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...Cutting tariffs between the six nations by 30% in the next four years, and gradual elimination, over a maximum period of 15 years, of all tariffs and import quotas between them...

Author: /time Magazine | Title: WESTERN EUROPE: Third Chance | 1/28/1957 | See Source »

...Waltz of the Toreadors is an import from London, not Madrid. (The Spanish know better.) There is a lot of frank talk about sex, at the Colonial...

Author: NO WRITER ATTRIBUTED | Title: WEEKEND EVENTS | 1/11/1957 | See Source »

...trans-Andean jungle. Only last month the government sadly announced that not a drop of oil had been found in four years of drilling the once-promising Sechura Desert on the Pacific Coast. Though still a producer (from the waning field at Talara), Peru will have to import oil soon unless new fields are found...

Author: /time Magazine | Title: THE AMERICAS: All for Oil | 1/7/1957 | See Source »

...Middle East). They understood that the alliance stands as firm as ever in the geographical limits of its primary purpose-the defense of Europe-and that Britain remains the U.S.'s closest friend by blood, interests and sentiment. This fact was underlined last week when the U.S.Export-Import Bank granted Britain a $500 million loan (at 4½% interest) to help Britain through its post-Suez crisis...

Author: /time Magazine | Title: ALLIANCES: Sense of Change | 12/31/1956 | See Source »

...their prosperity, Canada's consumers and businessmen developed a tremendous foreign-buying urge. They spent a record $5.8 billion outside their country for consumer goods and industrial equipment, running up an import bill that was a full $1 billion higher than the country's export earnings. Such a trade deficit could have been ruinous to a less prosperous country, but Canada took it in stride: the heavy flow of foreign (mostly U.S.) investment offset the drain on gold and dollar reserves. As the year ended, Canada's currency position was so strong that the Canadian dollar rose...

Author: /time Magazine | Title: CANADA: Year of Plenty | 12/31/1956 | See Source »

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