Word: outs
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Dates: during 1950-1959
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By the mid-1950s, Western Europe and Japan, their economies rebuilt with U.S. help, were briskly competing with the U.S. in foreign markets, even in the U.S. home market. By last year the U.S.'s international transactions were drastically out of balance: the U.S. ran $3.4 billion in the...
To remind Western Europe and Japan that the Marshall Plan days were long since over, Anderson last month took the dust-stirring step of announcing that henceforth dollars lent to underdeveloped countries by the U.S.'s own Development Loan Fund (outgo: about $550 million a year) must be spent...
TRADE. Anderson's drive to get other industrial nations of the free world to lower their trade barriers against U.S. goods has already brought dramatic results. At the late September meeting of the World Bank-IMF, Sweden's Per Jacobsson, managing director of IMF, agreed with Anderson that...
Hours after Mathematical Physicist Charles Critchfield, 49, agreed to take over as boss of the Pentagon's Advanced Research Projects Agency (TIME, Nov. 16), he became the target for salvo after salvo of editorial and political criticism. Nobody seemed to doubt that he might be a good man to...
"Why," asked New England Missionary John Eliot in 1647, "are Strawberries sweet and Cranberries sowre?" The reason in those days was that cranberries needed sugar. But progress took care of that, and the cranberry has since nourished into a $45 million-a-year business, graced Thanksgiving tables in sauces and...