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...credit package made available to France $250 million from the European Payments Union and $131 million from its quota in the International Monetary Fund, enabled it to defer payments on $186 million owed to the U.S. and the Export-Import Bank during the next three years, and to pay the U.S. in francs for $88 million worth of military supplies and surplus cotton...

Author: /time Magazine | Title: FRANCE: Corner of Blue | 2/10/1958 | See Source »

...year's end some such trend was actually becoming evident, though it seemed to stem more from the recession and a falling off in the import of heavy capital equipment from the U.S. than from any government action. The Tories, who succeeded in their 7 4-months in office in doing something for almost everybody, will ask the Canadian voters for a parliamentary majority solid enough to ensure them the usual four years in power. As the campaign opened, they seemed to have a better than even chance...

Author: /time Magazine | Title: CANADA: CANADA New Election | 2/10/1958 | See Source »

...enterprise. He rewrote Turkey's laws to encourage foreign investment by such means as easy profit transfers and the promise of generous exploitation terms to anyone who found oil. He encouraged private investment in textile production and light industry. Among his first acts was abolition of the rigid import controls that the Republicans had established at the beginning of World War II. The consequence was that the Turks, starved for almost a decade for the products of Western industry, began importing huge quantities of everything from steel and cement to wire recorders and electric razors...

Author: /time Magazine | Title: TURKEY: The Impatient Builder | 2/3/1958 | See Source »

...broke his leg before even a ghoul was scored. They dropped the team, but five years ago Tom Kutis decided to try again. He built his championship team exclusively from home-town St. Louis boys, although at times he has hired a European coach. "We don't import players," says Kutis. "St. Louis boys fit in better with our aggressive, open game." Luckily for Kutis, St. Louis is one of the strongest American centers for a game that is Europe's No. 1 sport, has leagues in both the parochial and public school systems...

Author: /time Magazine | Title: Sport: Just for the Kicks | 1/27/1958 | See Source »

COPPER PRODUCERS are pressuring Congress for higher import walls. They want 4?-a-lb. tariff when prices fall to "peril point" of 30?, instead of current tariff (suspended until next July) of 1.8? a Ib. at peril point of 24?. With copper now selling at 25?, Congress is leaning toward peril-point boost, but frowns at lifting tariff itself...

Author: /time Magazine | Title: Time Clock, Jan. 27, 1958 | 1/27/1958 | See Source »

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