Word: supported
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Dates: during 1950-1959
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Kickback: 20%. The trouble can be traced to the days in 1955 when Communist armies of the Viet Minh hovered on Laos' borders after the French debacle at Dienbienphu. With the French withdrawing financial support, the urgent necessity was to keep the 25,000-man Laotian army in the field. In a hastily drawn agreement, the U.S. committed itself to exchange dollars for Laotian kip at the rate...
...primary purpose was to supply kip to pay and support the army. But in the two years since then, as the U.S. steadily broadened its aid program, the free rate has soared as high as 120 kip for $1 in the markets of Vientiane, Bangkok and Hong Kong. The disparity between official and free-exchange rates has become an open invitation to speculators. The system works this way: a Laotian importer wants to bring in 20 radios at a unit cost of $50 each. He gets an import license for $1,000 worth of radios from the Laotian government...
Sporadic War. There is no question that Laos needs aid. Of the $43 million allocated for this year, about two-thirds is direct military aid for support of the army, which has been fighting to regain two northeastern provinces occupied by the Communist Pathet Lao forces after the Geneva conference. The basically pro-Western government of Premier Souvanna Phouma has shown itself increasingly aware of the extent to which both corruption and the artificial exchange rate are damaging both Laos and the U.S. attempts to aid it. Last week U.S. Ambassador J. Graham Parsons flew back from Washington...
...planning and unruffled firmness. To keep fhe threatened 48-hour walkout within bounds, he alerted 50,000 troops and policemen, more than were called out for last month's 24-hour stoppage (TIME, Oct. 7). He warned workers in advance that strikers could legally be fired, enlisted the support of 40 non-Peronista unions to denounce the strike as nothing more than a political maneuver...
...must increase its support of basic scientific research if it does not want to fall behind Soviet Russia in both pure science and the practical technology that is based upon it. This is the considered opinion of the Government-supported National Science Foundation, which last week issued a 64-page report called Basic Research-A National Resource...