Word: trade
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Dates: during 1950-1959
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Mostly because of President Eisenhower's determination to do battle, the prospects are good that Congress will preserve the essentials of his foreign aid program, his reciprocal trade bill and his Pentagon reorganization plan-despite the entrenched hostility and opposition to all three on Capitol Hill. If his present mood continues, Dwight Eisenhower might make 1958 the most successful year of his Administration...
...reported that he sold 25 new tractors so far this year, drew groups of up to 25 farmers at a time to his showroom to view the latest in mechanical hay balers. "Business," said Berkemeir, "is within a few dollars of double last year." Used tractors taken back as trade-ins scarcely stay in the shop long enough to be oiled and repainted. Fresh from selling off 160 head of feeder cattle, Farmer Bill Hynick, 45, dropped by recently, plunked down $1,950 for a two-year-old model. "I've been thinking of buying for a couple...
...tangible advantage Israel got out of the Sinai invasion was to open up its now bustling southernmost port of Elath to the sea, so that its ships could trade with East Africa and Asia while bypassing Nasser's Suez Canal. Invading Israeli armies, routing the Egyptians from the Sinai peninsula, spiked the Egyptian guns placed to menace any vessel seeking entrance from the Red Sea through the narrow, four-mile-wide Strait of Tiran into the Gulf of Aqaba and thence to Elath. Now the U.N. Emergency Force guards the strait and permits Israel "innocent passage" into the gulf...
Both Washington and Ottawa seemed determined to demonstrate that recent trade irritations have not scarred their friendship. The point was also emphasized at the United Nations last week, when Canada's Ambassador Charles Ritchie strongly endorsed the U.S. Arctic inspection plan (see FOREIGN NEWS...
Austerity in Government. "The national treasury is empty," warned Frondizi, adding that the trade deficit is so huge that even vital imported supplies (e.g., petroleum) might be cut off by year's end. He promised administrative austerity, but said the broader solution for the nation was "encouraging productive private enterprise." He pledged that there would be no new expropriation of foreign investments, though industries already nationalized would be kept. He announced that he was taking over as president of the floundering state oil monopoly and would accept aid from private capital, "without abolishing state control...