Word: resorters
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Dates: during 1950-1959
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Having done their homework well, and being of one mind, economic ministers of the Outer Seven needed only two days last week at the Swedish resort of Saltsjoebaden to agree on the essentials of their European Free Trade Association (TIME, July 27). Member nations hope to have the final draft by October and to announce their first common tariff reductions, to be effective next July. They made no bones about their real purpose: "To facilitate negotiations" with the bigger, booming Common Market Six (France, West Germany, Italy, Benelux) and thus head off a permanent division of European trade...
...factories have never had enough raw materials, were not sensibly geared to national needs, and were too expensive to run. Exports have fallen ominously behind imports, capital has fled to safe foreign banks, and since the government is too short of cash to buy raw materials, businessmen regularly resort to the black market. Last week, becoming a full-fledged member of the Organization for European Economic Cooperation, Spain vowed to change all that...
...entitled to small plots of land and liberal government credit for equipment, seeds and fertilizer. The government will begin by parceling out its own vast holdings, most of it uncleared jungle, and will tax untilled estates so heavily that owners will be encouraged to sell. As a last resort the government will expropriate, but estates under proper cultivation will not be taken over, no matter what their size. "The law is neither leftist nor rightist," says Agriculture Minister Victor Jimenez Landinez. "It is simply just...
Swedish seaside resort of Saltsjoebaden, near Stockholm, as 79 delegates from seven nations-Britain, Norway, Sweden, Denmark, Switzerland, Austria and Portugal-gathered to put the finishing touches to their own free-trade association, known familiarly as the "Outer Seven" (though some of its members think the name invidious). Recognizing, in the words of one British official, that "we simply cannot let the Common Market Six build up walls we may never be able to scale," the Outer Seven have decided to get their commerce into step with the Common Market. Thus their draft plan envisions a tariff reduction...
Last week Tommy's parents, free on bond, appealed the case to the Washington County district court. As a last resort, they may send Tommy to a private school in St. Paul 25 miles away, but never back to public school ("It would set him back ten years"). Though their rebellion has cost them $1,000 so far, the Krals aim to establish their rights in a legal battle straight to the top. "We may have to mortgage our home," says Mary Krai. "But if it takes every penny, we will fight...