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...Administration case, arguing for reciprocal trade in terms of free-world strength and solidarity. On the floor of the House that year, a single vote saved the reciprocal trade bill from butchery by amendment. Facing an even rougher fight this year because of recession at home and keener import competition from abroad, Eisenhower & Co. decided to switch the task of defending reciprocal trade from
...each other, since neither side has enough warships or transports to mount an invasion. The rebels have no aircraft at all; the central government has only a few, with perhaps several hundred paratroopers. Java has more population (54 million, v. Sumatra's 12 million). But Java must import even its food, is already in serious economic difficulties. Sumatra is rich in rubber, tin and coffee, provides some 72% of Indonesia's export revenues, v. Java's 17%. The rebel government made clear that its pressure on Djakarta would be primarily economic. As a beginning, it ordered Sumatra...
...then distribute the stock to United stockholders; or 2) sell a partial interest in the subsidiary to a buyer willing to invest at least $1,000,000 and distribute the rest of the subsidiary to United stockholders; or 3) sell outright enough assets for a purchaser to import the required 9,000,000 stems a year. United may not hold an interest in the purchaser, nor may Standard Fruit & Steamship, its major rival, which now has 18% of the U.S. market...
TANKER CUTBACKS are hitting U.S. shipyards because oil-import curbs have slashed ship charter prices. At Newport News, Bethlehem and Sun yards, $130 million in ships ordered by independent Greek contractors (Onassis, Livanos, Goulandris) has been canceled...
...told, Mattei's ENI produces only 200,000 tons of oil a year in all of Sicily and Italy, and Italy must spend $510 million to import enough oil for its needs. From its Ragusa field alone Gulf expects to produce 1,600,000 tons this year, eight times as much...