Word: trade
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Dates: during 1950-1959
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...statisticians to make the first comprehensive survey of the needs of Africa as a whole. It made plans for a study of resources and power, for a board of experts to act as permanent economic advisers, for a training program for Africans, and for ways to attract capital, promote trade, and improve transportation on a continent-wide basis...
...sacred-cow national oil monopoly, by inviting foreign oilmen to develop Argentina's petroleum resources. The first new well came in last week, beginning a program that eventually will save Argentina the $300 million it spends each year for foreign oil, a sum roughly equal to its whole trade deficit. Then Frondizi freed the artificially pegged peso to find its true value, discarded much red tape that distorted and paralyzed Argentina's foreign trade. A fortnight ago, to help shore up the peso and make the economy more productive, U.S. Government and private banks, as well...
Aligned against Negrão de Lima was a faction that included Kubitschek's kitchen-cabinet foreign-affairs adviser, pudgy Augusto Frederico Schmidt. Schmidt's clique insisted that Brazil accept Russia's repeated offers of trade and aid, largely to lever the U.S. into greater generosity. Last October the government announced it was trading 20,000 bags of cocoa for 60,000 tons of Soviet crude. But the Russian oil turned out to be the same type of paraffin-heavy crude that Brazil is already forced to export for lack of refining capacity...
Critics may carp about the dearth of live television shows, reports the trade magazine Television Age, but so far as the general public is concerned, it could hardly care less. After sending Pulse, Inc. to pry into 1,000 TV-equipped homes, Television Age was surprised to learn that nearly 82% of televiewers never wondered whether a program was live or filmed. So many people guessed wrong about so many programs, said the magazine, "that maybe all the industry polemics regarding live and film is pretty much a waste of time and breath...
Today the battle for bookings is usually fought on other fronts, but self-advertise ment in Variety and other trade papers survives, a kind of tribal custom to which just about everybody in the business succumbs at least once a year. And it still fills a real need: without it the trade papers might go broke...