Word: timed
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Where U.S. troops encamp overseas for any length of time, two things often occur: coveted, cut-rate PX goods appear in the local black market, and the American boys find their way into the hearts of the local girls. South Korea, with its 50,000 G.I.s, is no exception: some $90,000 in U.S. goods vanishes monthly into Korea's flourishing black market, and in Korea no fewer than 575 Korean girls are wives of U.S. servicemen...
...make matters worse, inflation is a major threat, largely because of higher bonuses and wages that factory chiefs have been allowed to grant on their own initiative. Bungling Warsaw planners pegged meat prices so low that workers, with extra money to spend, ate more and more. At the same time, farmers' profit margins on livestock were reduced to the point where incentive to raise animals was almost destroyed. In 1959's second quarter, meat consumption increased 14% while production slumped 6.3% below 1958. Hastily, Gomulka raised meat prices 25%, but it was too late. Long queues now form...
...actually borrowed-on ?300 million security posted by Britain, to be repaid at 4.5% in ten installments from 1960 to 1965. Last week, with Britain's economic rebound having turned into a full-fledged boom, and the first favorable balance of trade with the U.S. since 1865 (TIME, Aug. 31), Chancellor of the Exchequer Derick Heathcoat Amory proudly announced in the House of Commons that Britain was immediately repaying all $250 million, plus $5,500,000 in interest, an impressive 5½ years ahead of schedule...
...running 20% to 50% below Trieste's. The nations of the old Austro-Hungarian Empire, for which Trieste used to be the prime port, are mostly Communist now, but even non-Communist Austria has diverted so much of its business to Rijeka that this year, for the first time in history, Rijeka is handling more maritime traffic than Trieste...
...Finns, who defended their independence through two gallant, losing wars with Russia, have also found it hard to stand up against their giant neighbor in time of peace. Last year their President Urho Kekkonen shocked many Finns by letting the Russians veto the composition of a Finnish Cabinet. Following an election in which the Communists captured 50 of 200 parliamentary seats and emerged as the strongest single party, the republic's anti-Communist forces banded together to form a five-party coalition government. Flouting its postwar treaty pledge of "noninterference in other states' affairs," Moscow brought economic pressure...