Word: traded
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Dates: during 1940-1949
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British planners illustrate the point this way. In any effective European federation, tariff barriers would come down. That might mean, under a free economy, that some inefficient Lancashire textile plant would close down while production would be expanded in a Lyon factory, better situated for general European trade. In a planned economy (which Britain's Socialist government considers indispensable to Western Union), the Lancashire-Lyon shift would be the subject of a formal government decision. It would come up for discussion in the kind of assembly the French want (say the British), and it would stir up nationalist resentment...
...Policy? Foreign Minister Juan Bramuglia was known to have come back from Europe and the U.S. with the word that Argentina's economic policy, which had about wrecked the nation's foreign trade, was too inflexible. And it was a fact that the men who would henceforth manage the Bank and IAPI had served under Bramuglia the greater part of their political lives, Ares as economic chief in the Foreign Office, Morales as Bramuglia's assistant at Bogota' and Paris. If their appointments meant anything, they foreshadowed a break from Miranda's rigid selling policies...
...whopping dividends, Doc plows great chunks of money back into his gold mine-giving paying guests more comfort, beauty, entertainment and $100,000 races. This winter, at a cost of $400,000, he opened a fancy new lounge and restaurant, a kind of clubhouse for the general-admission trade...
With all the sedate modesty of a skilled campaigner, Paley described his victory as "rather casual and ordinary." Negotiations with Bing, he said, had taken about three weeks and everything else about the deal is a "trade secret." Crosby and Skelton are expected to make the move to CBS this fall...
...basing-point method of setting prices in cement (TIME, May 10) had been so vague that many businessmen were not sure what was and what wasn't legal. Last week, in answer to six questions from the Chamber of Commerce of the State of New York, the Federal Trade Commission took most of the mystery out of the court's decision...