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Dulles' outline left many a gap and blank to be filled in. One gap was soon pointed out by Export-Import Bank President Samuel C. Waugh. Would the fund's easy terms undermine the businesslike hard loans that both the Export-Import Bank and World Bank are trying to make the basis for sound international development? "Soft" loans, Waugh told the Senate committee, could "imperil the status of any loans made on a strictly banking basis." Also missing from the plan was any proposal for legislation to encourage private investment abroad...

Author: /time Magazine | Title: FOREIGN AID: To Keep Hope Alive | 4/22/1957 | See Source »

...first overtime period only pushed the tie to 113-113. In the second overtime, the Celtics finally decided that if St. Louis was going to steal their strategy, they might as well try the one trick that had always worked for the Hawks. With their San Francisco import, big Bill Russell, grabbing every rebound in reach, the Celtics moved in front. There they stayed. For the first time in eleven years, the Boston Celtics won the world series of basketball, and they won St. Louis style...

Author: /time Magazine | Title: Sport: Switch in Style | 4/22/1957 | See Source »

ITALY'S FIRST SUPERMARKET is doing such a booming business that five new ones will be started in Rome this year. In June Romans will try another U.S. import-Italy's first drivein theater, with space for 560 cars, plus carhop snack service, automatic washing machines to do the laundry while family watches film...

Author: /time Magazine | Title: Business: TIME CLOCK, Apr. 15, 1957 | 4/15/1957 | See Source »

...Although very decidedly operatic, this work is not an opera in the grand manner. While all dialogue is sung, most of it is in prose, and the music generally serves to underline rather than to support the overall effect. This effect is a somber one, ultimately rising to tragic import...

Author: By Thomas K. Schwabacher, | Title: The Medium and The Telephone | 4/12/1957 | See Source »

...this desperate corner, Banker Verrier proposes austere terms. He wants to 1) keep wages frozen but abolish most price controls, 2) remove all subsidies, in particular the $100 million annual handout to the railroads, and 3) import capital goods freely but cut imports of consumer goods. Otherwise, he warns, the government will be forced to grind out enough printing-press money to make ends meet...

Author: /time Magazine | Title: ARGENTINA: Going for Broke | 4/1/1957 | See Source »

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