Word: trades
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Dates: during 1950-1959
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...present producers' price of 25? per lb.) in addition to the 10,000 tons a month the Government already buys for the stockpile. Western mining-state Congressmen like the stockpiling plan better than the out-and-out subsidy previously suggested, thus are expected to support the reciprocal trade agreements (see NATIONAL AFFAIRS) instead of backing the recommendations of the Tariff Commission for tariff boosts which have already caused the U.S. trouble in South America...
...blueprint for boosting world trade and developing backward countries was laid down this week in Foreign Economic Policy for the Twentieth Century, third in a series of special reports by the Rockefeller Brothers Fund (TIME, Jan. 13). Said the report: "There exists no vocal constituency for foreign economic policy. As a result, foreign economic policy has all too often become simply a response to a series of separate crises. Nothing is more important, therefore, than to bring about the conviction that a sustained and imaginative policy is crucial not only for our self-interest but for the peace and well...
...foundations for a foreign economic policy is a reciprocal trade broadening of pacts. The report goes much further than the reciprocal trade bill passed last week by the House, wants the program to be made a permanent part of national policy, with broader presidential powers and a reconsideration of such hobbling provisions as escape clauses and peril points. To answer protectionists, the report points out that 4,500,000 U.S. workers depend directly on foreign trade, contribute to a trade surplus of $6 billion a year. While "it is unavoidable that some of our imports will compete with segments...
Many of the tools, such as loan funds and technical assistance, needed to expand trade, says the report, already exist in United Nations agencies or bilateral agreements. But, the panel notes, they must be more fully implemented. The U.S. must provide more personnel to foreign nations, step up the spread of U.S. know-how, thus show the world an enthusiastic response to the economic challenge...
...Economist calls for a 300% hike in the price of gold to bring it in line with other increases, and every miner hopes for a price boost to pay rising costs and improve profits. A more important argument for a higher gold price is that it will help foreign trade. Financial men argue that the world simply does not have enough gold. South Africa's W. J. Busschau, manager of the New Consolidated Gold Fields, Ltd. and one of the world's leading gold experts, argues persuasively that while the free-world money supply has increased fourfold since...