Word: ownership
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Dates: during 1950-1959
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...patient, quieting influence, calming those in Britain and France who talked of force. It was U.S. Secretary of State John Foster Dulles who mustered 18 maritime nations behind a mild U.S. plan to put the key waterway under a form of international supervision while acknowledging Egypt's ownership. Dulles sent the State Department's ace Middle East troubleshooter, Loy Henderson, to Cairo on a five-nation committee "to present and explain" the U.S. plan to Egypt's President Nasser...
...evidence that the U.S. consumer is an amazingly reliable credit risk, with repossessions running at the scanty rate of 1.18% of loans. Furthermore, credit statistics are misleading, since they conceal the fact that many new consumer debts are new obligations in name only. The vast postwar increase in home ownership, for example, means that millions of families pay the banker instead of the landlord; when a family buys a car or a TV set, its cash outlay for public transportation or entertainment decreases. Moreover, while the U.S. citizen in 1956 owes more, he also owns more. Per-capita savings have...
...London conference? "I don't know what to expect. We had a reply today from Monsieur Pineau in his speech. He said he would agree to our ownership of the canal if we would agree to internationalize it." Nasser leaned back laughing, and lit up an L & M cigarette...
Last week the U.S. and Canada moved to straighten out the legal kink. U.S. Ambassador Livingston Merchant and Finance Minister Walter Harris signed a treaty in Ottawa lowering the 95% requirement on foreign ownership to 51%. When the treaty is ratified by Parliament and Congress, probably at their next sessions, U.S. firms in Canada will be permitted to sell up to 49% of their stock in the country where they do business and still qualify for the low 5% dividend tax rate. Canadians will then be able-and probably will be urged-to make a tenfold increase in their investment...
...then does Russia earn its welcome? Though private enterprise still has a vital stake in India's backward economy, the government is heavily committed to state ownership of industry and natural resources. Thus Russia, the first socialist state to emerge as a major industrial power, is solicitously helpful in mapping a nationalized economy for India. U.S. pharmaceutical firms have long been anxious to build plants in India, but have balked at the prospect of investing money and technical secrets in a government-controlled industry. Last week the government announced that a ten-man Indian delegation would leave soon...