Word: traded
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Dates: during 1960-1969
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...year, by another $300 million annually for the next five years-but he made no major commitments at the conference. In fact, he extended only five offers: a pledge to finance a Latin American satellite-communications system, a promise to try to persuade the industrialized countries to grant trade concessions to less developed countries, a commitment to try to "untie" some U.S. aid funds so that the money can be spent for Latin American-made goods rather than in the U.S., an offer to apply U.S. technology to a wide range of Latin American problems, and a proposal to establish...
Colombia's Carlos Lleras Restrepo, for instance, was flattered to find that he was able to talk for 35 of the 45 minutes of his meeting with Johnson about Latin America's unfavorable position in world trade (its share of the world market has slipped from 8.6% to 5.9% in the past ten years) and the instability of world coffee prices. Mexico's Diaz Ordaz, one of the few Latin American leaders whom Johnson had previously met, had an 80-minute talk about increasing agricultural output; before the talk was over, Johnson had scraped his chair close...
...that would reduce sulfur content and that any discoveries would be passed on to Venezuela. Back at Beaulieu, Johnson heard Peru's visionary Fernando Belaunde Terry tell how the Indians of the High Andes are building 1,500 miles of roads to open the interior of Peru to trade for the first time since the Incan Empire succumbed to the onslaught of the Spanish conquistadors 435 years ago. As the Presidents told how they were coping with their problems, Johnson would say: "You do that, and we will walk by your side...
...time of the 1955 Austrian State Treaty, it was assigned to the political limbo of everlasting neutrality between East and West. Russia has used the treaty to object to Austria's moves to join Western Europe's Common Market, on which it depends for most of its trade. Last week Austrian Chancellor Josef Klaus decided on some liberalization of his own. Whether or not the Soviet Union likes it, he said, Austria will move to join the Common Market as an associate member. Like many other small nations that trade with Western Europe, it does not want...
These days the Government seldom loses an antitrust case in the Supreme Court. And last week the trustbusters won big. In a unanimous decision, the court agreed with the Federal Trade Commission's contention that the ten year-old Procter & Gamble-Clorox Chemical merger violated the Clayton Antitrust Act and should be dissolved...