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Next day calm returned, and the delegates quietly discussed a straight-shooting definition of intervention, introduced earlier by Colombia's Turbay: supplying weapons to start a civil war, allowing the export or import of such weapons, recruiting and training revolutionaries, permitting radio or TV broadcasts that encourage rebellion in another state...

Author: /time Magazine | Title: THE AMERICAS: Foundation Stone | 8/24/1959 | See Source »

...State C. Douglas Dillon, exports will rise $1 billion in the next year, led by lower-priced U.S. cotton and the new jets. These new realities of world trade have moved the Administration to take a sterner view of foreign nations that still jealously preserve high tariffs and import quotas against dollar goods long after the need is past. At next month's annual meeting of the World Bank in Washington, the Administration will launch its strongest campaign yet to persuade other nations to ease their trade barriers against...

Author: /time Magazine | Title: Business: Pinch in Exports | 8/17/1959 | See Source »

...goes well, Spain expects that its reforms may bring in an additional $125 million a year from tourists, who will no longer buy their pesetas on the black market. The liberalizing of imports and the streamlining of the whole process of giving out import licenses should drastically cut down on the profession of smuggling, which now accounts for one-fourth of Spanish trade. Most important of all, membership in OEEC takes Spain out of limbo and into a Western Europe progressing healthily while Spain has been deteriorating economically...

Author: /time Magazine | Title: SPAIN: Out of Limbo? | 8/3/1959 | See Source »

...Romulo Betancourt asked Congress to pass into law the commission's recommendations for a "peaceful, legal and orderly reform." No drastic social surgery, the bill's sensible goal is to force untilled land into cultivation and thereby reduce the $135 million that Venezuela now spends annually to import food...

Author: /time Magazine | Title: VENEZUELA: Orderly Land Reform | 8/3/1959 | See Source »

...Central Jail, Birrell at first refused to answer questions. Having boned up thoroughly on Birrell's intricate financial machinations, Rio police were interested in his wheeler-dealing around Rio, where he tried to promote stock in a plastic company and import seven cars as personal baggage (including Cadillacs worth $14,000 each in Rio). As the police frisked Birrell, they found a fresh charge in his left coat pocket: a Canadian passport he had used for false entry into Brazil only a week before...

Author: /time Magazine | Title: HIGH FINANCE: Broken, Broken, Broken | 8/3/1959 | See Source »

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