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...story U.S. embassy in downtown Seoul, Berger explained that the U.S. might have to re-examine its aid program unless Park let the civilians come back. To show that Berger was not bluffing, the U.S. recently delayed a promised $25 million desperately needed by South Korea to pay for import purchases...
...been cut down in the free market even if the President had held his temper; stuck with a soft market, steelmen have been quietly discounting prices from 1% to 5% for much of the past year. Furthermore, steelmen take the chance of turning their customers increasingly to lower-priced imports, which rose by 1,000,000 tons last year, and to steel substitutes, which last year displaced 2,000,000 tons of steel. Wheeling wisely tried to avoid this peril by limiting its rise to products for which domestic demand is strong and import pressure is weak-sheets and strips...
...Strong medicine has not cured all that ails SIAM. It must still import such simple parts as windshield wipers (paying 250% duty) because the local product is so shoddy. Last year a Peronist-oriented union, pushing for wage increases, led a slowdown that temporarily reduced automobile output from 36 cars to four cars a day. But retrenchment has left SIAM lithe and ready for fresh expansion. With the philosophy of a patriot who feels that Argentina has only one way to go, Clutterbuck says: "My country is at the bottom of the hill. Now we start to climb the other...
...being too good to Ireland and of corrupting the Irish people by kindness, and so stifling the virtues of self-reliance and industry." As applied by bumbling bureaucrats, the doctrine meant that food (Indian corn mostly) should only be distributed by private agencies. Private traders (though few existed) should import the stuff. Exporters should on no account be hindered in their natural economic function. As a result, oats were carried to the docks for export past starving...
...courses in all the other schools. Agriculture's biology, for example, is usually more stimulating than its arts equivalent. Cornell's best psychology course is child development in the College of Home Economics. And if football is any guide, Cornell puts studies first: Though it could easily import ringers via the state schools, the Big Red has not topped the Ivy League since 1954. In ten seasons, it has won only 38 games against 50 losses...