Word: trade
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Dates: during 1950-1959
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...millions of French soccer fans it was the saddest blow of the Algerian rebellion. Favorite teams were badly crippled, and club owners put a trade value of $250,000 on the missing players. The players had not been treated meanly as Algerians; they were good friends of the other players, and were regarded as sports celebrities; most had French wives or girl friends...
...20th century reflex is to think of Britons and Germans as mortal enemies, and Britons and French as fond allies. But before the two World Wars, the opposite was more often the case. As late as the end of the 19th century, Britain's obvious partner in trade, diplomacy and royal bedrooms was Germany. "The natural alliance," said Salisbury's Colonial Secretary Joseph Chamberlain on Nov. 30, 1899, "is between ourselves and the great German Empire...
...help against France. Britain has refused to join the six-nation, tariff-free European Common Market, but does not want to be shut out of a probable market of 165 million people. Britain would like to be an affiliate (along with ten other European nations) in a looser free-trade area, but as a price for letting the British in, France demands tariff preference throughout the British Commonwealth. Adenauer agreed to help...
...rebuilding Coventry Cathedral, which German bombers destroyed in a 1940 raid. After three glowing days Adenauer returned to Germany, where this week he will play host to Russia's No. 2 man, First Deputy Premier Anastas Mikoyan, whose visit to Bonn to sign the new Russia-West Germany trade pact is further evidence of West Germany's heightened prestige...
Premier Nobusuke Kishi's tricky victory of the Chinese flags (TIME, April 21) did not last long. To make a $196 million barter deal with Red China, he had agreed to a Red Chinese trade mission in Tokyo, which would be allowed to fly Communist China's flag over their headquarters and on their cars. To mollify Nationalist China-which had slapped a protest boycott on Japanese goods-Kishi ruled that Red China's flag would not have diplomatic status in Tokyo, but would get police protection under the laws against damaging private property. Formosa was pacified...