Word: janning
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Dates: during 1950-1959
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Using six pens to be handed out as souvenirs, President Eisenhower signed the proclamation in the White House at 12:01 p.m., Jan. 3, 1959 that admitted Alaska to the Union as the 49th state. Last state to be admitted: Arizona, Feb. 14, 1912. Reason for the precise timing: the 85th Congress expired at noon, and signature any earlier would have given Alaska's two Senators and single Representative a seniority lead on the new members of the 86th Congress...
...simultaneous plunge into limited currency convertibility taken by ten European nations (TIME, Jan. 5) was a dramatic measure of Europe's recovery from the catastrophic economic consequences of World War II. Part of Europe's new confidence in its own currency rested on a decreasing dominance of the dollar. Last year U.S. imports ran considerably above U.S. exports, with the result that $2.2 billion in gold and half a billion in dollars flowed out of the U.S. into foreign treasuries. Armed with increased gold reserves and with the knowledge that the German mark or Swiss franc is just...
...recession-83% of France's manufacturers have cut back production in recent months. De Gaulle reckoned that France must increase its investment in housing and industry in 1959, and must continue the economic development of Algeria. Yet if De Gaulle's 17.5% devaluation of the franc (TIME, Jan. 5) is to achieve its purpose of making French products internationally competitive, France cannot afford another round of inflation. De Gaulle's solution to this economic Chinese puzzle was to devise a 1959 budget that increased government investment by almost $500 million, yet sliced the anticipated deficit from...
...program will be launched by former Secretary of the Air Force Thomas K. Finletter, who will speak on "Foreign Policy--The Next Phase" in Sanders Theater, Thursday, Jan. 15. Thereafter, the Association will distribute literature and offer suggestions each week for informal discussion...
...MOSCOW, Jan. 5--The Soviet cosmic rocket Mechta lost its voice today on its plunge around...