Word: nationalization
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Dates: during 1950-1959
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Landing at Stanleyville in the eastern Congo, he was greeted by mobs of black-shirted Africans shouting demands for independence. The King was jostled but kept smiling as the police used tear gas to control the crowd. That night, he broadcast an appeal to the nation: "I am trying, above all, to serve your own interests. The time has come to satisfy the legitimate aspirations of the Congolese, and at the same time avoid the disappointments of uncontrolled evolution . . . Belgium spontaneously and generously calls the Congo to a near independence." One reply, scrawled with chalk on a Stanleyville wall: "Vive...
Last week the Southern California Dental Hospital stood as a glittering, $1,750,000 glass-and-marble monument to Hay's initiative. On Sunset Boulevard, hard by Los Angeles' "hospital row," it is the nation's (perhaps the world's) first hospital built exclusively for dentistry. And it was as empty as a freshly prepared dental cavity. Hay's planning had foreseen everything-except how to get patients in. Dental cowardice is a common ailment...
...Japanese had rebuilt their country so fast that they had been able to send $1.2 billion worth of investments overseas (including a Bank of Tokyo branch in Los Angeles), and had become a creditor instead of a debtor nation for the first time in history...
...workers, who labor in refineries, operating with three times their prewar capacity, and in new plastics and textile plants. To the south, the land opposite Venice's drowsy lagoon has emerged as one of Italy's top four industrial centers, producing more than 90% of the nation's aluminum; at Anzio, south of Rome, the greatest excitement since the Allied landing is Colgate-Palmolive's new $10 million soap and cosmetics plant, turning out 120 different items on a semi-automated production line. "That plant," says one admiring competitor, "is a monument to private enterprise...
...result of its economic strength, many a European nation felt confident enough to lower some of its trade barriers and chop away red tape. The Common Market (West Germany, France, Italy, The Netherlands, Belgium and Luxembourg) in its first year was such a resounding success that Britain, Portugal, Switzerland, Austria, Norway, Sweden and Denmark formed their own Outer Seven trading area to enjoy the benefits of mass markets and freer trade. Said a Common Market official in Brussels: "At the start, the politicians were for European unity, and the businessmen were very skeptical. But now it is the businessmen...