Word: tariff
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Dates: during 1950-1959
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...industrial products as well as babies, the Japanese are adopting self-restraint as a national policy. Textile exports to the U.S. and Europe are voluntarily controlled to avoid provoking tariff quotas; export licenses are refused for inferior articles in an effort to upgrade the longstanding Japanese reputation for poor workmanship and imitative design. In his effort to convince the West that Japan deserves less suspicion and more comradeship, Kishi can boast that his nation is the most democratic in Asia, has the highest literacy rate, and possesses a competent work force whose real wages have risen 20% in the past...
TRADE. Commonwealth membership is a good way to hold on to markets already achieved. Loans are easier to get in prosperous Britain (see BUSINESS) than in New York, for British bankers are familiar with the problems of such places as Accra and Lagos and Colombo. Tariff preferences and unity in the sterling bloc is another bond (but Canada is a dollar area); India, Pakistan, Malaya and Ghana all keep their balances in London vaults...
Some 50,000 U.S. citizens, attending 66 celebrations across the nation (top tariff: $100 a plate), paid high tribute to Harry Truman on his 75th birthday. The No. 1 dinner, linked up with 15 other parties by a closed-circuit TV network, took place at Manhattan's Waldorf-Astoria, where about 2,000 Democratic Party faithful-plus a smattering of G.O.P. well-wishers -heard their jaunty birthday boy josh and rejoin in top form. From Detroit, Eleanor Roosevelt declared that "the character of my friend was proved on that terrible day [when F.D.R. died] . . . Later I thrilled to watch...
...abroad is foreign competition. Inland Steel's President John F. Smith Jr. told stockholders: "A Peoria house builder can buy a keg of Belgian nails for a dollar less than from a local mill''-even after shouldering shipping and insurance costs and paying the U.S. tariff...
...last monarch was Queen Liliuokalani, the buxom, strong-willed sister of Kalakaua, and, like her brother, a cultivated personage (poet, musician, composer of the famed Aloha Oe). Tough-minded Liliuokalani tried to overthrow the constitution as Hawaii plummeted into the depression that followed President McKinley's punishing tariff law on sugar. Around the rugged Queen grew secret societies such as the Annexation Club, and finally, in 1893, a Committee of Safety took possession of the government office building, formed a republic, applied to the U.S. for annexation. Five years later, to the sound of a 21-gun salute from...