Word: lateness
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Dates: during 1950-1959
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...Change. Besides the inherent difficulties of the task, Anderson has to contend with a widespread failure, at home and abroad, to grasp how radically the world economic picture has changed over the years since World War II. Back in the late 1940s, the U.S. was the principal source of the world's manufactured goods, exported far more than it imported. Result: even with U.S. tourists spending millions abroad, U.S. troops stationed around the world, U.S. Marshall Plan dollars pouring into Western Europe to rebuild shattered economies, and Point Four aid flowing to underdeveloped countries...
...International Development Association (with the U.S. contributing one-third of the capital) to make loans that, unlike World Bank loans, would be repayable in the borrowing country's own currency, no matter how soft. At the World Bank-International Monetary Fund meeting in Washington in late September, Anderson pushed the plan, won over the World Bank's soft-loan-mistrusting board of governors...
TRADE. Anderson's drive to get other industrial nations of the free world to lower their trade barriers against U.S. goods has already brought dramatic results. At the late September meeting of the World Bank-IMF, Sweden's Per Jacobsson, managing director of IMF, agreed with Anderson that the "new situation' called for a "fresh examination" of international economic policies. The IMF executive board urged member nations with adequate gold and dollar reserves to end discrimination against U.S. goods "with all feasible speed." A few days later, the meeting of the 37-nation General Agreement on Tariffs...
Along with a bottomless campaign chest, Garcia & Co. had the advantage of divided opposition: unable to agree on a joint ticket, Vice President Diosdado Macapagal, Garcia-baiting boss of the Liberal Party, and Progressive Manuel Manahan, hailed by his followers as spiritual heir to the late great President Ramon Magsaysay, abandoned their threatened coalition against Garcia. The Nacionalistas did poorly in the cities. In Manila, brash, gun-toting Arsenio Lacson, one of Garcia's archenemies, won a third term as mayor by a 2-to-1 majority; in Cebu City, Sergio Osmena Jr., son of the Philippines' wartime...
Grays, which was undefeated during the regular season and had never been scored upon more than once in a game, fought to an early lead and then held on for the rest of the game. The Bulldogs made two of their scores in a strong comeback attempt late in the second period...