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...laws, persuaded Standard-Vacuum to build a $35 million refinery near Bombay. Specifically, the government would scrap the law that Indians must own 51% of the stock of a foreign company. It would give unbreakable guarantees against nationalization for 25 years at least. The refinery will be allowed to import crude oil free of duty, and will get tariff protection...

Author: /time Magazine | Title: INDIA: Letter to Three Companies | 12/10/1951 | See Source »

...years the Israelis brought in 665,000 newcomers, more than doubling the population. It was as though the U.S. were.to import 50 million new people every year. At one point "Operation Ali Baba" was flying in 1,000 Jews a day from hostile Iraq; "Operation Magic Carpet" flew 55,000 Yemenite Jews to Israel. It was too much for the frail young country to stand...

Author: /time Magazine | Title: ISRAEL: Ingathering Restricted | 12/3/1951 | See Source »

...said that although a 12-billion-peso debt existed when he took over, Argentina "does not owe a cent to anyone" now. Fact is that Argentina owes $125 million borrowed last year from the U.S. Export-Import Bank...

Author: /time Magazine | Title: ARGENTINA: Under the Snow | 12/3/1951 | See Source »

...introduce a studium generale-a sort of core curriculum which all students will have to take. He also wants to introduce the idea of a U.S. college, setting up a model house for 150 students who will live and study together. And he is planning on one other import from his adopted homeland. "This university has more than 6,000 students," says he, "and only eight are Americans. This must be changed at once...

Author: /time Magazine | Title: Education: Yank at Bonn | 11/19/1951 | See Source »

...lost money in 1948 & '49 (reason: high-cost inventories and overproduction). She squeaked through only by wangling two RFC loans for a total of $1,600,000 (has paid off all but about $600,000). Tillie chose this poor time to launch another venture-a Texas company to import and can Mexican pineapples. Tex-Mex went bust, and Tillie says she lost $600,000 on the deal. But Flotill kept on growing...

Author: /time Magazine | Title: CORPORATIONS: Tillie's Unpunctured Romance | 11/19/1951 | See Source »

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