Word: trade
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Dates: during 1950-1959
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Herter. The real meaning of the series of high-level meetings, said Herter in a speech to the National Foreign Trade Council in Manhattan, is that a new process of communication between East and West may be developing. "I say 'may' because only time can tell whether we shall have learned to talk somewhat less at cross purposes than in the past, and with better understanding of opposing points of view." Khrushchev, said Herter, had said there was a need for "a common language despite the ideological conflict to which he staunchly adheres. Many will find this hard...
...billion between that day and this, not counting extensive military equipment-Chiang's Formosa did survive, and one recent evening, the Gimo, accompanied by Madame Chiang, drove down to the heart of Taipeh to see the solid evidence of a decade of economic achievements at the First Annual Trade Fair of the Republic of China. "Hao, hao [good, good]," he said, as he passed through row after row of stalls proudly displaying Formosa-made trucks, machine tools, plastic toys-even Ivy League shirts...
These are impressive figures, but there are shortcomings. The U.S. still underwrites an annual trade deficit that has ranged from $70 to $90 million, and U.S. advisers fear that this will continue until the Nationalist government provides new incentives for investment in export industries. Private U.S. investors have put only $54 million into Formosa, partly because they object to the terms of Formosa's foreign-investment law, partly because of sad experience with the widespread "squeeze" system, through which some Formosan officials almost seem determined to run foreign businesses out of the country, not bring them...
Free Labor. In Marxist fashion, Touré has clamped tight central controls on everything in sight. There is a government foreign-trade monopoly, and the state-run cooperatives, which buy farmers' products and sell them finished goods, are slowly pushing private merchants out of business. Each Sunday, workers are induced "voluntarily" to build roads, schools and clinics in a scheme grandly titled "Human Investment," and Touré is working hard to rip up tribal roots and create a Guinea nationalism. By requiring English as well as French instruction in schools, he hopes to create a bilingual nation that...
Patterns & Plots. The mind behind the Giants' muscle is Defensive Coach Tom Landry, 35, a sharp-featured, whisper-voiced Texas back who learned his trade in the Giants' defensive backfield (1950-55) under Coach Steve Owen. Using the pro's basic 4-3-4 "umbrella" formation, Landry has plotted a score of basic defense plays, each capable of several variations tailored to the particular enemy's offense. The defense plan is called in a defensive huddle before each play, can be changed on a shouted code word if the offense lines up in an unexpected pattern...