Word: market
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Dates: during 1950-1959
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...Dream of the Franks. The timing of convertibility was largely determined by the other major event of the week, the planned birth on New Year's Day of the European Common Market. The boundaries of this new entity are roughly those of Charlemagne's Europe (Charlemagne ruled more of Germany, but only half of Italy). But this new super customs union, among states which remain politically sovereign, has a power potential undreamed of by the 9th century Franks. The 166 million people of the Common Market nations produce more steel than Soviet Russia, do more of the world...
...French Medical Academy-Debré is a singleminded, fire-eating French nationalist. One of France's loudest opponents of the ill-fated European Defense Community, he has long been vocally suspicious of U.S. policy toward France, still opposes the idea of European political unity inherent in the Common Market. He believes that De Gaulle's mandate was not a right-wing but a nationalist phenomenon. He would like to see De Gaulle function as a kind of Roman-style elected dictator-with-a-time-limit. In this he is more extreme than De Gaulle himself. But as Premier...
...socialist country, Gomulka must do a delicate dance. Just before his Moscow trip last fall, he proclaimed that renewed collectivization "is inevitable." Immediately, private farmers began slaughtering livestock to avoid being forced to turn it over to the state. They sold so many calves on the open market that Poland, glutted with meat in 1958, faces a meat shortage...
...desperate effort to stop the trend, the government announced last week that it would pay up to 36% higher prices for compulsory livestock deliveries. But the government's prices are still far below the free market prices. Gomulka is caught in a dilemma: he cannot go on as a leader of a socialist country whose farm sector is only 1% socialist; yet every time he breathes too strongly in the socialist direction, the peasantry resists...
...content to have captured the bulk of the pop record market with their singing, the industry's goslings have lately turned to the menacing practice of writing and warbling their own tunes. Paul Anka, 17, a Canadian boy with a voice like a grouse's cry and a compositional style to match, wrote and recorded (for ABC-Paramount) an amatory yawp of pain entitled So It's Goodbye, saw it become a favorite of the jukebox set. A carrot-haired New Jersey girl named Beverly Ross, 22, deserted the chicken farm where she grew up, traveled...