protectionists are peddling medicine more likely to kill than cure," warns William M. Roth, President Johnson's special representative for trade negotiations. "The U.S. would be responsible for initiating...

Author: /time Magazine | Title: World Trade: Shades of Smoot & Hawley | 4/12/1968 | See Source »

...that the building trade in his city has been hit hard by the outcome of the June war. No construction work goes on, because nobody feels sure about the future. There is a general regression in trade; one of the problems is that the Arab businessman can no longer import freely from Amman. He is compelled to buy Israeli products at a much higher wholesale price. Therefore prices are up and sales are down...

Author: By Yehudy Lindeman, | Title: Bogeymen in the Mid-East | 4/9/1968 | See Source »

...today's labor into plants and machines for tomorrow. But now they are also finding it politically necessary to divert more and more into consumption to quiet their clamoring people. One consequence is that Poland, Rumania, Hungary, Czechoslovakia and Yugoslavia have begun in a modest way to import capital from the West, permit Western businessmen to invest in some ventures...

Author: /time Magazine | Title: Essay: THE WHOLE WORLD IS MONEY-HUNGRY | 4/5/1968 | See Source »

...seconds in which to deal with his subject. That's "between 180 and 200 words, depending on how many are polysyllabic," he says. But despite the nerve-racking restrictions, he pours a remarkable amount of information, polish and tart viewpoint into his reviews. Of the flibbertigibbet comedy import, There's a Girl in My Soup, he observed: "Here we have the sort of English play that prevents the American theater from having a permanent inferiority com plex." Or recently, from off-Broadway If two foul-mouthed mental defectives shouting at each other is your idea of theater, there...

Author: /time Magazine | Title: Newscasting: A Healthy Jaundice | 4/5/1968 | See Source »

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