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...Announced that he was setting up a federal interagency committee to study problems of the import-harassed U.S. textile industry, expects a report before the beginning of Congress' 1960 session...
...other self-indulgences institutionalized by Demagogue Juan Perón. Item: per capita gross national product had remained stationary for four years. Item: though Argentina ranked ninth in the world in oil reserves, the inefficient, 37-year-old national oil monopoly forced it to spend $300 million annually to import petroleum and refined products...
...Burdened? The U.S. has done much. Last year the lending power of the Export-Import Bank (which does 40% of its business in Latin America) was boosted from $5 billion to $7 billion. The U.S. agreed before last week's meeting to contribute a major share in the initial $1 billion capitalization of a new Inter-American Development Bank. But the U.S.'s Delegate Thomas Mann, Assistant Secretary of State for Economic Affairs, pointing to "the very heavy burden which the American taxpayer today bears in order to create a defensive shield...
...cried the Dutchman when he saw Sooi, "have you got a license to import those pigs?" Retorted Sooi: "I am on Belgian soil-Hertog soil." It soon turned out that in a way he was right: in their treaty of 1843 Holland and Belgium had decided that the land in question was Dutch, but because of an error of a sleepy clerk, it was listed as Belgian-as Sooi subsequently proved in court...
...Adenauer switch is especially significant for it comes at a time when external crisis adds to the import of internal transition. As has been so often the case with Germany, developments in foreign affairs will strongly condition domestic politics...