Word: tradings
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Dates: during 1940-1949
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...Havana, the 63-nation conference on freer world trade dug deeper into one of its major dilemmas: every economically backward nation in the world has hopes of industrializing itself; none wants to be merely a source of cheap bananas, coffee or jute. Last week some of them were clinging to the right to use every trick in the book of economic nationalism, if necessary, to make their dreams come true...
Indian Delegate C. H. Bhabha wanted a further amendment in the draft charter of the I.T.O.-International Trade Organization-which the Havana conference hopes to complete. That charter already permits (while deploring in principle) the use of preferential tariffs. It even allows a nation to lay down flat quotas on the amount of goods that may enter that country, provided I.T.O. approves. India's Bhabha said that this was not good enough. India wanted the power to set its own quotas, with or without I.T.O. permission...
Clayton and others at Havana were fighting the good fight for a freer trade world to which virtually all delegates subscribed-in principle. In practice, this fight was a lot easier for the U.S. delegation than for those countries whose industries, state and private, saw no security or progress unless they could somehow be protected from competition...
Jinnah's government, living on day-to-day receipts, has tried some desperate salvage measures. It imposed a $5-a-bale export duty on raw jute moving from East Pakistan to the jute mills of Calcutta (in India). The tax violated a temporary free-trade agreement between the dominions. This would probably provoke retaliation from India, which could stop sending all coal and manufactured goods to Pakistan...
Tall Ones and Trades. In private guise, Sam Breadon was a hospitable fellow, a genial server of long tall drinks. He liked to sing in barbershop quartets. He was a good guy, most baseball writers agreed; but he "would trade his grandmother if the price was right." In his way, he had a certain amount of sentiment for his ball club. Last year, when he flew down to Mexico, rumors spread that he was selling the Cardinals to Mexico's Pasquel Brothers. Sam denied it. Said he, grinning: "The Cards are not for sale . . . that is, [unless] some...