Word: trades
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Dates: during 1950-1959
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...TIME's recent articles evoked a certain perplexity among the natives of Loma. As Editor Miller tells it: "TIME has brought news of the world to our remote African door. TIME articles have been given recognition in our publication. For example, your very newsworthy story about the trade of rice for cement in Burma (TIME, May 21) met with stupendous lack of sympathy in this rice-conscious, rice-loving part of the world. No Loma man would even consider trading rice for cement...
...Passed, by voice vote, an Administration-backed bill to simplify import duties, replacing a confusing two-value assessment system with a system of duties based on the price a U.S. importer pays for foreign merchandise. The customs simplification bill, first major foreign-trade measure passed this session, now goes to House-Senate conference...
...impact of a TIME book review is no secret in the publishing world. Writing from New York in Books and Bookmen, Britain's new book-trade monthly, Geoffrey Wagner analyzed what he called the strong sales "pull" of a TIME review, reported that the reading public placed great faith in TIME'S Books section...
...Russian loan, Nasser would have to mortgage Egypt's all-important cotton crops for 20 years. Nasser asked advice of his friend, Yugoslavia's Marshal Tito, an old hand at playing roulette with Russia. Tito warned him to beware of the Russian habit of turning trade on and off for political purposes. The Yugoslavs, said Expert Tito, have developed a rule of thumb: not more than 25% of a nation's foreign trade can safely be given to Russia...
Died. Richard A. ("Old Dick") Glendon, 86, oldtime rowing coach whose crews at Navy and Columbia paced eastern racing for 27 years (1904-1931); in Hyannis, Mass. A fisherman by trade, Dick Glendon taught himself to scull on Boston's Charles River, developed the famed "Glendon stroke" (a long layback...