Word: pers
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Dates: during 1950-1959
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Abdul Rahman's campaigning was aided by Malaya's flourishing economy. The federation produces almost a third of the world's natural rubber and tin; its per capita income ($350) is the highest in Asia, and it boasts one telephone for every 100 persons (U.S. ratio: one for every 2½). With the ten-year-old Communist insurrection spluttering into oblivion in the northern jungles and with the nation's rice crop the largest in its history, voters swarmed to the polls last week on foot, and by car, boat, pedicab and elephant. The result...
...affect his art. "The man in the street," he would say, thrusting out his low er lip like a rain spout, "is a fool. And I care not a whit for his opinions." Asked his opinion of other sculptors, the big man in the long-billed baseball cap would per mit himself a little twist . of a smile : "When I want to see a great sculptor, I have to look in the mirror." Critics and collectors often agreed with Epstein's self-appraisal, kept him comfort ably supplied with commissions. He proved himself the greatest portraitist of modern sculpture...
...Europe's citadel of unfettered free enterprise and trade liberalism, West Germany has been acting mighty odd. In the latest of a series of attempts to set prices and regulate trade, roly-poly Economics Minister Ludwig Erhard last week announced a stiff tax on fuel oil: $7.14 per metric ton (about $1 per bbl.). The punitive tax, which Erhard himself describes as a "sin" against his free-market theories, is designed to discourage the use of oil, thus ease Germany's steadily mounting coal surplus of 17 million tons...
...will replace another government attempt to reduce oil use by setting up an oil cartel. Under the cartel, which Erhard also admitted was one of his little sins, major oil companies last December were pressured by Bonn to fix prices at $22 per metric ton (about $3 per bbl.) and not to advertise. But cheaper oil flooded in from neighboring nations and Iron Curtain lands. Small, noncartel companies cut oil prices as low as $15 per ton, tripled their market share to 25%. Last week giant Esso A.G., a subsidiary of Standard Oil Co. (New Jersey), alarmed because its share...
Other German attempts to prop coal have also flopped. Last February Bonn put a $4.76-per-ton tariff on all coal imports exceeding 5,000,000 tons a year, mostly from the U.S. That only irritated U.S. producers. The tariff halved imports from the U.S. to 3,100,000 tons in the first six months of 1959, but German surpluses went up by almost 5,000,000 tons...