Word: traded
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Dates: during 1960-1969
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Albert O. Hirschman, an authority on economic development and foreign trade, has been named Lucius N. Littauer Professor of Political Economy...
...legislator has his own way of raising money, most notably the testimonial dinner. It has the advantage that no single contribution is "major," even at $500 a plate. In the trade, such affairs are often known as "blackjack" dinners, since lobbyists or trade associations for whom the Congressman has done a favor are pointedly notified and often arbitrarily assigned an allotted number of tickets. In Washington, a favorite variant is the campaign cocktail party. Says one lobbyist ruefully: "I get invited to about two every month. They are so well organized that after the first drink, they pass blank checks...
...enjoy a robust economy, with an industrial sector that grew by 17% in the past year. Foreign investment, once almost nonexistent, has advanced to $186 million a year, and exports in the past decade have quadrupled to $1.3 billion. In the past 18 months, Iran has signed long-term trade and military deals with both East and West involving nearly $3 billion; the latest provides for the exchange of Iranian oil for $40 million worth of Rumanian grain silos and railroad cars. The gross national product has doubled in a decade to $6.5 billion a year...
...been taken off the docket of the current session of Parliament, and the government last week amended the old Verwoerd ban on interracial sports to permit South Africa to send an integrated team to the 1968 Olympics. Vorster also created something of a stir last month by receiving a trade delegation from the black African nation of Malawi with full honors (including limousines driven by white chauffeurs), entertained Prime Minister Leabua Jonathan of the tiny new state of Lesotho at lunch in Cape Town's stately Mount Nelson Hotel-breaking at least three apartheid restrictions in the process. Last...
...reasonableness. South Africans going overseas are supplied with booklets instructing them how to answer delicate questions, and Vorster recently urged all whites staying at home to start a letter-writing campaign to present "the truth" to their European friends and relatives. His government even claims to have started secret trade talks with a dozen or so supposedly hostile black nations...