Word: protectionists
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Razing Walls. While the Common Market has given challenge and impetus to Greek businessmen, they admittedly face some stern readjustments in their cherished protectionist attitude. Greek tariff walls, rising as high as 280%, have created what one top Greek economist, finding a Greek-originated word for it, calls a "prophylactic economy." The Greek rendezvous with Common Market free trade and industrialization is a unique experiment, with perils and promise. Says Banker John Pesmazoglu, Greece's Common Market negotiator: "What our treaty amounts to is a test case for the Common Market and for the free world. Greece must...
...luncheon audience that included Henry Ford II, G.M. Chairman Frederic Donner and Chrysler's President Lynn Townsend, he urged U.S. and foreign automakers to make common cause in ending all trade barriers in the free world. "I look with the same great concern as you do on the protectionist thinking of certain high-tariff groups within the Common Market countries," said Nordhoff. "The Common Market is not something to be used as a third force between America and Russia. It is part of the free world . . . and the free world must trade as freely as it communicates, without selfish...
...Washington, Dirksen spent his evenings at law school, and after one or two tries passed the bar. In the House, he took Republican Whip Joe Martin's advice, kept his nose clean and worked hard. Though he counted himself a conservative, a protectionist and an isolationist, he hewed to no strict party line, voted "aye" on a number of F.D.R.'s New Deal programs. He voted against both Lend-Lease and extending the draft, but he changed his mind in September 1941, when he exhorted the Congress to show a ''unity of purpose'' behind...
...convention. "It would appear," he said later, "that the people did not realize what a superior product was being offered them." Mainly, he is noted in the Senate for his pungent rhetoric. For years he has sparred with Illinois' doughty Democrat Paul Douglas. In 1958, as Protectionist Kerr was reading into the Congressional Record a list of industries whose tariffs he felt were detrimental to Oklahoma's welfare, Douglas rose to ask whether the Pregnant Mares' Urine Association was on the list. Replied Kerr: "No, but I know that the Senator from Illinois, being an authority...
...Government for the past decade has tried to cope with this situation by means of what C.E.D. calls a ''protectionist approach"-a web of price supports and production controls designed to keep farm incomes up and output down (TIME, June 29). But this approach has failed: despite the burdensome costs of U.S. farm programs, farm incomes have lagged substantially behind the growth of U.S. per capita income...