Word: trades
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Dates: during 1950-1959
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...milestones too, and history will so record them. West Germany took last week and France will take this week the crucial steps to declare themselves part of a Common Market that will enable these divided lands for the first time in modern history to have a vast, tariff-free trading zone comparable to the U.S., embracing six nations and 160 million people. At the same time (see below), the most powerful of Western European nations, West Germany, voted, to outlaw the return of cartels in favor of free enterprise and competition. It did so largely at the insistence...
...Presidium, only Khrushchev, Bulganin, Voroshilov, Mikoyan, Suslov and Kirichenko remained. Up from the ranks of the alternates came plump, photogenic Ekaterina Furtseva, long a particular Khrushchev favorite, and the first woman ever to reach the Presidium. Along with her came chesty Marshal Zhukov, hero of Berlin, 69-year-old Trade Union Specialist Nikolai Shvernik, Frol Kozlov, a Leningrad party boss who backed up Khrushchev's stand on the Leningrad Case at the 20th Party Congress, and Leonid Brezhnev, who had worked with Khrushchev years ago when he was cleaning out opposition in the Ukraine. Four new faces were added...
...hoped for. Nonetheless, said Erhard, "with all its deficiencies, this is still the most modern cartel bill in the world." If Erhard was guilty of hopeful exaggeration, the fact remains that West Germany alone among European nations had legally accepted the principle that competition is good, restraint of trade...
...early this year finished drawing up treaties to establish both a European Common Market and a European Atomic Energy Community (TIME, March 4). The first of these promised to create within 15 years a single West European market, comparable in size to the continent-wide U.S. market, with free trade within and a common customs barrier against the outside world. The second treaty, by pooling nuclear-research and power facilities, held out the hope that Western Europe might one day be close to self-sufficient in energy (and thus, among other things, no longer vitally dependent on the Suez...
More and more, Nasser found himself backed into a lonely corner. As U.S. influence grew to supplant that of Britain as the principal stumbling block to his own ambitious plans for the Middle East, Egypt has been forced to look to Soviet Russia for encouragement. Russian trade with Egypt in the first months of this year quadrupled 1956's figures-but Russia is proving itself an exacting, suspicious and unprofitable partner, and Nasser's Moscow commitments have roused the Arab world's three Kings (Saud, Hussein and Feisal...