Word: quota
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Dates: during 1950-1959
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...help tide Turkey over its exchange shortage, the International Monetary Fund last week broke its rule limiting purchases of any nation's currency in a single year to 25% of that nation's quota. It bought $20 million worth of Turkish lire, 46.5% of Turkey's quota, in exchange for $10 million in U.S. dollars, two million British pounds and 18 million West German marks, currencies that Turkey has not been able to earn in trade...
...impressed by Allen Dulles, who runs the agency smoothly and with apparently inexhaustible energy. Dulles is in his office every morning by 8 o'clock, often works through till 11 at night. Though he is burdened with the reading of a staggering number of documents and the usual quota of time-consuming conferences (including a weekly meeting of the National Security Council), Dulles manages to see scores of visitors every day, ranging from foreign ambassadors to secret agents. To avoid embarrassing confrontations, Dulles' visitors are frequently dispersed among a number of nearby offices, with Dulles himself moving from...
...Sailor Bill Taylor, managing editor of Yachting* conceived a plan for racing dinghies in the winter, dubbed it "frostbite" racing. This chilly, spray-dashed sport, with its quota of icy dunkings, takes place on days when even the most avid snowbird golfer or polar bear swimmer sits by the fire...
Benson was forced to act under the present farm law, which requires a quota proclamation if indicated wheat supplies are 20% above "normal" domestic and foreign demand. Just the day before, Dwight Eisenhower had signed a bill to raise the minimum permissible acreage from 55 million to 62 million acres. Benson said he set the 1954 allotment at the new minimum because the indicated wheat supply would set a record high...
...wheat-quota decision is only one instance in which Secretary Benson has been forced to sacrifice principle. He is the victim of an ever-mounting headache created by high, rigid price supports. The supports encourage farmers to overproduce; overproduction menaces prices; falling prices lead to more support and/or quota restrictions on production. Because of falling prices and the demands of dairy farmers, Benson continued dairy price supports at 90% of parity. As a result of the drought in the Southwest, he moved in to hold up the cattle market. To prevent a glut in cotton, he will almost certainly have...