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...brazen face against a brazen face," explained it was a simple matter of instinct. But later upon reflection he wrote: "If such are the manners of Women of Rank, Fashion and Reputation in France, they can never support a Republican Government. We must therefore take great care not to import them into America...

Author: /time Magazine | Title: Books: Frank Founding Father | 9/29/1961 | See Source »

...EXPORT-IMPORT BANK. Restricted by law to financing the purchase of specific U.S. goods and services by foreign nations, the Ex-Im Bank has broadened its mission to include general lines of credit to Latin American countries for basic development projects. Extent of the speedup: 18 loans for $456.3 million (mostly for U.S.-made road-building machinery and agricultural equipment) since March, v. nine loans worth $280 million in the same six months last year...

Author: /time Magazine | Title: The Americas: Help on the Way | 9/22/1961 | See Source »

...nation's doctors are gone) as "traitors" and announced that their citizenship was to be revoked. To guard his new Cuba against such treachery, Castro announced that another 1,672 Cuban youths will soon sail to be "educated" behind the Iron Curtain. He also said that he would import 100 Soviet professors to teach Cubans a new language-Russian...

Author: /time Magazine | Title: Cuba: Hard New Life | 9/15/1961 | See Source »

...Japan, which like Britain must live on its foreign trade, increasing imports and decreasing exports ultimately spell economic disaster. Last week came news that the nation's foreign-exchange reserves had dropped more than $100 million in August alone, will have shrunk from $2 billion to $1.4 billion by the end of fiscal 1961. Frantically, Masamichi Yamagiwa, Governor of the Bank of Japan, called for import curbs and a substantial rise in Japan's already high 6.9% bank rate, to discourage businessmen from borrowing expansion capital...

Author: /time Magazine | Title: World Trade: The Overheated Boom | 9/8/1961 | See Source »

Even in Japan, where manpower is so cheap that there is little incentive to economize on wages, automation is spreading. Tokyo's Kawasaki Steel Corp. is building an electronically controlled mill that will ultimately produce steel at prices competitive with U.S. mills-even though the Japanese must import almost all their coal and ore. Other Japanese companies turn out auto parts, cameras, transistors, television sets and chocolate bars on automated equipment. Manufacturing a two-cylinder motorcycle now costs Japan's booming Honda Motor Co. (TIME, Aug. 25) no more than it used to cost to make...

Author: /time Magazine | Title: World Trade: The Automation Race | 9/1/1961 | See Source »

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