Word: trade
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Dates: during 1950-1959
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...government does not pursue policies which lead to a devaluation of money." Ignoring this jarring note, Macmillan remarked that he hoped Opposition Leader Hugh Gaitskell would live "to enjoy this slight addition to his salary for very many years to come." Just as chummily, Gaitskell, who hopes to trade places with Macmillan some day, replied: "I cannot forbear from reminding the Prime Minister of his great interest in the salary of the Leader of the Opposition...
...paid for with agricultural exports, this could have only one consequence. "In import plans," Po went on blandly, "major reductions have been made in the amount of general machinery and transport equipment, to provide incentive to our own machine-building industry" (a cautionary market tip for those who think trade with Red China will amount to much...
Canada's new Tory Prime Minister John Diefenbaker flew home from the Commonwealth Prime Ministers' conference in London last week, where he had persuaded the other delegates to start mapping ways to broaden trade within the Commonwealth. In Ottawa he announced a drastic Canadian proposal to carry out the Commonwealth trade speedup: a slash in imports from the U.S. of 15% ($625 million a year). Canada would make up the difference-"mainly capital goods"-from Britain instead. With Canada's wheat surplus ripening into his worst domestic worry, Diefenbaker also attacked U.S. wheat export "giveaways," which insist...
...strongman was still working a seven-day week and still getting results. The gross national product in 1956 was well over $500 million. Exports last year (mainly sugar, coffee, cocoa) reached a record high of $126.5 million. Imports in 1956 were held to $108.3 million, leaving a trade surplus of $18.2 million. The record 1957 budget, nicely balanced at $131.5 million, will buy more schools, hospitals and roads...
...Flop. In only one business venture-the tourist trade-has the dictator proved a flop. He spent $25 million erecting a gigantic "International Fair for Peace and Progress," opened the doors for business only three months before the Galindez kidnaping. The strongman was splashed with a storm of bad notices unequaled since he ordered the massacre of 15,000 Haitian migrant farm workers in 1937. As he steadily blocked FBI investigation of the double crime, magazines, newspapers, radio networks and U.S. Congressmen denounced him. The tourist traffic jerked to a halt...