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Word: panama (lookup in dictionary) (lookup stats)
Dates: during 1960-1969
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Usage:

Last week Panama's President Roberto Chiari, 57, a businessman with a knack for negotiating, flew into Washington to discuss the issue with President Kennedy...

Author: /time Magazine | Title: Panama: Still & Forever | 6/22/1962 | See Source »

...blessing of geography and the pugnacious foresight of Teddy Roosevelt gave the Republic of Panama its No. 1 asset-the Panama Canal. Under a historic treaty, signed in 1903 and renegotiated in 1955, the U.S., which has spent more than $1.5 billion to build and improve the canal, retains control over the vital Atlantic-Pacific seaway "in perpetuity." This point has long galled the nationalistic Panamanians and has touched off anti-American riots throughout Panama...

Author: /time Magazine | Title: Panama: Still & Forever | 6/22/1962 | See Source »

Expand & Improve. The Panamanians want a substantial increase in tolls. Arguing that the charges (about $4,700 per ship on the average) are out of line with modern shipping costs, Chiari would like the U.S. to raise tolls and give Panama 20% of total revenues. The U.S. spends all of the $5,000,000 annual profit on canal expansion and improvement...

Author: /time Magazine | Title: Panama: Still & Forever | 6/22/1962 | See Source »

Sacrificing the Market. Few businessmen are prepared to defend publicly the increasingly popular U.S. corporate practice of funneling foreign earnings into semifictional subsidiaries in such low-tax areas as Switzerland, Liberia, Panama, Bermuda or the Bahamas. In the single year of 1960, the undistributed earnings of U.S. subsidiaries in such tax havens increased by 100% to $122 million. But businessmen argue that passing the new tax bill to get at the tax havens would amount to rolling out a cannon to kill a mouse. The Government would gain perhaps $85 million a year in tax revenues, but in doing...

Author: /time Magazine | Title: Public Policy: Those Foreign Profits | 5/25/1962 | See Source »

...Really Trying; fiction: Edwin O'Connor's The Edge of Sadness; nonfiction: Theodore H. White's The Making of the President 1960; history: Lawrence Gibson's The Triumphant Empire; verse: Alan Dugan; music: Robert Ward's opera, The Crucible; public service by a newspaper: Panama City (Fla.) News-Herald; editorial writing: Thomas Storke of the Santa Barbara (Calif.) News-Press; local reporting under deadline: Robert Mullins of the Salt Lake City Deseret News-Telegram; local reporting not under deadline: George Bliss of the Chicago Tribune; national reporting: Nathan Caldwell and Gene Graham of the Nashville...

Author: /time Magazine | Title: The Press: Hail to the Loser | 5/18/1962 | See Source »

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