Word: minis
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Dates: during 1950-1959
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...Union Miniére du Haute-Katanga (UMHK) has a concession of 13,000 sq. mi., larger than Belgium itself. It pays its principal stockholder, the government, $50 million a year in taxes, its private investors $25 million. Then there is Huilever, which has a palm-oil concession of more than 4,000,000 acres...
...told, five big companies control about 90% of the Congo's capital investment. They treat their Bantu workers with the same assiduous paternalism shown by the Congo state. For its 63,000 black dependents, the Union Minière furnishes attractive brick bungalows and good schools, prenatal care and milk for mothers and children, medals for the men who excel at their work in the mines. "This is capitalism as it works in the Congo," said one industrialist proudly...
...Amsterdam Stock Exchange, the general stock index stood last week at 229.27, up 60 points in a year. Giant Phillips Electric was up 64%; Royal Dutch Shell was up 53%. In Belgium, prices were at their highest levels since World War II, led by such stocks as Union Minière (mining), up 80% to $945, and the holding company Société Générale...
...where winning or losing may depend on finding out what is in an opponent's mind and concealing what is in one's own, is far more difficult to cope with theoretically. Von Neumann gets at the heart of the strategic conflict through the concept of "Mini-max," the point where the most gain that A can be sure of making meets the amount that B can be sure of limiting A to. Von Neumann's theory of games was developed as part of an effort to understand the economic behavior of individuals in buying-selling...
...itself to defend precarious and far-off regimes on Asia's southern shores. France wants to include Indo-China in the area protected by the alliance; Britain says it is already too late. Out of such a conglomeration is apt to come a maximum of rhetoric and a mini mum of commitment...