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...honored by the biggest names of Pittsburgh on Dave McDonald Day. At home he works for the local Community Chest, the Rosalia Foundling & Maternity Hospital, Pittsburgh Symphony Orchestra and the Parents' Athletic Council of Mount Lebanon. He is a member of the Government's Export-Import Bank advisory committee, and was a member of the Randall Commission, which surveyed foreign economic policy...
ONCE printed, the magazines are sent to more than 700 distributing agencies over 400,000 miles of air routes and 200,000 miles of ocean, e.g., from the Tokyo printer to Auckland, N.Z. is an 8,200-mile airlift. Broken-field running through a maze of import controls, taxes and quotas, TLI often comes up against fluctuating money markets, which in the past year, for example, caused one nation's currency to drop from 300 to 780 to the dollar, and another's from...
TURBINE OIL DRILL, similar to one touted by Russians, will come to U.S. after all. After Dresser Industries failed to get Commerce Department permission to import high-speed Russian turbodrill in exchange for U.S. technical information (TIME, May 28), Dresser signed agreement to manufacture and market almost identical French drill supposed to cut through rock ten times faster than rotary drills...
Terbita's system was a model of simplicity. The agency would request an import license from France or Britain for some hard-to-get strategic item. With this in hand, it would then get an Italian license to export the raw materials to the allied country. But no consignment ever got to Britain or France. Either in Switzerland or in Belgium, where customs officers paid small heed to in-transit goods, the agency transshipped the stuff-from Switzerland by rail to Vienna and the East, from Antwerp by sea to Polish Gdynia...
Luckily the twelve-story, balconied Hotel El Panama, built five years ago with an Export-Import Bank loan, can luxuriously house hundreds in the presidential parties, including ambassadors attending the concurrent meeting of the Organization of American States. President Eisen hower very likely will stay at the spacious hilltop U.S. embassy residence near by, and other Presidents might also prefer their own embassies, technically native soil. But advisers, minor officials and many newsmen may wind up billeted at U.S. military posts in the Canal Zone...