Word: tradings
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Dates: during 1940-1949
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...emergency, tended to the opposite direction. ECA sometimes stimulated fast production in a way that worked against future European economic unity and overall efficiency. Example: before the war, The Netherlands made heavy purchases from Belgium's big railway equipment industry. Today, the Belgians do not want to trade with The Netherlands because the Dutch can pay them only guilders, not now convertible to dollars. Like everyone else in Europe, the Belgians want dollars to buy in the U.S. So the Dutch are building their own railway equipment industry just across the Belgian border. They are using Marshall Plan dollars...
...understood in the U.S., might turn out to be more important than anything on which the Big Four Foreign Ministers might agree. Europe's political future and its military defense were closely tied up with its economic prospects. Would Europe develop toward a great unified area of free trade? Or would each nation protect itself with barriers which would strengthen the parts but weaken the whole...
...delegates had more to worry about than recent defeats in county elections (TIME, April 18). The sharp spring drop in Britain's exports threatened rising unemployment. Many economists would welcome this, on the argument that a "normal" pool of unemployed would act as a brake on trade-union demands which have been pushing up production costs and pricing British goods out of export markets. Laborite politicos, however, believed that in the present mood of Britons a "normal" unemployment of 1,000,000 would kill the Labor Party's hopes of winning next year's general elections...
...April, and he was red-hot last week as he stroked his way to the P.G.A. championship at Richmond's Hermitage Country Club. In between times, Sam was warm enough to scoop up seven other prizes, boosting his winnings for the year to $12,610, tops in the trade. Unless something put the fire out he figured to have the biggest of all tournaments, this week's U.S. Open, at his mercy. And all because of a borrowed putter...
Businessmen were pleased-and surprised-that Joe O'Mahoney, an old trustbuster and friend of the Federal Trade Commission, wanted to permit freight absorption, a mainstay of the basing point system. But O'Mahoney said that the bill would only put into law what FTC has been saying ever since the Supreme Court decision, namely, that any manufacturer could absorb freight charges to meet a competitor's prices at distant points so long as there was no conspiracy to fix prices. What FTC had objected to was collusive freight absorption. Much of the confusion, he thought...