Word: trades
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Dates: during 1950-1959
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...Battery A, 45th Antiaircraft Artillery Brigade, near suburban Arlington Heights, Ill. last week, blackbooted soldiers in fresh-starched fatigues worked over radar screens and Nike missile launch gear. Amidst the familiar incense of hot electronic equipment they chanted their trade litany as they practiced tracking on unsuspecting airliners: "Interlock held. Interlock cheated . . . Line volts O.K. . . . Three-quarters, three-quarters...
...benefits" provided by the federal government. Steered by the "social free market" philosophy of Economic Minister Ludwig Erhard, the government pumps 40% of its budget revenues into social uses. Every German worker and his family get government-subsidized medical care. State old-age pensions are now so high that trade unions are dropping their own pension plans...
Chile's Hernán Videla Lira raised the menace of Red trade. "Moscow," he said, "has definitely stated that it is attempting the economic conquest of the free world and, in this way, imposition of its political conditions." But despite hundreds of proposed deals-including 176 to Brazil alone in 1958-Iron-and Bamboo-Curtain trade runs around only 1% of Latin America's total. And Communist loans to all of Latin America so far total only...
Lleras also rebuilt his nation's international fiscal rating, driven into shabby disrepute by Spendthrift Rojas. He choked off unneeded imports so decisively that Colombia was one of five Latin American nations to show a 1958 favorable balance of trade in spite of tumbling prices of coffee, source of more than 80% of Colombia's export income. Lleras cut the $500 million commercial debt left by Rojas to $150 million. He also held down government spending and tightened credit. Cost of living, which jumped 23% in 1957, climbed only...
Discontent seethed through a knot of delegates last week as the U.S. Chamber of Commerce sat down in Washington for its 47th annual meeting. A top item on the agenda was an annual policy statement that was expected to repeat the chamber's traditionally liberal view of foreign trade, plumping for reduction of tariffs and elimination of quotas. Only a week before, four Congressmen at the biennial meeting of the International Chamber of Commerce in Washington had warned that protectionism is on the rise in the U.S. Now a group of chamber members set out to prove it. Representing...