Word: minis
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...today's mini-Britain, the consensus seems to be that royalty deserves to be treated like commoners...
Congo President Joseph Mobutu last week nationalized the Union Minière du Haut-Katanga, the Belgian company that provided a living for 100,000 Congolese, accounted for about one-half of the government's revenues and 70% of the nation's foreign exchange. He thus took revenge on an institution that he held responsible for Moise Tshombe's Katanga secession in 1961, and that he charged with bilking the Congo out of its rightful share of the company's profits...
Pointed Question. The Congo will indeed be poor unless it can keep Union Minière's mines, which produce more than 6% of the world's copper and 60% of its cobalt, running efficiently. In Brussels, the company reacted by withholding more than $10 million in royalties that it owes the Congo and ceasing its tax payments, which amount to about $2,000,000 a month. It also declared that it would regard any of the copper that is purchased from Mobutu's company by other countries as stolen property to be recovered in the courts...
...rancor from past struggles, however, neither side is anxious for a real crunching showdown. While Nasser may have succeeded in running Suez without the British, Mobutu knows that keeping Union Minière's complex operations going himself would be almost impossible. He has appealed to young Belgian technicians "of good will" to stay on the job, and the company is asking its managers to cooperate for the time being in running the mines. If nothing else, Union Minière is anxious not to drive Mobutu into nationalizing other extensive enterprises in the Congo owned by its parent...
Having admitted the cost in time and money is low, the University Food Services would be wise to continue the Leverett House mini-breakfast as an experiment to be extended to other Houses as it proves its worth. The deluge of customers the UFS fears is not liable to materialize, and the moderate number of souls fortified for the day's opening hours should justify the small expense...