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...State Department was first stunned, then furious. Nobody had told it that McCarran would bring up his bill, or that it stood a good chance of passing. State wasn't against lending Spain the money out of the Export-Import Bank, as a straight business proposition. But, like ECA, it was flatly opposed to handing Franco $100 million to do with as he pleased. Even nations like Britain, who were wartime allies, got no such favored treatment. ECA nations had been required to sign tough bilateral treaties with the U.S., to subject their spending plans to U.S. scrutiny...

Author: /time Magazine | Title: National Affairs: A Fee for Franco? | 8/14/1950 | See Source »

...first time in ten years, American cigarettes were officially on sale in Paris last week. After about a year of negotiations, SEITA, the French government tobacco monopoly, made an agreement to import Camels (R. J. Reynolds) and Old Golds (P. Lorillard), pegged the price at 150 francs a pack, or about...

Author: /time Magazine | Title: FOREIGN TRADE: Easier on the Draw | 8/14/1950 | See Source »

Londoners wanted coconuts, but the British government forbade their import. Obabunmi Aina, a 28-year-old law student from Nigeria (where coconuts are plentiful), wanted a London apartment. He couldn't get it because the greengrocer who owned it wanted too much money. Recently the British government lifted its import ban on coconuts. Obabunmi sent a hurry call to Nigeria. Two tons of coconuts arrived in London. Customers thronged the greengrocer's shop. Mr. & Mrs. Obabunmi last week were living in the greengrocer's apartment...

Author: /time Magazine | Title: Foreign News: Free Trade | 7/24/1950 | See Source »

...full import of the U.S. State Department's attitude toward the Chinese Nationalists in recent months is measurable only in terms of the Nationalists' political position on Formosa. If this position was understood by the State Department, the State Department stands convicted of the deliberate sabotage of the Chinese government; if this position was not understood, the State Department stands convicted of avoidable ignorance...

Author: /time Magazine | Title: War: THE U.S. TRAGEDY IN FORMOSA | 7/17/1950 | See Source »

...doubt as to the import of what the U.S. and the U.N. did last week was dispelled by the world reaction. No event since V-J Day had had such an impact on world opinion...

Author: /time Magazine | Title: War: Leadership in Action | 7/10/1950 | See Source »

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