Word: jute
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Dates: during 1950-1959
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...vast belt running across four of its northeastern states lie an estimated 20.8 billion tons of iron ore and 26 billion tons of coal. Indian steel production last year was 1,900,000 tons (v. Red China's 4,000,000 tons). Indian exports-manganese, tea from Assam, jute from Bengal and cotton cloth from Bombay and Madras-will earn about $1.3 billion this year...
...neighbor. Pakistan, is not much better off. Once the breadbasket of undivided India, Pakistan had virtually no industry. In the struggle to industrialize, Pakistan raised industrial output 285% between 1950 and 1955. But so much land was shifted out of wheat into such crops as cotton and jute for export (to get the foreign currency needed to industrialize) that Pakistan has to import grain for her rising population. Now with cotton prices down, throwing its foreign trade out of balance and forcing a cut in imports, prices in Pakistan have risen 20% in six months...
...industry as a whole appreciated the need for research, he surrounded himself with scientists, and Catini's white-coated Giacomo Fauser developed the world-famous nitrogen fixation process that made it a leader in producing nitrates and fertilizers. When bills for fertilizer bags got too high Donegani imported jute from India, made Catini Italy's biggest jute processor; when power shortages hampered production, he built his own dams and power stations. With tycoon-fitting foresight. Engineer Donegani made Catini the largest producer of power for private use in all of Europe...
...chairman in Communist China's government and widow of republican China's founder, * paid a visit to Karachi last week, practically the whole government was at the airport to greet her. So was a Soviet-bloc delegation, just arrived from Warsaw to offer industrial goods for Pakistani jute and cotton that Western markets have been slow to take. A Pakistani official called hers "a warmer reception" than Nixon or Dulles got in Pakistan...
...woolen industries, and the fishing companies," groaned Massachusetts' Democratic Representative Thomas P. O'Neill last week. He was not alone. As the U.S. House of Representatives moved toward consideration of President Eisenhower's liberalized foreign trade bill, protests against it rolled in from the Twisted Jute Packing & Oakum Institute, the Amalgamated Lace Operatives of America, the Cherry Growers & Industries Foundation and hundreds of other interests seeking to hang on to tariff protection...