Word: trade
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Dates: during 1950-1959
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...eager entrepreneurs have carried their country to the greatest prosperity in its history, partly by extending its economic influence into areas that generations of German military strategists coveted but could never manage to capture. For a battle report on one of West Germany's outstanding current trade offensives, see FOREIGN NEWS, West Germany Invades the Mideast...
...beginning to fringe on top at age 49, last year nailed down a top place in Ike's regard. As Under Secretary of State for Economic Affairs, hardworking, soft-selling Dillon earned a major share of the credit for steering reciprocal trade and foreign aid through a bullheadedly balky Congress. Perhaps the most popular of all-State Department officials on Capitol Hill, Dillon is especially friendly with Arkansas Democrat William Fulbright, new chairman of the powerful Senate Foreign Relations Committee...
...Good War Record." West Germans also enjoy two other competitive advantages. One is the aggressive trade policies of their own government. To help foster West German exports, the Federal Republic sponsors an insurance organization called Hermes, which offers exporters a guarantee against default by their customers. Thanks to Hermes (which has so far committed $600 million to underwriting Mideastern deals alone), West German businessmen can often offer credit to customers whom other Western businessmen must pass up as bad risks. Sometimes the Bonn government steps in directly to help. West Germany is about to give the Greek government $150 million...
...Halt. Worrisome as it is, the Communist trade offensive has not discouraged West Germany's own drive to the East. Partly because of the poor quality of 30 locomotives which Nasser bought from Communist Hungary two years ago, partly by agreeing to accept some of the price in cotton instead of cash, West Germany's Henschel Works fortnight ago snatched an Egyptian State Railways order for 108 diesel-electric locomotives away from both Russian and U.S. bidders. And in the Ruhr several major industrial firms are mulling over plans for a "Mideast pool" which would merge their commercial...
Under the plan, a homeowner who wants to move or trade up can sell his house to a real estate broker or builder for an agreed price. The broker or builder can get an FHA-insured loan equal to this price if he puts an amount equal to 15% of the unpaid mortgage in escrow until a new buyer is found. If no buyer is found within 18 months, the 15% will be applied to reducing the mortgage. The plan thus frees the homeowner for a quick turnover of houses, frees the broker or builder of strain while he holds...