Word: ownership
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Dates: during 1950-1959
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...distribution machinery, i.e., 1,718 miles of British-built pipeline and 147 British-owned tankers. The crucial issue: Mossadeq wants British technical assistance to run the fields, without strings attached; the British are willing to offer technical assistance, but only in exchange for certain concessions e.g. continued part ownership...
Britain's effort to do business with Mao Tse-tung & Co. suffered a rebuff. British authorities in Hong Kong had seized an oil tanker whose ownership was in dispute between Red China and the Nationalists. In retaliation, Peking confiscated the property of the British Shell Company of China (which has installations in Shanghai, Canton, Tientsin, Amoy & Hankow). In London, a Tory bigwig huffed: "Palmerston would have sent a gunboat at once." But a Labor policymaker tut-tutted: "We must not be the ones to set the east aflame-or to turn that heat against the west. Patience, unending patience...
...Eccles, member of the Federal Reserve Board, joined those who thought RFC ought to go. "There is no real place in a private-enterprise economy for direct governmental lending to the private economy," Eccles told a Senate committee, "any more than there is a place for direct Government ownership of the means of production." Eccles had once supported Government loans to fill "gaps" in the private credit structure, but in these days, with so much available credit around, he felt they were "socialistic," a threat to the free-enterprise system, and unnecessary...
...last year. Altogether, U.S. interests in Canada today come to nearly $7 billion-33% of all U.S. foreign investments. Americans directly control at least 25% of Canadian manufacturing industry. And they own major chunks of most of the Dominion's greatest industrial mammoths. Since 1944 for example, U.S. ownership of voting stock in the Canadian Pacific Railway has climbed from...
...last week White House Stenographer Lauretta Young put on the cloth coat she had been conspicuously wearing of late, and quit her job. Her ownership of an $8,540 royal pastel mink coat, which was conveniently financed by a Washington attorney who specialized in federal contacts, titillated the Senate investigation into RFC influence-peddling last month (TIME, March 12). To hear Presidential Secretary Joe Short tell it, Mrs. Young (after working for Harry Truman since his senatorial days) had simply decided "to devote more time to domestic duties...