Word: timed
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Dates: during 1950-1959
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...Knox. Europe's new prosperity has shifted the whole balance of the U.S.'s terms of international exchange. Last year U.S. exports dipped by $3 billion, while Europe's shipments to the U.S. have gone on growing. Last week London newspapers reported that for the first time in the 20th century Britain is now selling more to the U.S. than it is buying. Taking all items into account (exports, military costs, economic aid), the famed dollar gap has been closed; since 1950 Europe has increased its pile of gold by $8 billion, and the outside world...
...Time to Tighten Up. Treasury Secretary Robert Anderson had already proclaimed (TIME, Oct. 12) that "there is no longer justification" for European countries to maintain discriminatory restrictions against dollar imports. Washington also believes that if U.S. salesmen would get out and hustle, U.S. exports could be boosted significantly...
...point where Washington feels most strongly that it is time for a change is in the field of foreign aid. With the original postwar objective of setting Europe back on its feet handsomely achieved, the bulk of U.S. aid already goes to underdeveloped nations; in the future even more of it will have to do so. And, add U.S. officials grimly, it had better not find its way back to European pockets quite so often as has been the case in the past. (An example that still gravels Washington: in recent years the West German government has underwritten some...
...million to the French Community's African members. But, bit by bit, Washington's new approach is beginning to have its effect. Under U.S. pressure, the European countries and Japan have agreed to join with the U.S. in setting up the new $1 billion International Development Association (TIME, Oct. 12). And last week, after asking his countrymen "whether we have the right to enjoy all to ourselves the steady annual increase of 6% in our national product," West Germany's Economics Minister Ludwig Erhard proposed that his government review its system of foreign credits and "untie" them...
...time the gang reached Victoria, they apparently had decided not to press their leapfrog luck too far. Leaving a fortune behind, they took only $28,000 worth of jewelry, and for the fourth and last time locked their doors behind them. Their record take: goods worth $700,000, chosen so judiciously for size and value that the whole caboodle would fit in a suitcase...