Word: trade
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Dates: during 1950-1959
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Backed by four smoothly concocted "eyewitness" reports, Trud, Russia's official trade-union journal, landed a punch on United Auto Workers President Walter P. Reuther. Three of the "witnesses" were described as Reuther's shopmates when he put in a stint as a worker at the Gorky automobile plant in 1934; the fourth was a mysterious "N" who claimed to be his long-lost wife, described how Walter wooed her ("an inexperienced girl") with talk of "capitalist chains" and "bloodthirsty exploiters." After eight months of marriage, said she, "he said 'I am going to America...
Risk of Trouble. Poland is in further trouble in its foreign trade. Although sales of coal, the nation's biggest export, have slumped sharply, Poland's imports are soaring. The balance of payments deficit-$142 million last year-rose to $120 million in the first six months of 1959 alone...
...only $250 million of the money was 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...
Last week a grinning Soviet Deputy Premier Anastas Mikoyan was in Helsinki for the signing of the new fiveyear, $1.5 billion trade pact. Terms: Finland will continue to send icebreakers and papermaking machinery to Russia, in return for Soviet wheat, coal, oil, autos. The Soviet-bloc share of Finnish trade will remain a vital 22%. Asked whether Russo-Finnish relations would be hurt if the Finns should join their British and Scandinavian trading partners in the proposed Western "Outer Seven" bloc, Mikoyan returned a wary answer. "That is a matter for the government of Finland," he said, "which will take...
Since 1950, Machines Bull has had a contract to sell in the U.S. under the trade name of Remington Rand. But sales never amounted to more than $3,000,000 a year. The company believes it can readily market $40 million worth of its computers and other equipment under its own name if a big sales push is made. Last week Callies and Vieillard dickered with Remington Rand, whose contract is expiring, and other U.S. companies for a deal to make an all-out push...