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...Sept. 1, the U.S. Government will lift its ban on the import of cattle and meat products from Mexico. The embargo was imposed five years ago after foot-and-mouth disease broke out in Mexico and threatened to spread across the border. About 500,000 head of cattle will be shipped north in the first year of renewed trade. At current prices that should be worth some $140 million to Mexico...

Author: /time Magazine | Title: MEXICO: Beef for the North | 8/18/1952 | See Source »

...plants, food-freezing and road-construction companies. Famed Berlin Restaurant Proprietor Otto Horcher, who once served Göring and Goebbels, now has his own restaurant in Madrid; his food ranks with the best in Europe. SS Colonel Eugen Dollmann, Himmler's onetime personal representative, is opening an import-export business in San Sebastian. Former Gestapo Officer Ernst Hammes has a de luxe gift shop in Madrid's fashionable Serrano district. Scarfaced SS Colonel Otto Skorzeny, daredevil paratrooper who snatched Mussolini from his mountain prison in 1943, and dressed his killers in U.S. uniforms during the Bulge breakthrough...

Author: /time Magazine | Title: SPAIN: Accounts Overdue | 8/11/1952 | See Source »

...insufficient honor." The law helped the Nazis take over Germany's banking system. A month ago, Schacht, now a persimmon-faced 75, survivor of the Nürnberg war criminal trials and of denazification courts, asked the Hamburg Central State Bank for a license to establish an import-export bank under the name Hjalmar Schacht & Co. (capital: 1,000,000 Deutsche marks). Last week the decision was in. The Hamburg senate had refused Schacht his license, under the old 1934 law. Grounds: "insufficient honor...

Author: /time Magazine | Title: Foreign News: Question of Honor | 8/4/1952 | See Source »

...needed was a good local bank, to issue loans, cash IOUs and convert one man's lire into another man's pounds. Marshall Planner Paul G. Hoffman proposed the European Payments Union (EPU), to do two things: 1) "liberalize" European trade by curing its ancient plague of import quotas and exchange controls; 2) act as a central clearinghouse through which the 18 Marshall Plan countries could make all their trading payments. The U.S. put up $350 million to get the bank started; 18 members opened accounts, and EPU was in business, with a two-year lease...

Author: /time Magazine | Title: WESTERN EUROPE: Billion-Dollar Poker | 7/21/1952 | See Source »

...income for eight years. The bill was carefully itemized. One-third was to be paid in the woodworking products which made up 80% of Finland's export earnings. Another third was to be paid in ships and cables, for which Finland would have to build new yards and import vast quantities of raw materials. The remaining third was to be paid in the products of heavy industry, for which Finland possessed neither the plants nor the material...

Author: /time Magazine | Title: Foreign News: Sisu | 7/21/1952 | See Source »

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