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...share of personal observations, only he spaces them days and weeks apart. Examples: "American women are pretty flat-chested, on the whole.'' "The Pacific Ocean is sort of misty, greyish." "Armenians have no backs to their heads." "I don't see why people are crazy to import French paintings when there are so many French paintings being made in America." "I like Emerson to read, I guess...

Author: /time Magazine | Title: Art: The Silent Witness | 12/24/1956 | See Source »

...pound steadied in the London money market, rose from $2.78¼ to $2.78⅝ Speculators who had been selling the pound short in the belief that it might be devalued, began withdrawing from the attack. Further indirect support is almost certain in the shape of a U.S. Export-Import Bank loan, possibly as high as $700,000,000, to help finance Britain's foreign trade...

Author: /time Magazine | Title: Business: Support for Britain | 12/24/1956 | See Source »

...million of interest due this month on past U.S. loans. There was every indication that Congress will, after some protest, grant the request. The U.S. was ready to provide the International Monetary Fund with approximately $500 million in cash. There is also talk in Washington that the U.S. Export-Import Bank might be ready to advance perhaps $200 million in loans to finance purchases of Western Hemisphere...

Author: /time Magazine | Title: FOREIGN RELATIONS: In Our Interest & Theirs | 12/17/1956 | See Source »

...slid off calamitously since they tasted freedom. Unless they spent more time in the pits and less at meetings, and unless they began obeying mine bosses' orders again, said Gomulka, Poland would not have enough coal to send abroad for the food and raw materials it must import to live on. There is "no possibility" of general wage raises in 1957, said he, without a simultaneous increase in production. But Gomulka had a special concession for the miners: since they were underpaid, their "basic wages should be appropriately raised." This did not stop absenteeism. Two days later...

Author: /time Magazine | Title: Foreign News: Crisis in Coal | 12/17/1956 | See Source »

Died. Herbert Earle Gaston, 75, onetime (1939-45) Assistant Secretary of the Treasury, later (1949-53) head of the Export-Import Bank; in Los Angeles...

Author: /time Magazine | Title: Milestones, Dec. 17, 1956 | 12/17/1956 | See Source »

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