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...British, who have been importing 13,000 tons of flour a month, served notice that they would not import food for civilians after May 15. And how would Jerusalem's 100,000 Jews get their fuel oil (which comes by pipeline across Arab lands) or water (which is pumped from .the wells of Ras el Ain in Jewish Palestine through Arab territory)? Who would run and maintain railroads, the postal system, telegraphs and ports, or patrol the borders against cholera-carriers...

Author: /time Magazine | Title: PALESTINE: Even More Disrupted | 3/15/1948 | See Source »

...sharp price rise in cotton last week was also sparked by the Government. The rise was based on a deal for the Government's Export-Import Bank and private banks to extend credits of $120 million to Japan for the purchase of U.S. cotton. Next day cotton futures soared as much as $1.75 a bale, to $172.30, highest closing price in a month...

Author: /time Magazine | Title: COMMODITIES: Here Comes Clint | 3/15/1948 | See Source »

...normal course of Hollywood events, Cinemagnate David O. Selznick was rumored to have set the rent on his latest import, Italian Cinemactress Alida Valli. For one picture...

Author: /time Magazine | Title: Cinema: Cast of Characters | 3/1/1948 | See Source »

...committee compromise followed the lines of the Atomic Energy Commission, with a $20,000-a-year administrator of Cabinet rank, backed up by a bipartisan advisory board of twelve men chosen from outside the government. The administrator would have complete authority to make grants and loans (through the Export-Import Bank), would be responsible to the State Department only for mutual exchange of information...

Author: /time Magazine | Title: THE CONGRESS: Unbruised | 2/23/1948 | See Source »

There was much to-do in Washington about Canada's buying of U.S. steel, because exports to all other countries are strictly controlled while the Dominion enjoys its preferential position within the U.S. economic union. Some Senators suspected that Canada fabricated its import of steel into consumption goods for un controlled export. Replied a high Canadian official: "It's just childish to talk about lack of controls." Canada has its own, just as tough as the U.S. brand. Of the Dominion's steel exports last year, he said, 86% was in ships and machinery needed to rebuild...

Author: /time Magazine | Title: Canada: EXTERNAL AFFAIRS: 49th State? | 2/23/1948 | See Source »

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