Word: state-run
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...unanimous vote, Iran's Senate last week ratified an oil pact that was a major break in the traditional fifty-fifty profit split that Middle Eastern governments give foreign prospectors. To Italy's state-run ENI and its ambitious boss. Enrico Mattei, Iran granted twelve-year drilling concessions for a strip on the Gulf of Oman, a submerged area off Abadan, and a promising 6,800-sq.-mi. area south of the fabulous Qum find (TIME, May 6). But to Iran ENI gave up to 75% of the profits from any oil find it may make...
...blunt, things are chaotic. Housing is miserable and overcrowded. Wages are so low (average: $65 a month) that many a Pole works overtime at two jobs, puts his wife and children to work, or steals what he can from the state-run enterprises, to stay alive. Gomulka had hoped that "creeping freedom" and his stand against the hated Russians would be enough to inspire the Poles to work...
...Baltic seaports to demand to know why East Germany has made good only a third of its scheduled heavy-goods deliveries to Russia in the first half of 1957. Nikita Khrushchev and Ulbricht took the main show southward on a three-day swing through the Saxon farmland. A state-run corn farm delighted him; he pointed to stalks 9 ft. high, and recommended the "king of the plants" to East Germans as "sausage on a stalk...
...step toward selling this profitable empire. Free-enterprising Economics Minister Ludwig Erhard announced that the Volkswagen auto works, the world's fourth biggest automaker (behind the U.S. Big Three), will be sold to small stockholders, and the deal will set the pattern for the later sale of other state-run giants...
...refugees who fled from Communist East Germany (over 18,000 last month) had to leave for political reasons, the West German Ministry for All-German Affairs made a detailed poll of refugee political convictions. Of the workers polled (all of whom had been employed in Communist state-run industries), 22% were still outspoken in support of Communist policy; 25% criticized some aspects of the Communist Party line and defended others; 17% were in favor of state ownership of all means of production; 25% supported "moderate" nationalization. And only 8% were for free enterprise pure and simple...