Word: trades
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Dates: during 1950-1959
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Delighted as they were by Britain's change of heart, toward Europe, many OEEC nations were far from delighted by British insistence that only industrial goods should move freely within the Free Trade Area. (This would allow Britain to continue giving "imperial preference" to the agricultural products which make up nearly 90% of her imports from the Commonwealth.) A Free Trade Area that excluded agriculture, warned Jens Otto Krag of agricultural Denmark, would be "quite unacceptable." Eccles had been quite candid about why the farmer would still be protected: "Agriculture is never far from the minds of the politicians...
Echoing Krag's fears. Belgium's Paul-Henri Spaak flatly warned that the British proposal would not be permitted to delay "even for a single day" establishment of the six-nation* Common Market, which will constitute a tightly knit "little Europe'' within the larger Free Trade Area. The difference between the two is that Britain, for example, agrees to reduce its tariff barriers with the Six at the same rate as the Six reduce them with one another, but Britain would retain control over its own tariffs in trade with other nations. If all goes...
...enthusiastic. Twelve backers, including NBC, coughed up $450,000 to provide Merman with Happy Hunting. As anticipated, she drove her sputtering vehicle to solvency before the first-night curtain. The advance sale: $1,500,000. Part of this take came from theater parties, a growing force on Broadway, which trade tickets for contributions to charity. (Happy Hunting drew 74 sellout parties plus 50 others that partially filled the theater.) Another force that sweeps up tickets in wholesale lots: the expense-account economy, in which advertising agencies and public-relations men pass out good seats to good clients and visiting friends...
...liquor-law enforcement agents, machine-gunned rivals. One ex-convict named by Mathis supplies a liquor empire in dry counties from nine state-licensed liquor stores in wet areas. In Lubbock, Texas' biggest dry city (pop. 150,000), more than 4,000 bootleggers ply a $15 million annual trade, openly advertise their wares with such slogans as "We Can Satisfy Your Every Need" (the satisfaction costs up to $15 a fifth...
...RATE PESETAS will be sold by Spain to U.S. travelers. To spur foreign tourist trade and combat flourishing black market, the Franco government will let Americans deposit dollars in U.S. banks, pick up pesetas in Spain at rate of 46 to $1 v. current pegged rate of 38.95 per $1. Spain is also considering general devaluation of its weak peseta...