Word: trades
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Dates: during 1950-1959
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...Alarmed by reports that the Administration is yielding to pleas from Britain to ease East-West trade restrictions, the Senate's Permanent Investigations Subcommittee opened hearings on the current state of trade with the Communist bloc. In its line of questioning, the subcommittee made plain that its target will be Presidential Assistant Harold Stassen, who, as director of the Foreign Operations Administration, approved a general relaxation of controls...
Greedy Economy. Butler's amber light had obviously not been enough to slow down Britain's course towards inflation. Last month Britain's gold and dollar reserves dropped to a figure lower than at any time since 1952. Instead of closing, the trade gap was widening alarmingly. Vital coal production, which had dropped 2.000,000 tons last year, was still dropping. Harold Macmillan. the new Chancellor of the Exchequer, said ruefully: "One of the Prince Regent's physicians earned a certain notoriety, though not perhaps very large fees, by telling his royal patient that all that...
...retirement speech as president of the Manchester Chamber of Commerce, Pardoe pointed out that for years the Lancashire textile trade has been calling itself "depressed," and screaming for government protection from foreign competition. The fact was, Pardoe said, that the average dividend of 62 leading spinning concerns last year was a whacking 23.4%-only a fraction less than 1954, when dividends were at a 3O-year peak. "Some slump," said Harry Pardoe sardonically...
Last week the Tory government moved gingerly to tackle Pardoe's problem. It published its "Restrictive Trade Practices Bill," which in theory strikes down the intricate system of price fixing, market sharing and clubby restraints ("I won't produce more if you won't") that has been built up to shield British producers and sellers from the uncertainties of competition. The new bill was only a feeble imitation of U.S. antitrust legislation. And it had one gaping loophole-any "restraint" could continue if it was found "reasonably necessary" for such reasons as "maintenance of employment...
Last week disaster struck. Mike Kaplan, a reporter for the trade paper Variety, after checking Nugent's credentials at the British consulate, headlined the bad news. The consulate's information officer had reported that Nugent was not listed in either Debrett's or Burke's Peerage...