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...with the Huks. It was a lulu. The program : 1) organize a unit of Negrito tribesmen to clean the Huks out of three major provinces ("The Negritos," said Magsaysay, "know the mountains better and are more deadly with the bow & arrow than the Huks are with a gun"); 2) import some bloodhounds from the U.S. to help track the Huks through the jungles; 3) dump all captured and surrendered Huks on an uninhabited island and there teach them the democratic way of life...
...less apparent but no less potent price-boosting force, especially on imported goods, was the new foreign-exchange schedule of the peso announced by Finance Minister Alfredo Gómez Morales. The most spectacular jump was in the free market rate, which went from 9 to 14.25 to the dollar. At the same time, many import restrictions were taken...
...President recounted the happy details of Mexico's new prosperity: production and employment up, aftosa finally defeated, agriculture thriving. Then he paused, cleared his throat and in a dramatic voice announced the day's special surprise: "Only today we have been informed that the [U.S.] Export-Import Bank has assigned $150 million for our credit ... to be applied to railway improvements, highways, agricultural works including irrigation, and the expansion of electric power and communications."* The news of the biggest single U.S. loan to a Latin American republic in five years, kept secret till that moment so that Mexico...
...good for Australia, such prices were bad news to U.S. woolen mills, which can expect even higher prices this fall when they start bidding for fine-grade apparel wool (last week's auction was mostly limited to grade B stock). The U.S. will import more than 300 million Ibs. of wool this year; textile manufacturers fear that the skyrocketing wool prices will boost the cost of woolen cloth by about $1 a yard, tack an extra $5 on a man's good-quality suit by next spring. And last week the tight-squeezed wool market got ready...
...baseball crowd that jams Yankee Stadium for sell-out games, and only a minority of Americans-servicemen out-s'de the battle zone, families of men in action and civilians subject to military duty-were directly concerned even in a secondary way. For all its savagery and import, the Korean conflict was working little more hardship on most citizens than the Battle of Wounded Knee...