Word: trades
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Dates: during 1950-1959
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...Navy (1840-1914). His counsel, delivered at century's turning point in brilliant books, such as The Influence of Sea Power Upon History, 1660-1783 and The Interest of America in Sea Power, Present and Future, was that the U.S. national interest was to secure overseas bases, trade routes, to guard them with unbeatable military power. In his day and since, Mahan's doctrine has been criticized as imperialism. But Mahan's quiet point-applicable in the Middle East today -was that overwhelming U.S. power ought to be deployed not for ill ends of world conquest...
Reciprocal Trade. Before passing the Administration bill by a resounding vote of 72 to 16, the Senate knocked out the Senate Finance Committee's most damaging piece of butcherwork: a provision that the President may not overrule Tariff Commission recommendations for higher tariffs unless majority votes in both houses of Congress back him up (TIME, July 21). Co-sponsors of the amendment to undo the Finance Committee damage: Majority Leader Johnson and California's Minority Leader William Fife Knowland, joining forces in an overwhelming coalition. "This was not a party matter," said Johnson. "This was Congress standing there...
...Middle East crisis brightened the prospects that the Senate this week will partly restore 1) the Senate Finance Committee's damage to the Administration's reciprocal trade bill (TIME, July 21), and 2) the House's deep cuts in foreign aid appropriations...
...there were also P-4Os to fly. With terrifying shark teeth painted on their long, snarling snouts, they held their own and better with Jap Zeroes from Kunming to Thailand. And in them, Greg Boyington learned the unforgiving trade of the fighter pilot. He was an ace when he heard that the entire outfit was about to be drafted into the Army. By then, Boyington suspected that "Laughing Boy" Chennault was old-school Army, and had no use for marines. ("I shouldn't think he would even want a dead marine's body stinking up his precious China...
...This is not an exercise in international goodwill," stated Kissinger. "Delegates are instructed to pull no punches." Representatives from sensitive trouble-spots all over the globe--authors, journalists, teachers, economists, and government officials--from Poland and Yugoslavia to Egypt and Iraq, trade facts and opinions with comparative freedom and considerable candor...