Word: localize
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Dates: during 1950-1959
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Frantic advocates of deep cuts are, not so strangely, very quiet on one sure way to reduce federal spending by millions of dollars. Federal pork-barrel appropriations for local projects are made under the time-honored system of "you vote for mine and I'll vote for yours." On this subject it appears that the word is "shhh...
...convertibility of profits and the original investment into dollars, and guaranteeing against war risk; 2) further, ICA has worked with different governments to reorganize their tax structures, etc. in order to further encourage incoming foreign investment; 3) ICA has adopted a policy aimed at reserving about 25% of the local currencies generated through the sale of agricultural surplus in order that the funds may be relent to private business in that country...
...largest deterrents to private foreign investments is the U.S. Government. When private capital abroad gets into local squabbles, the State Department is usually the first to "take it easy" or "do not strain relations at this time," etc. When the banana-republic dictator Nasser decided to nationalize someone else's Suez Canal, nations prepared for war in order to protect it, but we succeeded in helping to give it to the nationalizing thief...
...government for his own people; scholarly and ambitious Dr. Nnamdi ("Zik") Azikiwe, the rich and demagogic U.S.-educated favorite of some 3,000,000 Ibo tribesmen in the East; and last but far from least, the Moslem commoner Abubakar Tafawa Balewa, an oracle of moderation in a sea of local extremism, who might well wind up as Nigeria's first Prime Minister...
Democratic gains were also noted in country and local elections in every state but Utah. This was the only Western state in which the Republicans gained strength, attributable to very poor Democratic organization and the increased popularity of the GOP among the Mor-mons, who comprise two-thirds of Utah's population. Eisenhower's appointment and apparent approval of Ezra Taft Benson, a high official of the Mormon Church, as Secretary of Agriculture and of Ivy Baker Priest as Treasurer has greatly increased the power of the Republican party in Utah...