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...export drive is hampered by Japan's limited railroad and trucking facilities. A million and a half tons of goods are now piled up at railroad sidings waiting shipment to docks. To break such bottlenecks and broaden its export base, Japan will import 1,300,000 tons of steel...
...Most notable development: Chairman Eisenhower's promise that the U.S. will join in a plan to train Latin Americans in atomic-energy techniques at the Spanish-language University of Puerto Rico. But the atom's promise lies some years ahead. As the supercommittee deliberated, the U.S. Export-Import Bank met one of Latin America's most urgent needs by lending $100 million to Argentina, where the rail and highway system is near the breakdown point for lack of locomotives and trucks...
Perhaps the only weak link in almost nine centuries of tradition was 1789 when the Puseys of Pusey Manor found themselves without a male heir. Ever resourceful, they import the a nephew from France who, like a good Frenchman, adopted the family name and produced a long line of male Puseys, some of whom still live in England, some in France, and some--however remotely related--in Cambridge...
While many cottonmen cry for higher tariffs or strict import quotas, the Administration is determined not to give in. Textilemen want protection, demand restrictions on Japan, which is "flooding" domestic markets with cheap finished cotton goods, forcing the closing of some U.S. mills. Actually, Japanese exports to the U.S. are barely 2½% of the U.S. cotton-goods market. Moreover, Japan is also one of cotton's best customers, bought $120 million worth of raw cotton last year from the U.S. To still the protests, the U.S. has worked out agreements for voluntary curbs, e.g., Japan has pledged...
Ever since, business has been booming, though Gentili has been blacklisted by the U.S., and the Italian government refuses to grant him import or export licenses. He has built a fortune by arranging deals between China and Italian suppliers. Through Gentili they ship textiles, chemicals, Pharmaceuticals and other nonstrategic items, although the Milan right-wing daily, La Patria, charged that Contact Man Muratori is "a notorious trafficker in strategic materials to the Soviet bloc." Gentili repays the Reds doubly for his virtual monopoly by pouring much of his profit into the treasury of the Communist-lining Italian Socialist Party...