Word: stopgaps
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Dates: during 1950-1959
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...from Washington last week. Because of lagging coffee exports, the country was desperately short of dollars. Fortnight ago. the government cut the minimum coffee-export price from 65.7? a lb. to 53.8?-a measure that should eventually revive exports and bring in more dollars. Meanwhile, Brazil urgently needed a stopgap dollar loan. Heeding the call for help, U.S. Assistant Secretary of State Henry Holland interrupted his visit to Cuba with Vice President Richard Nixon, flew to Rio. In less than 24 hours, Washington's Export-Import Bank announced a new $75 million credit to Brazil to finance essential imports...
...Yale Daily News has given the program its blessing with the comment that the plan "will help establish the tradition which the colleges must eventually have." However, the college daily reserves final judgment on the new procedure, which it terms a "wonderful stopgap measure.... If the University does not make sure to use it as a starting point for other changes the colleges might be permanently reduced to the status of glorified dormitories," the paper warns...
...Colonel Carlos Castillo Armas gained power, he suspended the sweeping land-reform program under which the old regime expropriated a fifth (1,600,000 acres) of Guatemala's arable land and handed it over to 83,275 landless peasants. Last week the new President laid down a stopgap program of his own for dealing with the most explosive of Guatemala's problems. Drawn up by Jorge Skinner Klee, 32, a lawyer who took postgraduate work (in anthropology) at Northwestern, the President's decree appears to accept land reform in Guatemala as a necessity, and undertakes to consolidate...
...important as the fact that Sino-Japanese trade would also strengthen Japan. Said Kumaichi Yamamoto, a conservative ex-diplomat and now head of the Japan-Red China Trade Promotion Society: "We are moving inevitably towards increased trade with China. This cannot be prevented by the Americans with stopgap money grants or any other kind of economic aid. The U.S. should realize that she stands to gain more by supporting trade instead of thwarting...
...reserves. In a pinch, they can cut the number of short-term Treasury bills sold each week (normally $1.5 billion), meet day-to-day expenses by dipping into the Treasury's $5 billion in cash balance and its $1 billion reserve of gold bullion. But both are only stopgap maneuvers...