Word: traded
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Dates: during 1960-1969
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Western Europe's Common Market is celebrating its tenth anniversary in a justifiably euphoric state of self-congratulation. Trade among the Six has increased 238% in those years, and the last internal tariffs will disappear by mid-1968. De Gaulle, who has kept Britain out, has at least brought stability to France, and his recent setback at the polls may reduce his room to maneuver mischievously abroad, forcing him to give long-overdue attention to social problems at home. More queasy is the state of Britain. Still, its economy has perked up a trifle, achieving its first substantial trading...
Lying 75 air miles east of Puerto Rico, the islands still have the scrubbed and simple air of a fishing village. Though most of the residents are Negroes, racial tensions are minimal. Litter is as uncommon as unemployment and crime. In the past decade, the burgeoning tourist trade has brought luxury hotels, excellent restaurants and chic stores. A free port provides luxuries at low prices: a fifth of Tanqueray gin sells for $1.85 v. $5.98 in New York...
...caused East German Planning Chief Erich Apel to commit suicide on the day the deal was announced. As a result, East Germany is forced to ship eastward many of the machines that it needs to modernize its own factories and many of the exports that it needs to increase trade with the West...
Heating Up. The surge in par busting may be partly due to improvements in the tools of the trade: the whippy steel and fiber glass shafts of today's golf clubs, high-compression golf balls, the portable warmers used to heat up the balls so they will travel farther. But there is a growing school of thought which holds that the real reason for all the sub-par golf is sub-par golf courses...
...called for a "Christian vision of development" that looked in some ways as if it had been drawn from a U.N. economic report. He suggested that prosperous nations might well subsidize the exports of poor countries by agreements guaranteeing prices of the underdeveloped world's commodities. "Freedom of trade," the Pope contended, "is fair only if it is subject to the demands of social justice." He renewed his call, made during his 1964 visit to Bombay, for a world fund made up of a portion of the money now spent on armaments to "relieve the most destitute of this...