Word: shrunk
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...Foreign Relations. Congress should authorize U.S. membership in the proposed international Organization for Trade Cooperation and in the U.N.'s International Atomic Energy Agency. "The world has so shrunk that all free nations are our neighbors. Without cooperative neighbors, the U.S. cannot maintain its own security and welfare." Besides keeping up military assistance, the U.S. must continue to give "aid to our friends in building more productive economies...
...vacuum tubes, science has developed miniature tubes and tiny transistors no bigger than a shoelace tip to perform most of the same functions (TIME, March 12). The soldered-wire mazes of pre-war radio sets are giving way to electronic circuits printed on blotter-thin panels. Electric motors have shrunk to the size of a man's thumb, delicate gyroscopes to the size of a bottle stopper...
Even before the strike started in Italy's two biggest exchanges, Milan and Turin, it was evident that the new law might do more harm than good. Turnover on the Milan exchange, fifth most important in the world (after New York, London, Paris, Zürich), had shrunk from last year's daily average of 3,000,000 shares to 300,000 before the strike. Although Italian industry is humming at record pitch, the value of stocks listed on the Milan board has been sliced one-third (to 2 trillion lire) since the tax measure was passed...
...reason was given as the "crushing charges that have been levied against the democratic press." Translation: rising expenses have put the Communist papers into an old-fashioned capitalist cost squeeze, aggravated by reader disillusionment over destalinization. Since 1950, France's 15 Communist dailies (circ. 1,250,000) have shrunk to nine (circ...
...economic domination of Canada are largely dispelled by the government's survey. Although big U.S. investments are coming into the country, Canada's international debtor position is steadily improving. In 1926 Canadians owed $6 abroad for every $1 of their external assets. Today the external debt has shrunk to about $2 for every dollar of assets outside the country...