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...White House dinner, after a Manhattan ticker-tape parade, their smiles came naturally and easily and their moods were clearly carefree. A 45-minute conference with Ike stretched Lemus' smile even wider. Ike told him, said Lemus, that the U.S. was considering "with sympathy" the establishment of U.S. import quotas for coffee that is piled mountain-high in surplus storage warehouses in such exporting nations as his throughout the hemisphere...

Author: /time Magazine | Title: THE AMERICAS: Coffee Smiles | 3/23/1959 | See Source »

...base at Gander airport, the province appears to be little more than a barren rock jutting out into the North Atlantic sea and air lanes. It is a land of clammy summer fogs and lashing North Atlantic storms; its climate and soil are so forbidding that the islanders must import a full 90% of their food. St. John's was the last spot of North American soil that Charles Lindbergh glimpsed as he headed eastward in his epic flight to Paris; from Newfoundland's Signal Hill Marconi received the first transatlantic radio message...

Author: /time Magazine | Title: CANADA: Anniversary Crisis | 3/23/1959 | See Source »

...integrated oil companies, who do most of the importing, scoffed at this reasoning, since the order also restricts oil from Canada, which is highly unlikely to be cut off by war. If the U.S. needs a big hoard, they argued, it should import more rather than less, keep its own oil for emergencies. They called the mandatory order, which will boost the price of oil, simply a protectionist victory for the hard-lobbying Texas independent oilmen. What worried free traders everywhere was whether the quotas would open the door to new protectionism for other industries, under the guise of "national...

Author: /time Magazine | Title: THE NEW PROTECTIONISM | 3/23/1959 | See Source »

...Government moved a step closer to mandatory controls of oil imports. In its report last week to President Eisenhower, the Office of Civil and Defense Mobilization recommended a new compulsory import schedule to replace the voluntary curbs, which OCDM apparently felt have not cut imports enough...

Author: /time Magazine | Title: OIL: Mandatory Controls? | 3/9/1959 | See Source »

...President extended the voluntary program till March 10, while he and his special Cabinet committee on oil imports study the OCDM recommendations. These are reported to include a limit on imports of crude oil and other petroleum products of 1,025,000 bbl. daily, compared to 1,113,600 bbl. daily under the voluntary system. The compulsory scheme would be enforced by a Government administrative agency. Other recommendations made by OCDM reportedly call for1) a sliding scale of import quotas for smaller oil companies, based on the imports between March1 and Sept.1, 1958; 2) no cuts of more than...

Author: /time Magazine | Title: OIL: Mandatory Controls? | 3/9/1959 | See Source »

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