Word: trade
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Dates: during 1950-1959
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...studies with more than 500 patients expressed hope that kanamycin will also prove effective against many urinary-tract infections (common, stubborn and dangerous), and against tuberculosis-though precise assay of its usefulness against TB will take years. Also offered was evidence that kanamycin (released for general prescription last month, trade-named Kantrex by Bristol Laboratories) may prolong life and ease pain in cirrhosis of the liver...
...archaic objects as prize examples of primitive sculpture, Haniwa blossomed into a collector's craze from Japan to Manhattan. A rare piece brings as much as $10,000 today, and a good one worth $10 in 1952 currently costs $1,000 or more. Counterfeiters, doing a thriving trade, have learned to duplicate the primitive process of coiling ropes of clay into the rough form, then smoothing it into shape. They even grind up old Haniwa fragments to powder the new interiors with ancient dust...
ABROAD new U.S. foreign-investment program is taking form in Washington. Even as fresh opposition to the foreign aid and reciprocal trade programs showed itself in Congress (see NATIONAL AFFAIRS), the State Department was busy last week on a program that every businessman and Congressman could support. The aims: 1) get other countries to shoulder more of the development burden now borne by U.S. foreign aid; 2) shift from giveaway aid programs to revolving loans; 3) encourage private investment and sound fiscal and monetary policies in countries that now dissipate U.S. help by bad housekeeping...
...promoted fortnight ago to the rank of U.S. Under Secretary of State for Economic Affairs. Dillon's first objective: an increase in the reserves of the International Monetary Fund, which have not been raised generally since the fund was created in 1944, although inflation and rising world trade have cut in half the fund's effectiveness in keeping world currencies in balance. Although the fund squeaked through the currency crisis at the time of Suez, many fear that it is now facing a major new threat. So many underdeveloped countries are running out of foreign exchange, because...
Businessmen are often confused by the contradictory actions of the U.S. trustbusters. Last week they had even more reason for confusion. The Federal Trade Commission ruled last month that a merger would not tend automatically to create a monopoly even though it gave 45.6% of the household steel-wool market to one company, Brillo Manufacturing Co. But last week the Justice Department sued to break a deal that would give 21% of the detergent market to Lever Bros...